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To ask the Secretary of State for Business, Innovation and Skills what processes his Department uses to monitor the increase in UK exports following trade missions and delegations.
Evidence about the financial benefits generated by UKTI trade services is gathered quarterly through the performance and impact monitoring survey (PIMS) carried out by an independent market research company specialising in business surveys. Quarterly results are published on the UKTI website at:
The UKTI annual report and accounts (annex C) provides a short overview to PIMS at:
PIMS measures additional sales and the business benefits derived as a result of the support provided. These measures recognise that export activity is not an end in itself, but benefits businesses and the UK economy through enabling companies to improve their performance and achieve stronger growth than would otherwise be possible.
In addition to the evidence from PIMS, estimates of the impact of UKTI trade services are obtained through a rolling programme of independent evaluations of particular trade services. These evaluations use a range of alternative techniques in order to derive estimates of the magnitude of the impact of trade services on businesses and other measures of performance
UKTI recently commissioned an evaluation of all its events (which include trade missions), the results of which will be published in the next few months on the website.