Recruitment for the third cohort of Commonwealth Export Champions opened today as Trade Ministers from the 52 member countries meet at Lancaster House, London. The latest intake of 26 SME cohorts have been selected according to their export growth potential and will participate in a series of trade missions with the next one scheduled for Malaysia and Singapore in May 2017.
CommonwealthFirst is the brainchild of the Commonwealth Enterprise and Investment Council (CWEIC). Its mission is to encourage small and medium enterprises to trade and invest across the Commonwealth. The inaugural round of Export Champions attended the high profile India-UK Tech Summit, Delhi in November which coincided with Theresa May’s first overseas visit as prime minister.
Lord Marland, Chairman of the Commonwealth Enterprise & Investment Council (CWEIC), and the driving body behind CommonwealthFirst said, “The Indian trade mission was a major success. It provided some of the UKs finest small firms with fantastic exposure in one of the world’s fastest growing economies. We are keen to build on this and today’s event provides the ideal setting to further showcase the importance of SMEs as stimulators of sustainable economic growth. At a time when trade is under the spotlight, it is encouraging to see such high-quality export-ready small businesses coming forward to take part in this ambitious programme.”
The Trade Ministers Meeting plans to discuss areas where the Commonwealth can strengthen trade and investment links between member countries and develop a coherent policy agenda ahead of the 2018 Commonwealth Heads of Government Meeting. The Meeting has a particular focus on exploiting the ‘Commonwealth Factor’ whereby average trading costs are estimated to be 19% lower between Commonwealth countries as a result of commonalities around language, cultural ties, shared values and similar legal, institutional and regulatory systems.
SMEs can apply to become a CommonwealthFirst Export Champion via: www.commonwealthfirst.org
Applications close on 5th June and the third cohort will be announced in July 2017.
After significant success with its inaugural group of UK SMEs, the CommonwealthFirst initiative has opened applications for a second round of companies to join its ranks. CommonwealthFirst is the Commonwealth Enterprise and Investment Council’s flagship programme to support outstanding UK SMEs with serious ambitions and strong potential to trade and invest in Commonwealth markets, to realise such plans.
Building on the success of the first round, twenty-five additional SMEs will be selected to become Commonwealth Export Champions according to their innovative and flexible approach, potential for overseas growth and export-readiness.
The first cohort will be embarking on a trade mission to India to coincide with the UK India Technology summit 7th-9th November, which will be attended by UK Prime Minister, Rt. Hon. Theresa May. Those additional UK companies chosen to comprise the second cohort will have the opportunity to participate in a second trade mission destined for Malaysia and Singapore in spring 2017.
Lord Marland, Chairman of the Commonwealth Enterprise & Investment Council (CWEIC), the driving body behind CommonwealthFirst, said “At a time when UK trade is under the spotlight, it is very encouraging to see such high-quality export-ready small businesses coming forward to take part in this ambitious programme”.
Lord Marland further commented that “As well as organised trade missions, networking events, mentoring and advisory expertise, CommonwealthFirst brings together a wealth of organisations keen to make the programme a success”
SMEs can apply to become a CommonwealthFirst Export Champion via: www.commonwealthfirst.org. Applications close on 4th December and the second cohort will be announced in January 2017.