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SME Brexit Support Fund

Last week (11 February) saw the government announce a £20m SME Brexit Support Fund to support small and medium sized businesses (SMEs) adjust to new customs, rules of origin, and VAT rules when trading with the EU.

SME Brexit Support Fund

What we know so far:

Aimed at/ eligibility SMEs who trade only with the EU and are therefore new to importing and exporting processes will be encouraged to apply
Grant level (£) Grants of up to £2,000 for each trader
Use To pay for practical support including training and professional advice to ensure they can continue trading effectively with the EU
Administration The fund will be administered through the pre-existing Customs Grant Scheme
Open for applications The fund will open for applications next month

Other UK Government support

The press release on the SME Brexit Support Fund also mentioned a number of other measures brought into assist businesses with the transition to post Brexit trading regulation.

PKF Francis Clark

My colleagues have been producing a lot of useful information to help you trade in a post Brexit era. There are lots of useful factsheets and articles that explain the main changes that businesses should be aware of at https://www.pkf-francisclark.co.uk/sectors/brexit/

FEATURING: Richard Wadman
Richard qualified as a Chartered Accountant with KPMG in 1993. Since 2006 he has worked in Corporate Finance, firstly with the predecessor firm in Truro… read more
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