Passport to Export : benefits, content, duration, eligibility

Passport is a programme designed to improve capability to export. Companies receive a programme of support tailored to need. Scheme duration is twelve months from initial registration

Benefits

The programme allows companies to:

• Get started in international trade

• Assess and develop their capability to export

• Save time and money in achieving international trade

• Get help and support in selecting and visiting a market

Content

• International trade review based around a set of focused questions to assess readiness to export and inform trade development needs.

• Face to face time with an International Trade Adviser (ITA) to develop an action plan and support throughout the passport journey.

• Face to face group training on the key export stages [ such as choosing a sales presence, getting the customs side right or promoting your product ] with an opportunity to develop a deeper understanding of how these relate to a company’s particular objectives. Link to Guide.

• Advice and assistance with market research including input from UKTI global teams overseas

• Export Vouchers Access to matched funding subject to eligibility towards the costs of implementing activities in your action plan. The amount of matched funding available has recently been increased, following the additional funds announced in the Autumn Statement made available to UKTI, to £3,000.

• Access to UKTI’s international network and signposting to other UKTI services.

• Networking opportunities to learn from other exporters.

Who is eligible?

Companies should be SMEs according to the EU Definition:

• New to export, with exports no more than 25% of turnover and proactive exports not exceeding 10%

OR

• Company should meet the definition of R & D intensive – less than five years old, but more than one year.

In addition:

• Companies should employ fewer than 250 people

• Companies should have an annual turnover of less than £50 million, and an annual balance sheet is less than £43 million

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