Which companies and initiatives are targeted?
Exportbru is a subsidiary of Brussels Regional Investment Agency (Finance.brussels-SRIB). It offers funding to Brussels SMEs with an export activity or to those who want to export or set up abroad.
This support is reserved for Brussels SMEs (according to the European definition)
- existing for over two years and employing at least 3 people;
- which have an export activity or want to export their products and/or services;
- and which are not active in the following sectors: import-export, agricultural sector, unethical activities.
What are the terms of the intervention?
Exportbru offers three types of intervention:
- Prospecting financing is aimed at SMEs wanting to launch in a first export market or to expand into a new external market. This loan, lasting for 2-5 years, can finance up to 80% of a commercial prospecting budget. Its amount can vary between 10,000 and €50,000.
- The international expansion financing is aimed at exporting SMEs who face a financing gap due to their export activities, such as for example an increase in production capacity or an increase in working capital needs. The amount varies between €50,000 and €500,000 and can cover up to 50% of the overall financing. It takes the form of a loan, even capital investment.
- Financing for setting up abroad can cover up to 50% of investments made by Brussels SMEs abroad: creation of a subsidiary, joint venture or purchase of a foreign company. As for expansion financing, the intervention varies between €50,000 and €500,000 and takes the form of a loan or capital investment.
For expansion or international roll-out financing, the application must be supported by a presentation of the company, the export activity and/or the expansion or international roll-out plans, financial data concerning the company and a financial plan.
A meeting with an analyst will be organised several days after reception of the application.
A decision can take up to 30 days for a loan, and 3 months for capital investment.