// Government launches £20m Brexit Support Fund aimed at helping small and medium-sized businesses, including retailers
// The fund is for businesses that need assistance adjusting to the rules of origin, customs and VAT rules with the EU after Brexit
// Grants of up £2000 are available and applications open next month
The UK Government has launched a £20 million fund aimed at helping small and medium-sized businesses, including retailers, adjust to changes in trade rules with EU.
The Brexit Support Fund helps businesses that are new to importing and exporting processes and need assistance adjusting to the rules of origin, customs and VAT rules with the EU after Brexit.
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Grants of up to £2000 are available, which are used to pay for support on the new trading processes, including training and advice.
Applications to the fund will open next month.
“The government has listened carefully to the issues raised by the business community through the Brexit Business Taskforce and that’s why we are bringing forward this financial support to help small businesses adapt to the changes to our trading relationship with the EU,” Chancellor of the Duchy of Lancaster Michael Gove said.
“This new targeted funding will see small businesses get more of the practical support they need to adjust to the new processes and prepare for further changes as we implement our own import controls in April and July.”