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Oxfordshire SMEs encouraged to apply for Brexit support funding

Oxfordshire SMEs encouraged to apply for Brexit support funding

The SME Brexit Support Funding of up to £2,000 could be used to help with training or professional advice if your business has up to 500 employees and no more than £100 million annual turnover.

You can use the grant for training on:

  • how to complete customs declarations
  • how to manage customs processes and use customs software and systems
  • specific import and export related aspects, including VAT, excise and rules of origin

It can be used to help you get professional advice so your business can meet its customs, excise, import VAT or safety and security declaration requirements.

With two weeks to go before the deadline, small- and medium-sized businesses in Oxfordshire are being encouraged to apply for funding to help them adapt to new customs and tax rules when trading with the European Union.

The £20m Brexit Support Fund, which closes 30 June, enables businesses who trade with the EU to access up to £2,000 of funding for practical support, including training and professional advice on new customs, rules of origin and VAT processes.

Since launching in March, more than 12,000 businesses across the UK have registered for the fund. In the South East, 449 businesses have submitted applications, with a total of £657,271 in funding applied for so far.

Katherine Green and Sophie Dean, Directors General, Borders and Trade at HM Revenue and Customs (HMRC), said: “Smaller businesses who trade with the EU have a vital role in our economy, and we understand they may have experienced a more challenging time than larger businesses in adapting to changes.

“We would encourage small and medium businesses impacted by new importing and exporting rules, to apply for funding today.”

To be eligible for the 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.

 

Find out more information on the fund

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