Export Programme eligibility

Meeting: 
MQT on 2015-03-25
Session date: 
March 25, 2015
Reference: 
2015/1122
Question By: 
Stephen Knight
Organisation: 
Liberal Democrats
Asked Of: 
The Mayor

Question

Are there any barriers which may prevent an SME from joining your Export Programme?

Answer

Answer for Export Programme eligibility

Answer for Export Programme eligibility

Answered By: 
The Mayor

My Export Programme is part funded by the European Union. The programme includes events and overseas trade missions. There are no barriers which would prevent an SME from joining these activities; however, to access funding subsidy the company must be eligible under European Regional Development Fund (ERDF) rules.  ERDF rules stipulate that the business has to have:

•       Registered office address within one of London's 33 boroughs;

•       Fewer than 250 employees; and

•       Annual turnover not exceeding 50 million euro, and/or an annual balance sheet total not exceeding 43 million euro.