The Department for International Trade (DIT) has launched its ‘Export Growth Plan,’ which will provide additional financial support and expertise to help boost overseas activity for businesses.
Some of the plan is targeted towards companies based in Chesterfield and Derbyshire, including:
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 products and services and Inco terms.
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.
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).
They are now accepting expressions of interest so that as soon as the fund is made available they can include you. 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.
1:1 consultations with an International Trade Adviser
DIT is offering a 30 minute 1:1 video or telephone consultation with an International Trade Adviser. If a business is experiencing issues in relation to international trade we are here to help.
Ian Harrison, Department for International Trade’s Head of Exports for Midlands said: “The Department’s recently launched Export Growth Plan will have a big impact across our region. Importantly, it will allow businesses in Chesterfield 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.”
You can find out more about what’s available here.