SME Brexit Support Fund open for applicationsPrice Bailey27th Apr 2021
The government has made £20 million available for small and medium-sized businesses who can now apply for a grant to support training or professional advice needed for the changes to trade rules with the EU post-Brexit.
The SME Brexit Support Fund aims to help businesses prepare for import controls which come into force from April and July. Up to £2,000 can be applied for in total through two types of grants.
Grant for professional advice
These grants can be used towards professional advice so that your business can meet its customs, excise, import VAT and security declaration requirements.
Grant for training
These grants can also be used for training on the following:
- How to complete customs declarations.
- How to manage customs processes and use customs software and systems.
- Specific import and export related aspects, including VAT, excise and rules of origin
Your business must:
- Be established in the UK for at least 12 months before submitting the application, or currently hold Authorised Economic Operator Status
- Not have previously failed to meet its tax or customs obligations
- Have no more than 500 employees
- Have no more than £100 million in turnover
- Import or export goods between Great Britain and the EU, or move goods between Great Britain and Northern Ireland
Your business must also either:
- Complete (or intend to complete) import or export declarations internally for its own goods
- Use someone else to complete import or export declarations but requires additional capability internally to effectively import or export, such as advice on rules of origin or dealing with a supply chain
Applications will close on 30 June 2021 or earlier if all funding is allocated before this date. You can find more information, including how to apply for a grant, via the link below:
This article was written by Donna Parsons, an assistant manager in the Norwich Business team at Price Bailey. If you have any questions and would like to speak to Donna, please contact us on the form below.
We always recommend that you seek advice from a suitably qualified adviser before taking any action. The information in this article only serves as a guide, and no responsibility for loss occasioned by any person acting or refraining from action as a result of this material can be accepted by the authors or the firm.
You can view this article in its original setting with Price Bailey Here