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Government announces £20 million SME Brexit Support Fund

12 February 2021

The Chancellor of the Duchy of Lancaster Michael Gove has announced a £20 million SME Brexit Support Fund to support small and medium sized businesses adjust to new customs, rules of origin, and VAT rules when trading with the EU.

SMEs who trade only with the EU and are therefore new to importing and exporting processes will be encouraged to apply for grants of up to £2,000 for each trader to pay for practical support including training and professional advice to ensure they can continue trading effectively with the EU.

For full details visit the government website.

We will provide further details, including how to apply, as soon as it is announced.

If your business has connections with Europe you can view current support available from the Growth Hub here or contact our EU Support Helpline on 0116 482 0111 for answers to your questions now.