Trade Promotion: Finance

(asked on 1st February 2022) - View Source

Question to the Department for International Trade:

To ask the Secretary of State for International Trade, how much funding the Government has allocated to the (a) Internationalisation Fund and (b) UK Tradeshow Access Programme in (i) 2022 and (ii) each of the next three years; and if she will make a statement.


Answered by
Mike Freer Portrait
Mike Freer
Parliamentary Under-Secretary (Ministry of Justice)
This question was answered on 9th February 2022

During the current financial year of 21/22, £15.3m has been awarded to small and medium-sized enterprises (SMEs) who have applied to the ERDF Internationalisation Fund. A further £16.0m of funding is available until the programme closes at the end of March 2023.

The Exhibit element of the UK Tradeshow Programme was launched on 30th November 2021 and a budget of £1.5m up to the end of March 2022 has been allocated. The Department for International Trade is currently undergoing a Business Planning process so the budget allocation for 2022-23 has not yet been finalised.

Proposals to support to SMEs to export from 2023-24 are being developed.

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