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    Grant funding still available for SMEs looking to grow their international trade

    The Department of International Trade (DIT) is reminding businesses of the availability of the Internationalisation Fund (for those that are eligible).  Lancashire-based SMEs are being encouraged to take advantage of the grant funding to aid international growth aspirations.

    What is the Internationalisation Fund?

    Launched in 2020, and running until March 2023, the Internationalisation Fund offers match-funded grants of between £1,000 and £9,000 which will be available for proposed future activities. To secure a grant, the business will need to fund a proportion of the fees itself, limited to up to 50% of the total cost.

    Funding is subject to availability within your region and will be prioritised for businesses who can demonstrate they have high export potential.

    What is the eligible activity?

    The fund can be used to support areas including, but not limited to:

    • PR
    • Market research
    • Consultancy on IPR
    • Translation / cultural advice
    • Social media and SEO
    • Participation in trade shows
    • Market development including visits
    • Routes to market
    • Overseas business environment / due diligence

    Is your business able to apply?

    In order to apply, companies must:

    • be based in England
    • be a small or medium sized enterprise (SME) with up to 250 employees
    • have annual turnover which does not exceed €50 million or an annual balance sheet which does not exceed €43 million
    • have no more than 25% of capital or voting rights owned by another company or companies if the collective total of the ownership group exceeds the threshold
    • own no more than 25% of another company or companies if the collective total of the ownership group exceeds the threshold outlined above

     

    It’s easy to apply. Register your interest with an International Trade Adviser who will check your eligibility, provide more details about the fund, and discuss your project whilst supporting you with the application. Find your local trade office to get started by clicking here.

    Get in touch

    If you would like more information about the Internationalisation Fund in more detail, or would like to discuss how it could benefit your business, get in touch with your usual PM+M adviser, or contact enquiries@pmm.co.uk.

    Delighted to announce PM+M’s sponsorship of East Lancashire Chamber of Commerce’s International Trade Club

    We are delighted to announce our sponsorship of East Lancashire Chamber of Commerce’s International Trade Club.

    The sponsorship commitment recognises the mutually compatible services and expertise which the two organisations can bring to businesses located within Lancashire.

    The deal builds on PM+M’s existing close relationship with the Chamber having delivered various seminars and workshops to them and their members.

    The International Trade Club meets five times per year on an informal basis for members to share their experiences with fellow exporters and importers and develop their knowledge of international trade matters. Guest speakers give an insight into important aspects of international trade and current issues.

    Mandy Lockett, International Business Director of the Chamber commented: “We have an amazing cross section of member companies successfully engaged in International Trade activities around the world and we are delighted to welcome PM+M who have signed a sponsorship deal with the club and will prove an invaluable source of professional guidance to our members”.

    The East Lancashire International Trade Club (formerly the East Lancs Export Club) is the oldest established International Trade Club in the country, has over 120 members and is managed by the International Trade Team of the East Lancashire Chamber of Commerce.