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Impact of Brexit on the Internationalisation of SMEs in Kent

Filippaios, Fragkiskos (2019) Impact of Brexit on the Internationalisation of SMEs in Kent. Project report. Fragkiskos Filippaios, Canterbury, Kent, UK (KAR id:71585)

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Kent County Council commissioned some research in 2016 as part of an EU-funded project to better understand the current situation with the internationalisation (export activities) of local companies including barriers to exporting and the challenges faced by businesses. This follow-up report was commissioned to better understand the evolving outlook of Kent businesses relating to international trade as the UK prepares to leave the European Union. It builds on quantitative and qualitative findings from a survey on SMEs’ internationalisation in October-November 2016, a roundtable of local businesses organised by Kent Business School in February 2017 and the Kent Business Summit that took place in January 2018.

The report starts with a discussion of the impact on inward and outward Foreign Direct Investments and continues with a discussion of the impact on both facets of SMEs internationalisation, i.e. exporting and importing activity. It then provides evidence on the impact of Brexit on the overall economic activity and concludes by summarising the key findings and recommendations.

Firms and especially SMES should be aware of their position in global value chains.

Access to talent and skills could have an important effect.

Kent’s economy has the necessary characteristics to develop innovation and entrepreneurship.

These findings suggest that Brexit has a negative impact but this could be mitigated with appropriate support in the following areas:

Enabling access to talent through the retention and attraction of highly skilled labour force.

Supporting an entrepreneurial approach to business through access to funding and additional specialised support in the development of ideas.

Item Type: Monograph (Project report)
Subjects: H Social Sciences
Divisions: Divisions > Kent Business School - Division > Kent Business School (do not use)
Depositing User: Fragkiskos Filippaios
Date Deposited: 10 Jan 2019 12:02 UTC
Last Modified: 16 Feb 2021 14:01 UTC
Resource URI: (The current URI for this page, for reference purposes)
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