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Exports: Government Assistance

Question for Department for International Trade

UIN 5318, tabled on 19 May 2022

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.

Answered on

30 May 2022

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

TBC

UK Tradeshow Programme

1,250,000

TBC

Music Export Growth Scheme

500,000

500,000

International Showcase Fund

40,000

40,000