The Government has recently provided £13 million in new funding to help UK Trade and Investment (UKTI) achieve its aim of doubling UK exports to £1 trillion by 2020.
This injection of funds is expected to enable an additional 10,000 UK businesses to export to overseas markets. Approximately £9 million of the total investment is likely to be channelled into boosting trade opportunities for country’s small and medium-sized businesses (SMEs).
A proportion of the new funds will be used to expand the Tradeshow Access Programme, making it easier for SMEs to attend trade shows overseas. The money will also support the Overseas Market Introduction Service (OMIS), which provides targeted market research to help businesses find those crucial first contacts and to encourage them to develop relationships in new, fast-growing markets.
Additionally, £2.5 million will be invested in helping firms access and win some high-vallue opportunities that UKTI has identified globally. A further £1.5 million will be used to support UKTO’s work attracting inward investment in the UK economy.
UKTI is hosting Export Week from 12-16th November, comprising more than a hundred events taking place throughout the country, designed to encourage SMEs to consider the benefits of branching out into overseas trade.
For more information about the UKTI’s suppport for new and existing businesses interested in exporting please visit: http://www.ukti.gov.uk/export.html?guid=none
Source: UKTI, 28/09/2012