Frequently asked questions
Answers most asked questions about Growth Company International Trade Team, our partners and how we help North West Businesses.
ERDF, short for the European Regional Development Fund, is a fund allocated by the European Union. Its purpose is to transfer money from more developed regions, and invest it in the infrastructure and services of underdeveloped regions. This will allow those regions to start attracting private sector investments, and create jobs on their own.
Some of our projects and services are funded by ERDF including trade missions, business advisors and business growth.
EEN or The Enterprise Europe Network is a busines support network which helps businesses innovate and grow on an international scale. It is the world’s largest support network that supports small and medium-sized enterprises (SMEs) with international growth.
EEN is funded by the European Union. UK businesses can become a member of this helpful network to access international opportunities from selling, buying, branching out, franchising and more.
The Northern Powerhouse is a proposal to boost economic growth in the North of England established by the government since 2010. The initiative particularly aims at the big cities in the North such as Manchester, Liverpool, Leeds, Sheffield, Hull and Newcastle. Its purpose is to develop and invest in transport links, science and innovation in the Northern region where there’s big economical potential that’s not maximised. The spatial footprint of the Northern Powerhouse is defined as the 11 Local enterprise partnership areas of the North of England.
We have support with regards to funding application. Our team of dedicated advisors can help you find the right type of funding that matches your international growth needs. Generally, there are following types of funding you could access if you're looking to grow internationally: funding for trade missions and market visits, funding for export and funding for innovation. To find out if these are the right type of funding for you, visit here. To make an enquiry about a type of funding you are particularly looking for, contact us.
Are you looking to export to China? China is a big market with great potential. Therefore, you need to prepare your company market entry strategy before making your first steps into this market. Each company and sector is different and has its own needs. However, all companies are bound to these principles when entering a new market. You will need to find out whether your product is in demand or has the potential to sell in China. In order to know this, market research needs to be conducted. A strategy will be outlined from the market research data. The better the understanding you have about the market including economical factors, culture, consumer behaviour, legal factors, etc., the better chance you have at success.
Our team consists of market experienced advisors who have worked in/with China in multiple sectors. They can provide you with personalised advice and support free of charge. Contact us now