Innovative small firms across the region are being encouraged to show they’ve got what it takes to “export for growth” by entering a new competition run by UK Trade & Investment (UKTI) South West.
The new Exporting for Growth competition aims to encourage more small businesses to take their products and services to overseas markets by offering a comprehensive package of support to the company with the best export idea.
The winner will receive UKTI support worth £5,000 and three grants for overseas travel to their target markets, plus expert business knowledge and insight from sponsors PwC and HSBC Bank.
Small and medium-sized enterprises (SMEs) in the South West have until Friday 13 January 2012 to submit their entry. Shortlisted companies will then be invited to present their big export idea to a live audience of business leaders and a judging panel who will then select the winning idea for the region.
South West UKTI director Russell Jones said: “There is strong evidence that companies that export improve their financial performance, are more productive and are more likely to stay in business.
“There is demand all around the world for products and services from the South West but too many of our smaller firms are missing out on these opportunities. That’s where this competition, and the fantastic prize on offer, will help.
“If you’re a small company with a big export idea, we’re keen to hear from you, particularly if you’re new to exporting or relatively inexperienced. Just tell us – in 200 words – what your idea is, why it’s workable, and why now is the best time to take it to market.”
There will also be prizes for the second and third placed ideas, and all shortlisted companies will have access to professional mentoring support to develop their pitch presentation as well as time with a UKTI International Trade Adviser.
To find out more about the Export for Growth Prize and download an entry form, visit www.ukti.gov.uk/exportingforgrowthprize
