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Internationalisation Fund; co-investment funding for SMEs

Posted 2022-04-04 10:04:10 by

The Department for International Trade (DIT) has launched a new Internationalisation Fund (IF) for eligible SMEs based in England.

The Internationalisation Fund provides match-funded grants between £1,000 and £9,000 to use for future business activities (subject to eligibility and availability) aimed at helping SMEs grow in new international markets. 

These grants are available for a limited time and in high demand. To be both eligible and suitable for the fund, your business must meet the following criteria:

  • Be registered in the UK and based in England
  • Be a Small or Medium-sized Enterprise (SME) with up to 250 employees, an annual turnover of less than €50 million or an annual balance sheet not exceeding €43 million
  • No more than 25% of the business is owned by an enterprise that is not an SME
  • Have not received more than €200,000 in public funds over the last three fiscal years
  • Have £500k in sales\turnover (desirable, not mandatory)
  • Have international high growth potential with a product or service suitable for export into a new market
  • Have an interest in using the funding for eligible export growth activities

For more information please click here.