Exporting is good for business - fact. Companies that are active exporters are likely to be bigger and more productive than their competitors, with those looking to expand into new markets also able to take advantage of opportunities to increase profits and build new levels of agility and flexibility.
The North West is home to around 6,000 exporters, who in the last 12 months secured export sales in excess of £343 million in over 115 global markets. But this opportunity remains untapped for the majority of businesses.
The £9.5m Greater Manchester Export Fund (GMEF) has been secured by the Manchester Growth Company to give you the foundation you need to grow your business through export sales and as a result, we aim to create or safeguard 1,000 jobs in Greater Manchester and leverage £35m in private sector investment.
GMEF provides loans or grants up to the value of £500,000 to help you to start to export or grow your existing international sales. The £7m grant fund can help you to take the first step in securing new or growing existing international trade agreements through investment in market intelligence and R&D as well as machinery and building improvements. The £2m short term loan funds can help you to free up working capital in order to invest in exporting and secure private sector funding.
To apply for a grant or loan, complete an Expression of Interest form and one of our specialists will be in touch to discuss your business plan. They’ll also be on hand throughout the application process to offer support and guidance.
The grant fund provides capital investment to support you to grow through export-led projects. The grant is available for up to a maximum of £500,000 and will provide funding towards capital equipment, product development, skills, training and international consultancy outgoings.READ MORE
The loan fund will provide short-term loans of up to £500,000 to enable small and medium businesses fulfil export orders. Support is targeted at businesses which cannot access export finance from other sources due to their lack of export history, small scale or perceived high-level of risk.READ MORE