Government’s Brexit Support Fund, welcomed by Chamber International

15 February 2021

 

A £20m support fund announced by the government to help small and medium sized businesses (SMEs) adapt to new Brexit regulations, has been welcomed by Chamber International.

The Brexit Support Fund, announced by chancellor of the Duchy of Lancaster, Michael Gove, will support SMEs as they adjust to new customs, rules of origin, and VAT rules when trading with the EU.

Michael Gove said: “The government has listened to the issues raised by businesses through the Brexit Business Taskforce and this is why we are bringing forward this financial support to help small businesses adapt to the changes to our trading relationship with the EU.

“This new targeted funding will see small businesses get more practical support to adjust to the new processes and prepare for further changes as we implement our own import controls in April and July.”

Chamber International director, Tim Bailey, said: “This is a welcome first step in dealing with some of the major issues that small businesses are facing when trading with the EU.

“With their finances already under a significant squeeze, businesses, particularly exporters,  are inevitably encountering difficulties in adapting to the complexities of the new arrangements. 

“It is crucial that the grants provide adequate funds to make a real difference and the government should stand ready to increase their size if needed.

“ We will ensure that this scheme is delivered as quickly, and smoothly, as possible for firms still adapting to the new EU trading arrangements and the impact of the pandemic. 

“We will also continue to offer as much direct support as we can to SMEs especially through ChamberCustoms - our specialist customs advisory, training and brokerage service.” 

 

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