Mid Sized Businesses (MSBs)
Companies with a turnover of between £25m and £500m are major employers and make an important contribution to the growth of the economy. It’s for this reason that we provide a special package of support specifically for these businesses.
Support from an International Trade Adviser
UKTI has provided additional resources to employ International Trade Advisers to work specifically with Mid Sized Businesses, and bring knowledge and expertise based on personal experience of international business in the private sector. They will work with you to develop strategies to enter or grow, market share in overseas markets. They will help you find contacts or information sources and discuss the best market entry model, including licensing, joint venture, or outward investment etc. Their role is to help your business to grow.
ITAs do not charge for their time. Their job is not to act as an export manager but
rather as an external adviser and client manager. They can help your company access support and knowledge from UKTI market and sector experts both in the UK and our 160 locations in 111 countries overseas. They offer independent advice tailored to your specific product or service need.
UK Export Finance (UKEF)
UKEF is the UK’s export credit agency and is the trading name of the Export Credit Guarantee Department (ECGD). It plays an important role in the Government’s strategy for supporting exporters by providing assistance to companies of all sizes, principally in the form of insurance policies and guarantees on bank loans. UKEF offers a range of services.
Intellectual Property Health check
In partnership with the Intellectual Property Office international trade advisers will carry out an IP Health check which will help you identify what intellectual property exists and offer advice to protect, use and maximise the value.
The enhanced MSB offer which Lord Livingston announced on 22 January is expected to include:
Access to high value opportunities in major projects overseas
Participation in mid-sized business trade missions
Membership of regional mid-sized business clubs
Access to postgraduate placement opportunities
Tailored signposting to other government support
Access to the new mid-sized business offer from UK Export Finance
Further details will become available during Export Week (7 – 11 April 2014).