Business and Innovation Projects. Funding. News - 02 November 2020

Financial support and expertise to boost overseas trading

A package of measures to help businesses in England build back better following the pandemic has been announced by the Government.

The Department for International Trade’s (DIT) Export Growth Plan provides additional financial support and expertise, some of which is targeted towards Derbyshire and Nottinghamshire based businesses.

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 Advisers (ITAs), many of them working closely with Local Enterprise Partnerships (LEPs), who will lend their expertise to small businesses in the Midlands Engine, Northern Powerhouse and South West.

Head of Exports at DIT for the Midlands region, Ian Harrison said, “The Department’s recently launched Export Growth Plan will have a big impact across our region. Importantly, it will allow businesses in Derbyshire and Nottinghamshire to grow their overseas trade and help them recover from the economic impact of coronavirus. This package of measures will ensure Midlands companies are supported from the start, with more funding, more Trade Advisers and the establishment of the Export Academy to help businesses build back better.”

Internationalisation Fund

DIT is soon to release grants to help companies that have significant potential to grow their international sales. Match-funded grants of between £1,000 and £9,000 will be available for future activity for Derbyshire and Nottinghamshire businesses (subject to eligibility and availability).

DIT are now accepting expressions of interest so that as soon as the fund is made available, we can include businesses which have applied. The grants could cover the following areas:

  • Internationalising a website
  • Procuring translation services
  • International consultancy
  • International legal advice
  • International IP advice
  • Independent market visits or attendance at non TAP trade fairs.

Businesses looking for support can find out more here.

1:1 consultation with an International Trade Adviser.

DIT is offering 30 mins 1:1 video or telephone consultations with an experienced International Trade Adviser. If a business is experiencing issues in relation to international trade the DIT are here to help.

For details see here.

The Export Academy

Launched on 16 October 2020, The Export Academy is designed for owners and senior managers of businesses with a turnover of up to £500,000 to help build capabilities and confidence to trade internationally; and to overcome the challenges that businesses may face when they start to export.

Businesses can pick and mix which modules they would like to attend to find out how to understand customs procedures, export controls and documentation, getting paid, how to research international markets, pricing and distribution, export procedures, exporting goods and services and Incoterms.

Structured around free one-hour webinars, round tables and mentoring sessions, the Academy will give small and micro-businesses the opportunity to complete an export action plan, enabling you to take your business direct to international customers.

For details see here.

If you would like to find out more about the initiatives outlined above, please contact: Kerry Bailey, International Trade Adviser, D2N2, kerry.bailey@mobile.trade.gov.uk or call 07867 154 333.

Keep up to date with all the latest news from D2N2 by signing up to our Newsletter.

Latest News & Events

19 July 2024

Local business support boosted with launch of Early Stage Angel Investment Fund

Read Article

21 June 2024

Spotlight on our Board: Scott Knowles, Chief Executive, East Midlands Chamber, on the D2N2 LEP transition and East Midlands devolution

Read Article

11 June 2024

The D2N2 LEP staff team joins the East Midlands Combined County Authority (EMCCA)

Read Article

07 June 2024

Becky Rix, Marketing Director at Roadgas, explains why Roadgas is a proud member of the East Midlands Hydrogen Consortium

Read Article

05 June 2024

Spotlight on our Board: D2N2 LEP Board Member Natasha Johnson, Director of Partnerships at Global Entrepreneurs UK

Read Article

05 June 2024

Free Expert Business Advice and Support available through East Midlands Chamber’s Accelerator Programme

Read Article

03 June 2024

Spotlight on our Board: D2N2 LEP Board Member Professor Edward Peck CBE, Vice-Chancellor and President, Nottingham Trent University

Read Article

24 May 2024

Focus on the East Midlands: our time is NOW!

Read Article

24 May 2024

D2N2 LEP CEO, Will Morlidge, shares our East Midlands Hydrogen ambitions at UKREiiF

Read Article

24 May 2024

East Midlands Freeport and Freeport East Sign Green Freight Corridor Initiative at UKREiiF

Read Article

Get in touch.

Subscribe to our newsletter

Sign up
Address

D2N2 Local Enterprise Partnership
8 Experian Way
Nottingham
Nottinghamshire
NG2 1EP

Social

Our Partners