The Internationalisation Fund: Co-Investment Funding for SMEs (DIT)

Discover how to access co-investment funding from the Department for International Trade for SMEs who want to grow into new overseas markets

The Department for International Trade and European Regional Development Fund have launched a new Internationalisation Fund for eligible SMEs based in England.

What is the Internationalisation Fund? 

Launched in December 2020, the Internationalisation Fund provides match-funded grants between £1,000 and £9,000 to use for future business activities (subject to eligibility and availability) aimed at helping SMEs grow in new international markets.

To secure a grant, you will need to fund a proportion of your costs yourself. This varies according to where your business is based.

SMEs based in England can now apply for the next round of funds which can be used to support eligible expenditure areas.

Please note grants offered under the Internationalisation Fund are available on a limited basis and the actual availability of funds in the different English Local Enterprise Partnership (LEP) areas can vary based on demand and the number of applications already approved. Updated information about funding availability in your LEP area are included in the ‘Who is this event for’ section below. 

What can the funding be used for? 

The funding can be used for third party advice/services to help your business prepare for export, including:

SME participation in Trade Fairs, Missions and market development visits may also be supported.

This virtual event will offer full details about the co-fund and eligible costs – places are in high demand.

Why should you attend this virtual event? 

At this free virtual event, our expert speakers will provide you with:

• An overview of the Internationalisation Fund and the eligibility criteria
• What you can use the fund for to grow your business overseas
• What you need to prepare for your funding application
• How to submit your application and key deadlines
• Examples of what the Internationalisation Fund can be used for

Plus, for businesses that meet both the eligibility and suitability criteria, there will be an opportunity to meet with an International Trade Adviser after attending the event.  If you are considered suitable, an ITA will help you prepare your Export Action Plan (EAP), a mandatory prerequisite to apply, and complete your Internationalisation Fund application.