News story

£700 million South West food exports are vital to economic success

Liz Truss visited Cornwall to herald the thriving food industry in the region and encourage more businesses to export world-leading Cornish foods abroad.

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The Chief Secretary to the Treasury, Liz Truss used a visit to several food manufacturers in Cornwall this week (12 and 13 July 2018) to unveil new figures that showed food and agricultural exports in the first quarter of 2018 were up for the fourth year in a row.

From January to March 2018, £175 million worth of food and agricultural goods were exported from the region around the globe, up £10 million on last year.

In 2017, nearly £700 million worth of Cornish food and agricultural goods were exported around the world, and the Chief Secretary hopes that this figure will be bettered this year:

Food manufacturers in this region have made a flying start to 2018 and it’s hugely encouraging to learn, once again, that food exports are up for the first quarter of this year.

Exporting boosts the earnings of a business, and the wages of local workers, it also enhances the reputation of Britain and Cornwall around the world.

I want to see more people abroad enjoying a taste of Cornwall, like the magnificent clotted cream I’ve seen made during my visit.

It is so important that local traders in this part of the world have the opportunity to increase their trade and create jobs and I’m here to learn how we can help them do this.

While visiting Cornwall, the Chief Secretary was hosted by groups of businesses and also visited several food manufacturing factories.

The government is delivering for the South West, and the region now has the second-lowest unemployment rate of all UK regions. And this year alone employment has increased by 37,000, with a record high 2.8 million people now in work.

Since 2010 the government has worked hard to make sure businesses in all regions of the UK can start-up and scale-up. By cutting corporation tax we have helped encourage this, with 1.2 million more businesses starting up since 2010.

Published 12 July 2018