New grants to be awarded to UK regulators and trade our bodies to assist them develop agreements with their worldwide counterparts.
Extra funding to develop British exports by making it easier for UK professionals to work overseas has been introduced by the Enterprise Minister Kevin Hollinrake..
Grants of as much as £75,000 will likely be awarded to UK regulators and trade our bodies to assist them develop agreements with their worldwide counterparts for UK skilled {qualifications} to be recognised abroad. It will make it simpler for UK companies to export their companies worldwide.
Following the success of the primary spherical of funding, which has supported work to spice up the presence of UK certified professionals in accountancy, auditing and authorized companies in international locations resembling Australia, New Zealand, Eire, and India, the second spherical of the Recognition Preparations (RA) Grant Programme is now open.
Small Enterprise Minister Kevin Hollinrake stated:
The UK’s professionals in sectors like accountancy, audit and authorized companies, are rightly recognised as among the brightest and greatest on the planet.
This extra funding will additional assist UK certified professionals to export their experience abroad, successful contracts and scaling up their companies.
The extra funding comes as a part of the federal government’s plans to make sure UK-qualified professionals have the assist they should develop their companies on the worldwide stage.
Underneath the Skilled {Qualifications} Act, the UK authorities can guarantee regulators have the flexibility to agree recognition preparations with abroad counterparts.
Following the primary spherical of the grant programme, which noticed excessive demand and curiosity from regulators, this second spherical will go on to proceed and increase these very important efforts to spice up British companies exports in important abroad markets.
The Monetary Reporting Council (FRC) efficiently secured funding for spherical one of many programme. Sarah Rapson, Government Director of Supervision, stated:
The FRC may be very happy to listen to {that a} additional spherical of grant funding will likely be out there from BEIS. The supply of earlier funding has enabled us to herald the extra experience required to assist our worldwide recognition work.
We might encourage UK skilled accountancy our bodies engaged in worldwide recognition work to think about making use of for a grant and make use of this worthwhile supply of funding assist.
The Recognition Preparations Grant programme will run till 31 March 2025, with grants of as much as £75,000 per monetary yr awarded to UK regulators and trade our bodies, and an extra spherical deliberate for candidates looking for 2024/2025 funding.
