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Funding opportunities for International Trade

8 March 2021

If you are trading internationally or looking to trade internationally there is government funding available to support  international activities via the two following schemes.  

 

Internationalisation Fund (ESIF)

The Department for International Trade has launched its new Internationalisation Fund for eligible businesses in England.

Match-funded grants of between £1,000 and £9,000 will be available for future activity (subject to eligibility and availability). Please note this is not a replacement of the TAP funding, although TAP funding is yet to be confirmed for the 2021/2022 fiscal year, we are advising companies who are no longer eligible for TAP or wish to receive funding for a show that is not currently TAP supported to enquire how the Internationalisation Fund can support their business.

To secure a grant, you will need to fund a proportion of your costs yourself. This varies according to where your business is based and will be either 40 or 50% of the total cost. Please note this funding is not available for businesses located in the region of Cornwall, however there is an alternative fund for those businesses.

The fund can be used to support areas including (but not exclusively limited to):

 

  • Market research
  • IP advice
  • Translation services
  • International social media/SEO
  • Trade fairs (where no TAP funding is available)
  • Independent market visits
  • Consultancy and other international commercial services

Is your business eligible?

 

  • The company must be based in England
  • The company must be a small or medium sized enterprise (SME) with up to 250 employees
  • No more than 25% of the business is owned by an enterprise which is not a SME
  • Annual turnover does not exceed €50 million or annual balance sheet does not exceed €43 million

BJGI work closely with many International Trade Advisors who have worked with businesses in our sector and submitted applications on their behalf to secure the above fund, should you wish to discuss this in further detail, please  get in touch with Taran on the contact details below.

SME Brexit Support Fund

The government recently introduced a support fund for small to medium businesses who have become new importers or exporters as a result of the UK departing the European Union. The applications are yet to go live, we will notify all members once you are able to submit an application. BJGI has partnered with its expert consultant who is an approved provider to deliver training for the SME Brexit support fund, and will provide customised workshops on the areas mentioned below.   

The SME Brexit Support Fund could give you up to £2,000 to help with training or professional advice, if your business has up to 500 employees and no more than £100 million annual turnover.

What you’ll be able to use the grant for

You 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 your business can meet its customs, excise, import VAT or safety and security declaration requirements.

Who will be able to apply

Your business must:

 

  • be established in the UK
  • have been established in the UK for at least 12 months before submitting the application, or currently hold Authorised Economic Operator status
  • not have previously failed to meet its tax or customs obligations
  • have no more than 500 employees
  • have no more than £100 million turnover
  • import or export goods between Great Britain and the EU, or moves goods between Great Britain and Northern Ireland

Your business must also either:

 

  • complete (or intend to complete) import or export declarations internally for its own goods
  • use someone else to complete import or export declarations but requires additional capability internally to effectively import or export (such as advice on rules of origin or advice on dealing with a supply chain)

Should you wish to discuss the funding opportunities above in further detail, please do get in touch with Taran at Taran.sahota@batf.uk.com or 0121 237 1114.

 

 

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