A grant of up to a maximum of £2,000 is available for SME businesses who have incurred Brexit related costs for training or professional advice to help you deal with import/ export VAT, customs excise or safety and security declarations.
There is some flexibility in that the fund can be for either a training grant, professional advice - or both.
The scheme will be open for applications until the allocated funds of £20 million have run out or up until June 30th 2021 - whichever occurs sooner.
Who can apply for the Brexit Support Fund?
Before submitting an application your organisation must meet the following criteria:
Your business must have been established in the UK for a minimum of 12 months.
OR currently hold Authorised Economic Operator status.
It must not have failed to meet its customs obligations or tax previously.
It should have no more than 500 employees.
Your business must not have a turnover of more than £100 million.
Your business must move goods between Great Britain and Northern Ireland. Or, export or import goods between Great Britain and the EU.
You’ll need to complete export or import declarations internally for your own goods (or you must intend to complete them).
OR use someone to complete them for you but requires additional capability internally to effectively export or import (such as advice on rules of origin or advice on dealing with a supply chain).
We are accountants based in West Bridgford, Nottingham and we work throughout the UK. If you need help or advice following Brexit get in touch and we'll put you in contact with one of our experts.
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