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Unlock New Horizons: The Growth Hub Offers Export Grants from £2,500 to Fuel Business Expansion Abroad

The Growth Hub is offering grant opportunities from £2,500 to £20,000 for businesses looking to take the next step into overseas export.

The Growth Hub have announced they are now taking direct applications for export grants, which can help fund activity such as growing overseas trade, finding new markets and supporting local employment. 

The £459,000 funding pot is aimed at businesses in Cornwall and the Isles of Scilly who do not currently export overseas, or businesses who are looking to target a brand-new market for their product or service.

The grant could help fund attendance at trade fairs or exhibitions, including costs for travel and accommodation and the transportation of products and equipment.

Other activity includes grants for consultancy related to export market research or strategy to prior to entering a new export market. In the first year of Growth Hub funding unlocked £45,000 of investment that also included translations of websites and documentation for specific overseas audiences.

Kirsty Miles-Musgrave, Investment Operations Manager, says: “We are looking forward to helping people expand their businesses with these grants and this new process will be quick and easy, with funding approved as soon as possible!”

The grants will not be able to fund wages or salaries, new for old or replacement goods and services, running costs or activity such as specific trade show attendance that is a regular occurrence for your business. 

Kirsty adds: “We urge people to visit our website to find out more and, if this funding is right for them, to submit an application using the online system.”

Businesses looking to apply for this grant will need to provide at least 50% match funding and be able to cashflow the total cost of the project, as grants are claimed retrospectively. They will also have to demonstrate how the grant funding will help them to contribute to at least one of the Good Growth Principles.

For more information about the grants and how to apply visit: https://www.ciosgrowthhub.com/business-grants/export-funding

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