The Institute of Export & International Trade (IOE&IT) has announced that it has made over £1 million in funding available to help businesses to export.

The IOE&IT launched the International Trade Accelerator Voucher scheme to help manufacturing businesses large and small through access to its training, consultancy and educational services. Each voucher issued is worth £1,100 and can be redeemed against the wide range of services that the IOE&IT offers.

Marco Forgione, Director General of the IOE&IT (pictured), hailed the new voucher scheme as a “landmark moment” for businesses who look to trade internationally.

The scheme is available to all UK-based businesses regardless of their membership of the IOE&IT. The purpose is to accelerate understanding, efficiency and risk reduction in international trade.

Mr Forgione said: “We believe in a vision of a global Britain that exports to the world and we back the Government’s ambitious plans to reach £1 trillion worth of exports by 2030. We want businesses to be able to take advantage of all the trade deals the UK is negotiating around the world.

“However, we have seen a decline in the number of companies exporting in the past 12 months as highlighted by the latest edition of our UK Export Monitor, that’s why the launch of this scheme is so important right now.

“We have the knowledge and expertise at the IOE&IT to ensure British businesses are equipped with the skills to trade confidently and compliantly with the rest of the world.”

Applications for a voucher can be completed at the IOE&IT website.