SMALL firms across the region are being encouraged to show theyve got what it takes to export for growth by entering a new competition run by UK Trade & Investment (UKTI).

The new "Exporting for Growth" prize was officially launched by the Prime Minister and Lord Green, Minister for Trade and Investment last week.

The competition aims to encourage more small businesses to take their products to overseas markets by offering a comprehensive package of support to the company with the best export idea. The winner will receive UKTI support worth £5,000 and three grants for overseas travel to their target markets, plus expert business knowledge and insight from sponsor companies.

Small and medium enterprises (SMEs) in the North-East have until Friday January 13 to submit their entry. Shortlisted companies will then be invited to present their big export idea to a live audience of business leaders and a judging panel who will then select the winning idea.

David Coppock, UK Trade & Investment (UKTI) Regional Director for the North East, said: "The North-East has a long and proud history of exporting which continues to this day, as the record export figures posted in the last 12 months have shown. But while its right to shout about this success, the reality is that only a small number of SMEs export their products.

"Companies that export improve their financial performance, are more productive and are more likely to stay in business.

"There is demand all around the world for products for the North-East but too many of our smaller firms are missing out on these opportunities. Thats where this competition, and the fantastic prize on offer, will help.

To find out more about the Export for Growth Prize and download an entry form, visit www.ukti.gov.uk/exportingforgrowthprize