Additional Funding to Help UK SMEs Export

Additional Funding to Help UK SMEs Export


£13 million of funding has been awarded by the Government to help 10,000 more British firms export.


The funds will go to UK Trade & Investment (UKTI) to help more companies make contacts and sell to overseas markets.
 

The majority of the investment – up to £9 million – will go directly towards boosting trade opportunities for small and medium sized businesses (SMEs).


This additional funding for SMEs means:
 

• There will be more money available for SMEs to attend trade shows abroad through expanding the Tradeshow Access Programme.
• Substantial discounts will be offered on the Overseas Market Introduction Service (OMIS), which provides targeted market research to help businesses find those crucial first contacts overseas and to help them develop relationships in new, fast-growing markets.
• There will be increased support available for travel on overseas trade missions.
 

In addition, £2.5 million will be invested in helping firms access and win some of the many high-value opportunities that UKTI has identified globally.
 

A further £1.5 million will be used for projects including support for UKTI’s work attracting vital inward investment into our economy.

http://www.ukti.gov.uk/uktihome/media/item/380760.html

Peter Manning
Peter Manning

Head of Essex International

+44 (0) 7907 025 155

Biography

Extensive 'in market' experience in China, India and the UK. 15 years in the fields of inward investment, international trade, international realtionships and business development. His experience of helping UK and Chinese businesses, universities and governments do business together has given Peter detailed knowledge of how to do business in China and a wide range of contacts. Peter has an MBA from Henley Business School (Reading University), and was awarded an OBE in 2019 in the New Year’s Honours List for UK/China Relations.