Brexit Guidance for Businesses

Brexit Support Funding Grant

To be eligible for the Brexit Support Funding Grant, businesses must have no more than 500 employees and turnover no more than £100m. They must only import or export goods between Great Britain and the EU, or move goods between Great Britain and Northern Ireland. If businesses already import or export goods to and from a non-EU country, they are not eligible.
CLICK HERE TO APPLY BY JUNE 30TH

30th December – Brexit deal and the small print

https://www.richmondchamberofcommerce.co.uk/wp-content/uploads/2021/01/rtt-31-dec-2020.pdf

Brexit Deal Details

https://www.gov.uk/government/organisations/prime-ministers-office-10-downing-street

Brexit Deal Explained

https://on.ft.com/3rtG7Dr

https://www.gov.uk/government/news/radical-shake-up-to-government-export-finance-support-for-small-businesses

Trading Internationally – some new working capital assistance

December 6th 2020, UK Export Finance (UKEF) launched a new guarantee scheme with 5 leading UK commercial banks to support SME’s and cover the costs of international trade.

• New scheme to give exporting SMEs access to working capital they need to recover from COVID-19
• Government can provide an 80% guarantee on financial support from lenders to support general exporting costs, up to the value of £25 million
• GEF will transform UKEF’s offer to smaller businesses, encouraging them to export and take advantage of new free trade agreements

Exporters will be able to apply for finance from the UK’s five largest banks backed by a UKEF guarantee to free up working capital that can be used for everyday costs linked to exports and to scale up their business operations. This will help thousands of businesses, particularly SMEs, to fulfil multiple export contracts, pay for labour costs, build their inventory and ease cash flow constraints. For more info: https://www.gov.uk/government/news/radical-shake-up-to-government-export-finance-support-for-small-businesses

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