Chamber reports strong uptake to export support scheme

East Midlands Chamber has reported strong uptake for new support designed to help businesses develop overseas trade plans and explore new markets.

So far 227 businesses have signed up to the Export Accelerator project since its launch in the spring.

Delivered by the chamber on behalf of the East Midlands Combined County Authority, the project supports businesses in Derbyshire and Nottinghamshire in navigating the complexities of international trade, whether that be undertaking initial research or launching a product or service to a new overseas market.

The project has received £454,000 from the Government through the UK Shared Prosperity Fund and provides specialist adviser support, training and grants to businesses.

Diane Beresford, the chamber’s deputy chief executive, said: “At a time when pressure is relentlessly heaped on exporters, with overseas trade costly, time consuming and often requiring reams of paperwork, we’re delighted to offer vital support to East Midlands businesses wishing to trade overseas, through the Export Accelerator project.

“The chamber’s latest Quarterly Economic Survey for the East Midlands revealed a 10% drop in overseas sales and 3% in orders, which really underlines the extent of the challenges when exporting overseas so it’s no surprise that take-up of the Export Accelerator grants and training bursaries has been so high.”

Claire Ward, Mayor of the East Midlands, said: “This support will enable more businesses in Nottinghamshire and Derbyshire to expand into global markets by exporting their products and services.

“Growing our local economy and supporting local businesses in manufacturing, renewable energy, technology, as well as the creative and digital industries will work towards our shared goal of making the East Midlands the best region to live, work and learn.”

To register for Export Accelerator visit https://forms.office.com/Pages/ResponsePage.aspx?id=be02r_yxIEq3g6ApmhSPvUXQXMqEXHpFiR312GqX639UODdaV0JDR05OQTVRSzk3RDlCUkxYNkM1QS4u.