£20 million SME Brexit Support Fund goes live today
Smaller businesses can today apply for grants of up to £2,000 to help them adapt to new customs and tax rules when trading with the EU. The SME Brexit Support Fund, announced by the Chancellor of the Duchy of Lancaster Michael Gove on 11 February, enables traders to access practical support, including training for new customs, rules of origin and VAT processes.
To be eligible, businesses must import or export goods between Great Britain and the EU, or move goods between Great Britain and Northern Ireland. 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.
This follows the government setting out a new timetable for introducing import border control processes to enable UK businesses to focus on their recovery. Full import border control processes will now be introduced on 1 January 2022, six months later than originally planned.
You can apply online through PWC. The deadline for applications is 30 June 2021.