Manchester firm shortlisted for national export prize

Manchester firm shortlisted for national export prize

PREA Ltd, a global consultancy specialising in the polymer (plastics, composites, rubber and textiles) chemicals and manufacturing industry, is one of 10 inspiring British SMEs shortlisted for the Open to Export Action Plan competition.

Each company will present the export action plans they created using Open to Export’s digital business planning tool to a panel of expert judges on 30th June, in Liverpool at the International Festival for Business 2016 (IFB2016).

They are competing for the chance to win £3,000 funding towards their overseas growth, as well as additional benefits including one year’s free membership of the Institute of Export.

The competition sees PREA and fellow finalists seeking to convince a high-powered judging panel that their business would benefit most from the prize.

Open to Export is the government funded digital route to boost the UK’s SME exports. The Export Action Plan tool part of a website dedicated to helping businesses prepare to sell internationally by giving them unlimited free access to information, support and advice.

Using the Export Action Plan tool allows businesses to take ownership of their international trade strategy and make decisions along each step of their exporting journey - from selecting a market to delivering products or services to new customers.

Pravin S Mistry, group chief executive officer at PREA which is headquartered in Manchester and has offices worldwide, said: “We already trade globally, from North America and Europe to the Middle East and Asia.

“Trading globally presents a wealth of opportunities, and the Export Action Plan has been an additional tool and easy resource to check, restructure and further develop our business. It’s tremendous to be shortlisted and we’re looking forward to presenting our vision and plan at IFB2016.”

The competition is sponsored by the International Festival for Business 2016 and Bibby Financial Services and the judging panel includes Lesley Batchelor, OBE, the CEO of Open to Export, James Cliffe, head of business banking at HSBC, and Ian Ballentine, director of procurement at Heathrow.

Lesley Batchelor said:  “We are committed to helping exporters to broaden their horizons, and this includes a thrice yearly Export Action Plan competition, where a panel of experts judge the finalists based on the potential and feasibility of their export plans.”