Below is an update from the Department for International Trade aimed at the legal Sector.
We are pleased to share new details of a full FinTech Mission to Canada as part of the Northern Powerhouse FinTech Mission Programme .The mission includes opportunities to meet and pitch to potential clients/customers, insights from expert speakers in the Fintech landscape, support from DIT UK and Canada and networking with other FinTech companies. Click here for details on the FinTech Mission to Canada.
From 14th December 2020, we have been able to provide grants to companies through the European Structural and Investment Fund programme . If you identify any projects that would help internationalise the business, please let me know and we can discuss applying in more detail. To recap, our grants can support £9,000 of a project cost on a 50%/50% basis ( matched funding programme minimum of £1,000 maximum £9,000 ) – see attached flyer for further detail.
Eligible expenditure: Advice from third party private sector experts to help SMEs prepare for international trade, which may include:- market research, market selection and entry advice, advice on Intellectual Property Rights, cross cultural negotiation support and standards, translation and cultural advice, international trade legal advice, PR support, international social media and search engine optimisation, international marketing, routes to market/agency advice, overseas business environment, and due diligence. Also supports SME participation in Trade Fairs, Missions and market development visits . Ineligible expenditure: production/operational costs, direct subsidies, routine expenditure, capital costs, salary/employment costs, purchase of assets.
Grant funding available via new fund for eligible businesses in England
What is the fund?
The Department for International Trade has launched its new Internationalisation Fund for eligible businesses in England. The fund is designed to support businesses looking to grow their international trade.
SME’s can apply for match-funded grants of between £1,000 and £9,000 which will be available for proposed future activities (subject to eligibility). To secure a grant, the business will need to fund a proportion of the costs itself.
This varies according to where your business is based and will be 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.
The fund can be used to support areas including but not limited to:
• Market Research
• Translation/Cultural Advice
• Social Media and SEO
• Participation in trade shows
• Market development
• Routes to Market
• Overseas Business Environment/Due Diligence
How to Apply:
Contact your International Trade Adviser or our customer services team on:
T: 0333 320 0392
An International Trade Adviser will:
• Check your eligibility
• Provide more details about the fund
• Discuss your project and support your company to make the application
SME Brexit Fund
The SME Brexit Support Fund could give a company up to £2,000 to help with training or professional advice, if the business has up to 500 employees and no more than £100 million annual turnover. They can use the grant for training on:
• how to complete customs declarations
• how to manage customs processes and use customs software and systems
• specific import and export related aspects including VAT, excise and rules of origin
It can be used to help you get professional advice so the business can meet its customs, excise, import VAT or safety and security declaration requirements.
Applications are handled by PWC and will close on 30 June 2021 or earlier if all funding is allocated before this date. Apply for this grant here
For enquiries about any of the above, please contact
Louise Cross , International Trade Advisor, Department for International Trade North West, Lee House, 90 Great Bridgewater St, Manchester M1 5JW
Tel: +44 (0) 333 320 0392 | Mob: 07741 072023