16 December 2021
New DIT Trade Show programme
The Department for International Trade (DIT) launched its ‘Made in the UK, Sold to the World’ campaign on the 17th November 2021. BFM was in attendance at the launch. The campaign is designed to help businesses across the UK double exports and sell their products around the globe. This campaign includes an ambitious export strategy from the government to hit 1 trillion pounds in exports by the end of the decade by ‘seizing huge untapped opportunities on offer in the world’s fast-growing markets’.
The 12-point export strategy included the launch of the UK Tradeshow Programme which is presented as being better-tailored to help businesses, particularly those outside London and the South East, to attend and promote their products around the world, as well as an Export Support Service that offers a one-stop shop for exporting advice.
The DIT will also be expanding its Export Academy – launched in October – to now include Scotland, Wales and Northern Ireland. The academy will invite owners and managers of SMEs to access masterclasses, roundtables and networking events that help them overcome common challenges first-time exporters face.
In addition, the UK Export Finance credit agency will expand its offer to business with new products and a wider delivery network that will make it easier for UK exporters to secure business from overseas buyers as government secures new ambitious trade deals around the world
Initially, the UKTP will be operated as a pilot to allow the government to work with businesses to assess different approaches to encouraging UK-based SME’s to participate at overseas trade shows, through training and offering grants up to £4,000 towards exhibition costs, recognizing that businesses are at different points on their exporting journey. Some are already successful exporters but want to sell more products or reach new markets. Others are yet to take the leap and export for the first time.
The eligibility requirements for applicants to receive support to exhibit at a tradeshow supported by the UKTP which can be accessed here.