North West businesses are being urged to take advantage of match-funded grants to help grow their international trade.
The Department for International Trade (DIT)’s Internationalisation Fund offers eligible businesses match-funded grants of £1,000-£9,000 for future activity to develop international markets.
The fund, which is supported by the European Regional Development Fund (ERDF) can be used to support a market research, translation services, market visits and several other areas of market development.
Speaking at a recent international trade conference organised by Lancashire Business View magazine, Bobbie Charleston Price, international trade team leader at the DiT, urged North West SMEs in all sectors looking to increase their exporting potential to apply to the fund.
She told the conference: “If business believe they have got a product or service that will be of interest to international markets we want to talk to them.”
The funding can be used for help with a range of issues, including market research, IP advice, translation services, international social media and SEO work, trade fairs, independent market visits and consultancy.
As well as the money, the scheme will introduce businesses to a network of support, including DiT’s international trade advisors, who worked with companies to develop international action plans.
The scheme is already supporting North West businesses, but it is still available for firms based across the region, with a closing date of March 2023 for applications. For more information email firstname.lastname@example.org
An International Trade Adviser will:
• Check your eligibility
• Provide more details about the fund
• Discuss your project and support your company to make the application
The fund can be used to support areas including (but not exclusively limited to):
• Market research
• Intellectual Property advice
• Translation services
• International social media/SEO
• Trade fairs
• Independent market visits
• Consultancy and other international commercial services
Is your business eligible?
The company must be based in England and must be a small or medium sized enterprise (SME) with up to 250 employees.
No more than 25 per cent of the business is owned by an enterprise which is not an SME.
Annual turnover does not exceed €50 million or annual balance sheet does not exceed €43 million.