Tees Valley businesses are facing a tight deadline to secure funding designed to support international growth. The Tees Valley Export Fund is currently offering grants to companies looking to begin exporting or expand their presence in overseas markets, but the window for applications is closing soon.
Companies interested in the program must submit their bids before August 31. The grants range between £3,000 and £10,000, though a 25 per cent match-funding requirement applies to all successful applicants. Once approved, any supported activity and associated expenditure must be completed by mid-September.
Financial Impact and Reach
Since its launch, the fund has distributed more than £800,000 to local businesses. A total of 127 companies across the Tees Valley have received financial support, enabling them to reach customers in 43 different countries.
The data shows distinct trends in how the money is spent. Approximately 35 per cent of the funding awarded so far has supported travel, accommodation, and exhibition costs. Nearly half of the budget has been utilized for website adaptations, internationalization efforts, and legal support.
Local Success Stories
Several firms have already leveraged the cash to build connections abroad. Middlesbrough gaming firm Observer Interactive used the support to cement key ties during trips to the United States. Matty McGrory, design director and chief operating officer at the company, praised the initiative.
“The Export Fund has been unreal for us – it’s been an absolute game changer,” McGrory said.
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Middlesbrough-based Nouveau Legal also benefited. Legal director Adeel Bashir used the funding to attend a conference in Dubai, where he focused on developing relationships with potential clients. He noted that face-to-face interaction is irreplaceable.
“Going to another country and understanding how they operate in person makes a really big difference,” Bashir said. “I would recommend it to all businesses as well as those looking to expand.”
While traditional manufacturing remains a significant part of the regional economy, the inclusion of digital and creative firms among the successful applicants highlights a broader shift in the area’s commercial makeup. The fact that nearly half of the funding is going toward digital and legal adjustments suggests that modern service-based exports are becoming just as critical as physical goods for the region’s growth strategy.
Eligible Activities and Events
The support can cover things like overseas trade fairs, market research, website adaptations, marketing materials, and legal requirements associated with international trading. The USA, UAE, and European markets have emerged as the most popular destinations for local firms.
Upcoming international opportunities that may qualify for support include Gamescom in Cologne, the LEAP technology conference in Riyadh, and Offshore Northern Seas in Stavanger.
Funding Limits and Warnings
Backed by the UK Shared Prosperity Fund, the program aims to increase both the number of exporters and the value of international trade generated by local businesses. However, officials have warned that the available budget is finite.
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The program could close early if applications reach the cap before the official deadline.
Middlesbrough mayor Chris Cooke, who is also the Tees Valley Combined Authority cabinet member for finance, organizational improvement and business growth, emphasized the practical benefits.
“We’ve seen first-hand how access to targeted support can give businesses the confidence and resources they need to explore new opportunities overseas,” Cooke said. “I’d urge any eligible business considering export opportunities to take a look at what’s available and submit a bid while funding remains open.”
Tees Valley mayor Ben Houchen also encouraged companies to act quickly. He stated that exporting helps firms grow, create jobs, and bring money back into the local economy.
“If you’ve got ambitions to reach new customers overseas, I’d strongly encourage you to get your application in now and see how this support can help take your business to the next level,” Houchen added.