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£60m initiative launched to support international thinking businesses

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Businesses across the Midlands are encouraged to join a newly launched global initiative called Global Connections. The initiative follows on from the HSBC’s £4bn International SME Fund and aims to encourage international trade and business partnerships across the globe.

International thinking businesses can submit an application before July 13th and might be awarded a share of £60m worth of funding. A shortlist of ten finalists will be invited to attend an International Exchange in the USA or UAE. These will be similar to the “Thought Exchange” trips the HSBC previously hosted, meant to bring together leading business minds across the globe to connect and help each other grow.

“Our Global Connections initiative seeks to help UK businesses compete at the forefront of international trade,” said Roy Harris, HSBC’s Midlands Regional Commercial Director. “Once you bring businesses together, you can tangibly see partnerships forming as they share challenges, insights, and find synergies to help each other grow.”

HSBC said they are looking for “forward thinking, ambitious businesses” who “demonstrate the quality of their thinking and the ability to put that thought into action”.

The focus of the campaign is on the Midlands for being home to many companies embodying these traits, according to HSBC. Encouraging international trade will offer participants an opportunity to grow, even more so in a tightening domestic economy.

When back in the UK, all Global Connections finalists will be given the opportunity to build their business pitch, applying the insights gained on their International Exchange with the overall winner receiving a financial reward of up to £240,000.

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