Governments support SMEs in their growth and expansion.
Flanders Investment and Trade (FIT) has an interesting subsidy package to support SMEs initiating projects to accelerate international business from Flanders
SMEs (Small and Medium-sized Enterprises) or (mixed) Chambers of Commerce with an operational seat in Flanders that are involved in or intend to engage in international business.
Larger enterprises* are also eligible for the establishment of a prospecting office.
Larger enterprise = consolidated < 500 employees and maximum €100 million annual turnover or maximum €85 million annual balance sheet total.
🕒 Proactively apply
- maximum 4 projects per year
- < 4 projects per year since 2005: uplift subsidy
- 1 customized project / 2 calendar years.
- Prospecting trip outside the EU (including the UK)
- Participation in foreign trade fair or niche event
- Development and translation of digital, international business communication, such as multilingual webshops/websites, company videos, social media
- Establishment of a prospecting office outside the EU
- International customized project.
Support, depending on the type of project:
Prospecting trip: lump sum travel and accommodation expenses
Foreign trade fair: between 25-75% and a maximum of €7,500
Digital international communication: base lump sum of €3,000
Establishment of a prospecting office: standard maximum of 50% of approved costs up to €50,000
International customized project: standard maximum of 50% of approved costs up to €12,500.
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