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Meet the team behind the Bristol Initiative & introducing our new Membership Executive

The Bristol Initiative is more than just a network - it’s a community of over 140 business leaders dedicated to shaping a better future for the West of England. From driving sustainable growth to tackling deprivation and improving transport, education, and skills, the Initiative is at the heart of positive change in our region. But who are the people behind this work?

Anonymous Author

9 June, 2025

Business West

When does a Letter of Credit make sense for your export business?

Expanding into a new international market can be exciting, but it often comes with a fair bit of financial uncertainty. If you’re an exporter, getting paid on time (or at all) is non-negotiable. You’ve shipped the goods, followed the contract, and now the final step – payment – needs to happen smoothly. But what if your buyer is unfamiliar, the market is considered risky, or you've been stung before by late or missing payments? This is where a Letter of Credit (LC) can be a useful tool to consider. Letters of Credit have been a trusted document in international trade for decades, and for good reason. They offer exporters a level of protection and certainty, particularly when trust is still being built or cash flow needs to be predictable. Yet many businesses may not be aware of them or don’t realise just how versatile and accessible they can be.

Fiona Parsons

4 June, 2025

Business West

BCC Press Release: UK spared new US tariffs

Responding to confirmation that new US tariffs on steel and aluminium should not affect UK exports, William Bain, the BCC’s Head of Trade Policy, said: “UK firms exporting steel or aluminium goods to the US will be relieved that tariffs will not double today. They now at least have clarity that duty rates will remain the same until 9 July. “By it is critical that the US and UK governments deliver on the commitments made in the Economic Prosperity Deal (EPD) to ensure long term certainty. That would mean the removal of tariffs on UK exports of steel and aluminium, and for all derivative products like cutlery, cans, nuts and screws to be exempt as well. “With many other nations now facing up to punitive 50% levies, this shows why negotiation was the right response. UK businesses should now be in pole position with one of our two top export markets. “However, the continually shifting sands around tariffs are creating more uncertainty for businesses globally and weighing heavily on growth. The BCC’s latest economic forecast predicts just a 1.1% increase in UK GDP for 2025, and much of this was generated in the trading frenzy before tariffs rose. “So, we must not stop here. We want to see implementation of the EPD just as quickly on cars and automotive parts. Firms across many other goods sectors are also still facing a 10% tariff. We must use the foundations of our current agreement to deliver tariff relief to all parts of the economy.”

Fiona Parsons

4 June, 2025

Business West