A new £20,000 grant has been launched by FedEx Express, a subsidiary of the shipping giant, to help UK SMEs go global.
The Small Business Grant aims to help SMEs across the UK realise their international potential by providing a platform to go global and expand their horizons.
Martin Davidian Managing Director, Sales, UK North and Ireland, FedEx Express and TNT, said: “Small and medium businesses are the backbone of the economy and in order to help fast-track their growth, more often than not a ‘boost’ is required in terms of funding. Gaining access to funding is no simple task and for SMEs it can be increasingly challenging
“The SME market has dynamic companies which have huge potential for growth and development and at FedEx, we want to help them evolve, to have access to more possibilities, to become more competitive and to better support their international endeavours.”
Entries are open from 17 October until 28 November. SMEs selected as finalists will be asked to provide further details of their plans to go global, including showcasing their strategic vision for the future from business growth and international achievements and highlighting their ethical standards, to a panel of local business experts.
To enter the Small Business Grant, SME owners must register online and showcase their international ambitions and future business success for the judges’ consideration.
The competition winner and runner up will be announced on 24 January 2019. Two tiers of grants will be awarded in UK: a grand prize of £20,000 and a runner up prize of £10,000.