The East Midlands Chamber has launched an Export Accelerator initiative, aimed at helping businesses in Derbyshire and Nottinghamshire explore international markets. The project, which has already seen 227 companies register since its spring debut, is designed to assist businesses in overcoming the complexities of global trade, from research to product launches abroad.
Funded by a £454,000 contribution from the UK Shared Prosperity Fund, the programme provides expert consultancy, training, and grants for businesses. The initiative includes up to £8,000 in grant funding to cover the cost of services like specialist consultancy, attending overseas trade shows, and equipment. Additionally, businesses can apply for a £2,000 bursary to attend international trade training courses, including the BCC-Accredited International Trade Operations and Procedures qualification.
Participants also gain access to the newly formed East Midlands International Trade Network, offering bi-monthly forums, expert support, and opportunities for businesses to collaborate and share insights. The first two forums will take place in Nottingham and Bolsover in late September.
The initiative comes at a time when overseas trade is facing increasing challenges, with a reported 10% decrease in overseas sales and a 3% drop in orders, according to the Chamber’s latest economic survey. As trade costs and paperwork escalate, the Export Accelerator offers crucial support to businesses looking to expand beyond the UK.
To sign up, businesses can complete a Registration Form and receive guidance from an Export Accelerator adviser. The Chamber also lists its international trade training courses on its website, where eligible businesses can apply for funding to attend.
