Deadline approaches for SME Brexit support grant

Smaller businesses have until the end of next month to apply for grants to help them adapt to new customs and tax rules when trading with the EU.

The £20 million SME Brexit Support Fund offers eligible UK traders grants of up to £2,000 to access practical support, including training for new customs, rules of origin and VAT processes.

Changes to customs rules have presented small exporters with new challenges after the free movement of people, goods and services between the UK and EU ended on 1 January 2021.

The Government announced the SME Brexit Support Fund in the following month, before inviting the UK’s small traders to submit applications from 15 March 2021.

Mike Cherry, chairman at the Federation of Small Businesses, said:

“Small businesses, often with few cash reserves, are for the first time facing complex new customs processes, VAT requirements and rules of origin.

“This fund will make a significant difference, so that a cash-strapped small business can afford to buy-in expertise, training and practical support.”

For more details go to the Chadwick and Co website Deadline approaches for SME Brexit support grant | Chadwick and Company | Manchester