Register to get free articles
Want unlimited access? View Plans
Already have an account? Sign in
The Department of Business has announced a second round of funding for the Recognition Arrangements Grant Programme to make it easier for UK professionals to work abroad.
Accountants who wish to work abroad will be able to access a grant of up to £75,000 to help them develop agreements with their international counterparts for UK professional qualifications to be recognised overseas.
The first round of funding has supported work to boost the presence of UK qualified professionals in accountancy, auditing and legal services in countries such as Australia, New Zealand, Ireland, and India.
The additional funding comes as part of the government’s plans to ensure UK-qualified professionals have the support they need to grow their businesses on the international stage.
The Financial Reporting Council successfully secured funding for round one of the programme and stated their support for the second round of the programme.
Kevin Hollinrake, small business minister, said: “The UK’s professionals in sectors like accountancy, audit and legal services, are rightly recognised as some of the brightest and best in the world.This additional funding will further support UK qualified professionals to export their expertise overseas, winning contracts and scaling up their businesses.”
Sarah Rapson, executive director of Supervision, said: “The FRC is very pleased to hear that a further round of grant funding will be available from BEIS. The availability of previous funding has enabled us to bring in the additional expertise required to support our international recognition work.
“We would encourage UK professional accountancy bodies engaged in international recognition work to consider applying for a grant and make use of this valuable source of funding support.”
