Supporting exports is of course a major priority for DIT, with boosting exports playing a key role in our economic recovery from Covid. As you are aware, TAP has been undergoing a thorough review having been largely in its current form since 2009. As part of changes arising out of DIT’s strategy refresh, DIT will no longer be offering TAP grants. DIT is working with HM Treasury on future arrangements for supporting businesses so they can make the most of key tradeshows as part of our ambitious plan for supporting exports to help drive growth around the whole of the UK.
Whilst the details of those changes are still being finalised, in general you should be aware that in delivering its future export promotion plans, DIT’s focus will be on a number of key tradeshows, aiming to expand the impact that is generated from those events. DIT is currently developing its plans for those export campaigns and will update you on these as soon as more information is available.
Rob Oliver CEO of the CEA said, “Sad to see DIT championing British exports by ending grant support for companies at overseas trade shows. The CEA has helped over 150 companies get a toehold in overseas markets using such schemes.”