Internationalisation Fund
Now open to Applications from SMEs
From Monday 14 December 2020 SMEs have been able to apply for co-investment funding from DIT’s new Internationalisation Fund using European Regional Development Funding (ERDF). Companies will be given details of how to apply by their DIT International Trade Adviser (ITA) once they have agreed an export action plan which sets out the proposed activity as a key element to growing their business through international trade.
On 16 October 2020 DIT Ministers announced, as part of the Government’s Export Growth Plan to help businesses in England build back better following the pandemic, a £38 million Internationalisation Fund for small businesses, which will help up to 7,600 SMEs in England grow their overseas trading and strengthen their business.
Who can receive funding?
SME’s in England1 with the following characteristics:
Who can receive funding?
How can SMEs apply?
SMEs should initially contact Government’s Export Growth Plan and discuss their plans with an adviser and agree an export action plan. If support from the Internationalisation Fund may be appropriate, the DIT adviser will give the company further information on how to apply.