The Institute of Export & International Trade (IOE&IT) has launched a £5m Export Support Package to help hundreds of UK businesses accelerate their journey into international trade. The announcement coincides with the UN’s World MSME Day (micro, small and medium sized enterprises) and aligns with the theme ‘building a stronger future together’.
The Programme
Businesses applying to the Export Support Package will receive a bespoke package of training and consultancy services to reflect their particular circumstances and needs.
The information provided will enable IOE&IT’s team to match the business with the right trade experts to advise and support them on their exporting journey.
The importance of MSMEs globally can’t be underestimated, as they account for over 90% of firms worldwide, yet contribute than half of the volume of international trade. In the UK this figure is even more pronounced. Of 5.5 million businesses registered, 99.9% of these are classified as MSMEs and fewer than 10% of them export.
Limited access to information has been identified as a significant barrier preventing MSMEs from engaging with international partners.
The package is strictly available on a one-per-business basis and any UK MSME can apply to access the fund. Over the duration of the Export Support Package, IOE&IT intends to help up to 1,250 businesses.
Due to the bespoke nature and design of the package, companies will be onboarded in tranches over a 12-month period. Tranches will be designated at the point of registration.
To express your interest in the Export Support Package, apply here.
