CDF Knowledge - Exports and Overseas Trade Visits
There are a number of Welsh Government (WG) backed schemes in place that are designed to help you reach and communicate with overseas markets. Don’t be afraid that your business is too small – these programmes are geared heavily towards SMEs in the region.
Although we’re famous for our industrial heritage in Cardiff, these programmes aren’t just for people with their own steel fabrication plants. Businesses from all sectors are welcome to apply and there’s nothing sexier than a young tech firm on a trade mission.
Export for Insight Visits
Even the Welsh Government Business Support Unit didn’t seem to know about the existence of these. These visits are organised by a third party provider (EMB LTD) who you’ll need to apply to directly. EMB will then contact WG for the funding.
These export trade visits are heavily subsidised and vary in length and location throughout the year.
You can view the full list and apply here.
The WG take out a branded, national stall at several international trade fairs every year. Details of Trade Access Programme events are are available on the UK Trade & Investment website.
Welsh businesses exhibiting at the WG stand receive a 50% subsidy for travel and accommodation costs and then pay an agreed contribution towards the stand. This contribution, however, may be offset by the UKTI Tradeshow Access Programme, which provides grants to businesses looking to attend overseas trade fairs.
Details of the UKTI grant are here.
Business Development Grants
If you’ve got a potential client overseas, there’s funding of up to 50% available to cover the travel costs of meeting them face to face. You can’t use this to deal with existing clients, however.
The WG run trade missions themselves to China, the Middle East and North America and offer 50% contribution towards the cost of travel and accommodation.
Their full list of trade missions and trade visits is available here on the Welsh Government website.
You can register for all of the above, or find out further information by calling the Welsh Government’s business unit on 0300 060 3000.