Home Business and economy Brexit Support Fund for businesses opens for applications

Brexit Support Fund for businesses opens for applications

by Jonathan Kearney

Eligible businesses can now apply for grants of up to £2,000 to help them adapt to new customs and tax rules when trading with the EU.

The £20 million SME Brexit Support Fund enables traders to access practical support, including training for new customs, rules of origin and VAT processes.

Small and medium sized businesses that trade solely with the EU – and are therefore new to importing and exporting processes – are encouraged to apply for the grants.

To be eligible, businesses must import or export goods between Great Britain and the EU or move goods between Great Britain and Northern Ireland.

More details on how to apply for the grant can be found here.

Eligibility

To qualify for the grant, businesses must:

  • have been 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 turnover
  • import or export goods between Great Britain and the EU, or moves goods between Great Britain and Northern Ireland

What can the grant be used for?

You can use the grant for training on:

  • 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

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

Support for Knowsley businesses

Free post-EU support is available to all businesses in the Liverpool City Region and Knowsley businesses can register for support through Knowsley Chamber and the Knowsley Growth Hub.