SME Brexit Support Fund opens for applications

brexit accountants in chichester

The UK government has unveiled a £20 million Brexit support package to help small and medium-sized enterprises (SMEs) with changes to trade rules with the EU.

The SME Brexit Support Fund aims to help businesses prepare for the implementation of import controls which come into force from April and July.

Businesses who trade only with the EU and are therefore new to importing and exporting processes will be encouraged to apply for grants of up to £2,000 for each trader to pay for practical support, including training and professional advice, to ensure they can continue trading effectively.

What you’ll be able to use the grant for:

SME

It can be used to help you get professional advice so your business can meet its customs, excise, import VAT or safety and security declaration requirements.

Who will be able to apply?

Mike Cherry, National Chairman of the Federation of Small Businesses (FSB), said:

“We have been asking for proper financial assistance of this scale so that a cash-strapped small business can afford to buy-in expertise, training and practical support. The new fund will make a significant difference.”

How to apply:

More information can be found at Gov.uk

Applications will close on 30 June 2021 or earlier if all funding is allocated before this date. PricewaterhouseCoopers (PwC) is administering the grants for HMRC. Apply online now through PwC.

If you have any questions or need advice on any of the above, then please do not hesitate to contact us.

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