Nearly one in five mid-sized businesses in Yorkshire plan to expand or boost exports in the next year, according to new research from BDO. The report reveals a clear international focus, even amid uncertain trading conditions and operational challenges.
The survey of 500 mid-sized UK firms found that 18% of Yorkshire businesses are prioritising international growth. Target markets include South America, Australia, and the EU, each cited by 44% of those eyeing exports. Africa also attracted attention from 35% of respondents.
However, growth ambitions are running up against several barriers. Around 24% of firms in the region report shortages in export and supply chain skills, while 12% are seeing weaker demand, likely linked to inflationary pressures and squeezed budgets among both business clients and consumers.
Despite these issues, sentiment remains broadly positive. The vast majority (94%) of Yorkshire mid-sized businesses believe the UK Government’s upcoming Small Business Strategy will help them. A quarter are calling for specific reforms to simplify customs processes and expand support through channels such as UK Export Finance.
The findings reflect a continued appetite among regional firms to scale up internationally, with many looking to government policy and local authority partnerships to help navigate a complex global trade environment.
