For every £1 invested in the TAP scheme, £40 comes back to the country in taxable revenue. Since 2013, the scheme value across all industries has shrunk from £20m to an estimated £6m in 2019. As our country prepares to leave the EU, our largest trading partner by far, we should be doing more, not less, to support our exporters to reach new markets. Uniquely, government has control over the funding needed to make a success our our country's export strategy.
Whilst the TAP scheme survives, and the Sponsors' Alliance enjoys good relations with DIT, direct export support to companies is chronically underfunded and schemes like TAP are becoming increasingly bureaucratic.
The Sponsors' Alliance believes a funded Tradeshow Access Programme, that compares with that of our EU competitors and as part of a broader export support offer, will significantly help SMEs to secure export business.