Good news, new Brexit support for SMEs proposed by the UK Government!
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The UK Government has announced a £20 million Brexit Support Fund to help small and medium-sized businesses impacted by the changes to trade rules with the EU, including help with adjusting to new customs, rules of origin, and VAT rules.
From next month SME’s will be able to apply for a grant of up to £2,000 to pay for practical support and training related to importing and exporting to the EU. The funding will also help businesses to prepare for the implementation of import controls which come into force in April and July.
The grant can be used for support and training on:
- The customs declarations process
- Managing the customs processes and using customs software and systems
- Other import and export related aspects including VAT, excise, and rules of origin
This is a very welcome initiative from the Government, relieving some of the cost and administrative burden that SMEs, many of whom do not have the resources internally, have faced since the start of this year.
Final details are still to be published by the Government but to be eligible SME’s must be importing or exporting goods between Great Britain and the EU, or moving goods between Great Britain and Northern Ireland, have no more than 500 employees and have a turnover of less than £100 million.
In the meantime, if you need advice or support please on Brexit related issues please contact us. , We have been very busy helping our clients manage the changes to trade with Europe, particularly regarding VAT, customs paperwork and issues relating the origin of products.
About Where Now Consulting Ltd: Where Now Consulting is a management consulting company that focuses on helping its clients to grow and compete. The company offers a range of consulting services, including business turnaround and performance improvement, formulating market entry strategies, mergers and acquisitions, joint ventures and alliances, and sales and distribution strategy and management.
For more, please visit Our Services page.