Department for International Trade written question – answered on 30 May 2022.
Gareth Thomas
Shadow Minister (International Trade)
To ask the Secretary of State for International Trade, if she will provide details of her Department’s export support programmes providing financial assistance that are available to British businesses; and what the cost of each of those programmes is in the financial year (a) 2022-23 and (b) 2023-24.
Mike Freer
Assistant Whip, Parliamentary Under-Secretary (Department for International Trade), Parliamentary Under Secretary of State (Foreign, Commonwealth and Development Office) (Minister for Equalities)
Our refreshed Export Strategy includes financial support for exporters. Launched December 2020, the Internationalisation Fund provides co-investment to high internationalisation growth potential small and medium-sized enterprises (SMEs), using European Regional Development Funding available until March 2023. Financial support is also available to eligible businesses wishing to attend or exhibit at Tradeshows through the UK Tradeshow Programme pilot operating until March 2023. In the music sector, The Music Export Growth Scheme and International Showcase Fund support independent music SMEs to take steps internationally.
Indicative expenditure, subject to internal business planning and HMT approval, in the 22/23 and 23/24 financial years is in the table below:
| Indicative spend 22/23 (£) | Indicative spend 23/24 (£) |
Internationalisation Fund | 30,000,000 | |
UK Tradeshow Programme | 1,250,000 | TBC |
Music Export Growth Scheme | 500,000 | 500,000 |
International Showcase Fund | 40,000 | 40,000 |
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