Award winning quantum dot (QD) exporter Quantum Science has welcomed research showing strong export trends in the North of England, highlighting the potential for international trade to boost growth in the region.
Quantum Science, the infrared QD technology expert, recently won the New to Export category at the Northern Powerhouse Export Awards for its experience selling its INFIQ® QDs on the international stage.
Commenting on findings from ecommerce analysts at Alibaba Group UK, the Warrington-based business is now encouraging other local companies to consider the options available to them to kick-start their own exporting journeys.
The research found 74% of businesses in the North are exporting with 66% predicting increased export sales in the next year. Of these, 79% claimed exporting had made their business stronger.
Another 80% claimed exporting had fuelled their innovation and 78% said it had eased the pressure of trading within the UK.
However, many respondents to the survey said they had experienced significant barriers to exporting, with the most common hurdles including supply chain and logistical issues, increased red tape, and economic uncertainty.
Dr Hao Pang, CEO and Founder of Quantum Science, said: “As the winner of the new to export category at the Northern Powerhouse Export Awards this year, Quantum Science is delighted to see this research showing how important our local colleagues feel exporting is to driving business in the region.
“With our INFIQ® infrared QD technology now available in major semiconductor markets worldwide, international trade has played a vital part in our own growth journey, and exporting is now firmly established as a central pillar of the business. Our rapid success in this would not have been possible without the support we have received from our stakeholders and from the Department for Business and Trade. This support has been key to overcoming some of the challenges that we see highlighted in this research, and we encourage other high-growth business operating in the North to explore the opportunities available to them through similar pathways.”