Business, Enterprise and Regulatory Reform written question – answered at on 12 January 2009.
To ask the Minister of State, Department for Business, Enterprise and Regulatory Reform what steps UK Trade and Investment takes to ensure that overseas regional trade missions are properly co-ordinated and that the funding is equitable for similar companies.
UK Trade and Investment makes funding available to its regional teams for Market Visit Support (MVS) by small and medium-sized enterprises (SMEs).
MVS enables companies to be supported individually or in groups in the form of a trade mission. Companies from one region can participate in visits organised by another region. All regions work to the same set of guidance. Where MVS funding is to support a visit to market, it is based on a specific subsidy for each overseas market.
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