Good news from UKTI and the MIA - increased funding for UK motorsport exporters and the MIA appointed as UKTI Trade Challenge Partner
29 Mar 2013
The Motorsport Industry Association (MIA) has been appointed as the only UKTI Trade Challenge Partner to specially service the motorsport and high performance engineering sectors, with increased funding, now available, for UK exporters.
From August 2013, Trade Access Programme (TAP) grant levels for UK SMEs exhibiting in Europe will increase by £500 to £1, 500, and elsewhere by £600 to £2,000. Exhibitors at both Professional Motorsport World (PMW) in Koln and Performance Industry Show (PRI) in Indianapolis can now benefit from this increased funding. Rules regarding ‘matched funding’ has been improved too.
UK SMEs can now access funds from the UKTI Market Access Programme (MAP) towards the cost of joining an overseas business development visit.
Chris Aylett, CEO of MIA says “ UK Motorsport suppliers are ‘born global’, exporting is second nature to them, and the UK is a hub of international motorsport business success. The MIA, as the business cluster champion, is at the heart of securing funds from UKTI for exporters and welcomes contact from all exporters. These substantially increased funds will help encourage new and established exporters find new business overseas, and widen their current sales networks. We are now able to review our international trade plans and will soon announce new events to grow exports”.
Up-dates about the new funding support available and MIA and UKTI support for motorsport exporters appears regularly on the MIA website www.the-mia.com
New and experienced exporters can link into the UKTI through their Open to Export website, which has dedicated export advice www.opentoexport.com or make contact with their local international trade adviser by logging on to www.ukti.gov.uk. UKTI assistance includes the Passport to Export scheme for new exporters and Gateway to Global for experienced exporters, plus their Export Communication Review to help improve the export service and UK Export Finance with access to export finance advisers.