BREXIT UPDATE: Government Announce £20 Million SME Brexit Support Fund
24 February 2021
Small businesses that only trade with the EU can apply for a £2,000 grant through the Brexit Support Fund. The fund will open up for applications in March.
The government has made available £20 million for the Brexit Support Fund . The fund aims to help small businesses cope with new customs, rules of origin, and VAT rules import that come into force from April and July.
The new import controls will come into effect in three stages up to July 1 2021. Further details may be found in the Border Operating Model.
Businesses do not have to complete new import declarations for up to six months, unless they are moving controlled goods.
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