For SMEs across Leicester and Leicestershire, the latest UK–US trade agreement—though not a full free trade deal—offers fresh opportunities. With modest tariff reductions and stronger cooperation in key industries, SMEs in engineering, professional services, and manufacturing can expect smoother access to the US market.
Key Opportunities for SMEs:
* Tariff cuts on some industrial goods and raw materials should reduce import/export costs.
* Automotive and engineering SMEs can benefit from greater certainty in access to the U.S market.
* Professional and financial services may gain more visibility in the US, especially as transatlantic collaboration increases.
What SMEs Can Do:
* Explore export readiness: If you manufacture goods with export potential, now is the time to investigate US market entry.
* Update compliance knowledge: Keep tabs on certification and standards to ensure products/services meet US requirements.
* Engage with trade support: Tap into local export advice and support through Business Gateway Growth Hub or UK’s Department for Business and Trade.
