Promoting and Sustaining Trade with Africa and the Caribbean to support Northern SMEs to survive and thrive in a post-Brexit World
There is a unique opportunity to grow and deepen the UK’s links with Africa. Manchester and the North of England is home to many British people with an African or African-Caribbean heritage. Students from all over Africa study at its world-leading cluster of universities. Its manufacturing and service industries look for new opportunities all over the world, and Africa is a key target.
BURN intends to transform Greater Manchester’s African Diaspora community into an economic powerhouse through strengthening trade links with Africa and acting as a trusted gateway for Northern SMEs to enter African markets.
We are developing a one stop shop ‘Gateway To Africa’ service for UK SMEs to take the leg work out of finding the right markets, partners, export finance and project funding to win new business or expand into other African markets. We will also support UK SMEs to identify the challenges and how to mitigate them.
Why This Is Important
Increasing trade flows with Africa will undoubtedly have a critical role to play in accelerating the post COVID economic recovery and the levelling up agenda, reaching out to a wider group of Northern SMEs, many of whom may have been impacted by drops in sales, dwindling revenues and supply chain disruptions. The potential for highly profitable exports into Africa is enormous, but many SMEs remain unaware of the demand for their products and services as solutions to the most pressing problems across the continent.
According to the World Bank, 83% of global population growth between 2015 and 2100 is expected to come from Africa. In other words, by 2100, 1 in 3 people on the planet will live in Africa. It’s expected that the demand for everything from resources and land to adequate healthcare, will increase exponentially.