Launch of the European Regional Development Fund for Yorkshire and the Humber to Support Exporters.
The Department for International Trade Yorkshire and the Humber will deliver a programme of £6.7m of European Regional Development Fund (ERDF) funding for the Exporting for Growth programme.
The programme will deliver support to both first time exporters and those already exporting, across the Leeds City Region, Sheffield City Region and Humber LEPs, to allow businesses to grow their success within international markets. Any company looking for funding must be working with the Department for International Trade and support must fit within a company’s overall export strategy.
ERDF, part of the European Structural and Investment Funds programme (ESIF), provides funding to support economic growth for England. The programme focuses on strengthening the regions’ businesses and increasing employment. Companies can access matched financial support to develop exports and generate job creation.
A business must be a small and medium size enterprise (SME) to receive the support and meet the following criteria:
Less than 250 employees
No more than 25% of the organisation is owned by an enterprise that in itself is not an SME
Annual turnover does not exceed €50 million OR annual balance sheet does not exceed €43 million
Create a minimum of one vacancy as part of the project