A MANUFACTURER says it intends to break into new international markets after Brexit.
Fareham-based Barnbrook Systems says it plans to capitalise on support being offered to exporters after Britain’s departure from the European Union comes into full effect after December 31.
The family company, which employs 45 people designing and making electro-mechanical switching devices, says it has built strong trading relationships cross Europe and the world over many years, including in Italy, India and Asia.
The Department for International Trade has is offering help to exporters after the end of the Brexit transition period, with no free trade agreement reached so far with the Eurepean Union.
Managing director Tony Barnett said: “The UK’s re-emergence as an independent trading nation will bring great opportunities as well as challenges.
“We intend to use the expertise and expertise which we have built up over many years to navigate the new landscape and develop as many trading relationships as possible.
“Irrespective of whether the UK signs a free trade deal with the EU or not, there will be opportunities for British firms worldwide.
“International trade may seem daunting to first time or new exporters but I would encourage them to seize any support on offer from the business organisations and the government to help them succeed.”
The company, based in Fareham Park Road, makes devices such as fuel switches, fire suppression system actuators and brake controllers for more than 200 clients worldwide.
It is a member of the aerospace industry group Farnborough Air Consortium.
It has won a string of awards including National Passenger Safety at the UK Rail Industry Awards, Supplier of the Year at the Light Rail Industry Awards, Innovation of the Year at the Solent Business Awards and Best Use of Technology at the South Coast Business Awards.
It will remain open during the second lockdown as it did during the first one earlier this year.
The UK government recently signed a post-Brexit trade deal with Japan, covering such sectors as digital and data, financial services, food and drink, and creative industries.
Hampshire’s economic output totals £50billion, according to Business Hampshire, the economic development service for Hampshire County Council. Around 38 per cent of that – approximately £19bn – is exported.