Government launches Export Growth Plan to help businesses in England build back better following the pandemic. This new plan will include:
£38 million Internationalisation Fund available for Small and Medium-sized Enterprises.
DIT introduces 64 new International Trade Advisors and an Export Academy in the Northern Powerhouse, Midlands Engine and the South West region.
New policies will allow businesses to grow their overseas trade to help them recover
The Department for International Trade’s (DIT) Export Growth Plan provides additional financial support and expertise, some of which is targeted towards specific regions that are most in need.
The plan includes a £38 million Internationalisation Fund for small businesses, which will help up to 7,600 SMEs in England grow their overseas trading and strengthen their business.
Additional support for exporters will be provided by 64 new International Trade Advisors (ITAs), many of them working closely with Local Enterprise Partnerships (LEPs), who will lend their expertise to small businesses in the Northern Powerhouse, Midlands Engine and South West.
A new pilot Export Academy will also be introduced to support smaller businesses in the same areas. The Academy will deliver a series of activities to build the capabilities of smaller companies, creating a new cohort of confident businesses ready to trade.
Greater Manchester Chamber of Commerce works very closely with the DIT North West team and we understand more detailed information will be released in the coming weeks. If you are interested in receiving further information about the grants that will be available and the scope on how your business will be able to use these, please email us at exportbritain@gmchamber.co.uk and we will introduce you to the team.
For more information about the launch of this new funding support, please visit the UK Gov website
