Cambridge innovator on Cable’s Russian mission
Cambridge technology business Episys is on a Russian mission led by Business Secretary Vince Cable designed to win multi-billion dollar export business for the UK.
The Russian venture kickstarted the UK’s ‘Export Week’ – the Government’s biggest ever push to prompt companies to look overseas for sales.
And Dr Cable unveiled a new $50 million fund to help small businesses export to Russia. Episys is one of 30 British companies in Russia, which is a growing market for the UK.
Between 2009 and 2012, exports of goods and services to Russia have grown by over 75 per cent from £4.3 billion to £7.6bn.
Dr Cable said: “I am in Russia this week launching the biggest ever drive to encourage SMEs to export. The ‘Exporting is GREAT’ campaign will help us reach the many businesses across the country that are ready to export and grow but have yet to take the plunge.
“I am joined in Moscow by a delegation of over 30 fantastic British businesses across construction, manufacturing and retail sectors. British exports to Russia have almost tripled in the last 10 years, with around 600 UK companies currently operating in the country. The opportunities here are huge for British business - that's why we're also investing in a $50m fund to help British small businesses export to Russia.”
The business delegation accompanying Vince Cable to Moscow will be made up of 31 UK companies from a range of sectors, including many small and medium sized businesses (SMEs).
Solutions from Episys, based in Royston at the heart of the Cambridge technology cluster, are used worldwide in over 20,000 locations with representation across the Americas, Europe, Middle East, Africa, Asia and Australasia.
Its technology enables clients to consistently communicate any message in any language to a wide audience using a variety of platforms, whether that be high impact colorful point of sale, digital signage, product labelling, handheld terminals, portable devices, advertising or shelf edge labelling.
• PHOTOGRAPH SHOWS: Vince Cable