The UK Government have confirmed new funding will be awarded to regulators and industry bodies to develop agreements with their international counterparts.
This will be the second round of funding approved to enable UK professionals to sell their services overseas, such as accountants and architects.
The funding should help professionals sell their services overseas, without the requirement, or additional expense, of having to undertake additional qualifications.
The government states that "grants of up to £75,000 available to UK regulators and professional bodies to do work on bilateral or multilateral recognition arrangements for UK professional qualifications".
They added "Following the success of the first round of funding, which 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 second round of the Recognition Arrangements (RA) Grant Programme is now open."
The additional funding is being awarded with the primary aim of aiding UK professionals to "grow their businesses on the international stage."
Its worth noting that under the "Professional Qualifications Act, the UK government can ensure regulators have the ability to agree recognition arrangements with overseas counterparts."
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