Government Announces SME Brexit Support Fund
Michael Gove MP has announced a £20 million SME Brexit Support Fund to support small and medium sized businesses (SMEs) to adjust to new customs, rules of origin, and VAT rules when trading with the EU.
SMEs who trade only with the EU, and are therefore new to importing and exporting processes, are encouraged to apply for grants of up to £2,000 for each trader to pay for practical support, including training and professional advice, to ensure they can continue trading effectively with the EU.
The Fund will help businesses to prepare for the implementation of import controls which come into force from April and July 2021.
Announcement: https://www.gov.uk/government/news/government-announces-20-million-sme-brexit-support-fund