Brexit Resilience Fund
The Welsh Government has launched a £1m Brexit Resilience Fund, available to Welsh businesses, to help them adapt to the changes in a post-Brexit Welsh economy. Administered by Business Wales, businesses can apply for funding of between £10,000 and £100,000, up to 50% of project costs.
The Brexit Resilience Fund aims to:
- Develop capacity
- Improve processes
- Retain competitiveness
- Safeguard jobs
- Guarantee the trade flows between Wales and the rest of the world
You must be based in Wales and have been trading for a year or more. You'll need to register with Business Wales and complete their Brexit Toolkit.
Funding for customs declaration training
Importers/exporters who will need to complete customs declarations can apply for funding for training. It's called the Customs Intermediaries Grant Scheme and £2m of this is available to upskill staff to complete their own declarations. If you use, or plan to use, an intermediary they can also apply for some of a pot of £3m available for IT investment. Applications are open now until 5 April 2019 or the funding runs out - whichever is sooner - so apply ASAP! You can register and apply online.
Scottish Government Brexit Support Grant
The Support Grant provides £2000-4000 to SMEs in Scotland to manage the impacts of Brexit on businesses. It can be used for:
- Brexit impact scenario planning
- Legal and contractual issues
- Modelling cashflow
- Modelling impact of changing customs/tariffs/VAT
- Exploring supply chain issues and opportunities
- Reviewing and optimising transport or logistics arrangements
- Costs incurred in acquiring AEO (Authorised Economic Operator) status
- Human resource issues
- Cost of (up to two employees) attending training courses relating to any of the above topics if your company is also undertaking complementary activity
- Air travel from Scotland to international markets to react to supplier and/or customer issuesdirectly relating to Brexit
- Air travel withinthe UK if the companyis ina remote location (e.g. the outlying Scottish islands) and/or if travel to the location of the eligible activity necessitates travel via a UK travel hub
If you're in Wales, we've previously published information about the Welsh Government's Brexit Resilience Fund.
Funding for export training
A new funding stream has been announced by Government to help businesses train staff in making customs declarations and to invest in IT. Similar funding was available earlier in the year, but had to be taken up by April.
To apply for the grants, your business must either complete customs declarations for yourself or someone else (or intend to in the future) and you must import from or export to the EU.
It can be used to cover:
- training that helps your business to complete customs declarations and processes
- IT improvements to help your business complete customs declarations more efficiently
You can use the funding to reimburse what your business has spent on relevant IT improvements and training since 31 July 2019, as well as in the future.
The grant will give you up to 100% of the cost of training for your employees, up to a limit of £2,250 for each course. It will also cover the cost of training you run internally, up to a limit of £250 for each employee on the course.
You can find out more and apply here.
Customs support funding
HMRC has extended the deadline for businesses to apply for customs support funding to 31 January 2021. There is still at least £7.5 million available so that more businesses can hire or train experts to deal with customs declarations. Visit the Funding Portal (managed by PWC).
Yet more customs support funding
£50 million has been added this month to the grant fund for customs agent recruitment, training and IT. This is in addition to the £34 million already made available, which the Financial Times recently reported has been taken up by just 4000 people.
Visit the Funding Portal (managed by PWC).
- Brexit Bulletins Catch up with all our Brexit Bulletins so far.
- Importing and Exporting All the latest information on tariffs and non-tariff barriers – if you import or export you’ll find helpful resources here.
- Northern Ireland Based in Northern Ireland, find more information here.
- No-deal scenario Leaving the EU without a deal is unlikely, but - just in case - here’s what will happen in print-relevant areas.
- Employment Do you have staff from the EU? Here’s what you - and they - need to know.
- Running your business Your customers may be checking their supply chains and some of you report back that you're also putting in the ground work to ensure continuity of service.
- Other resources Everyone’s talking about Brexit. We’ve pulled together some of the more interesting publications out there.
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