Prestige Network are pleased that the importance of language skills was raised by the chancellor George Osborne in this week’s budget. Osborne announced that the government would be doubling the amount of credit available through UK Trade & Investment (UKTI) to support foreign sales. He also announced plans to double the tax allowance for investments which will again help to boost overseas trade.
The ATC (Association of Translation Companies) stated that there is a danger that UK companies are not taking the necessary steps to develop the language services they need to succeed in overseas markets and that they will be left behind by rivals.
Many UK companies assume their overseas customer will speak English and only one in five businesses feel that foreign language skills are relevant when building a relationship with a foreign company. This is something that the government wants to address.
As a member of the ATC, Prestige Network understands and agrees that that foreign language ability is essential for UK companies to work effectively with overseas clients. At Prestige Network we are in a great position to support UK exporters, our skilled workforce is able to provide translating and interpreting services in over 200 languages to companies right across the UK.