Blog

The SME Brexit Support Fund is now available: Are you eligible?

22/03/2021

Do you import or export goods between Great Britain and the EU? You could be eligible for up to £2,000 through the SME Brexit Support Fund to help you adapt to new customs and tax rules.

The £20 million SME Brexit Support Fund is now open for applications.

The grant will allow traders to access practical support, including training for new customs, rules of origin and VAT processes.

Applications opened on the 15th March 2021 and will close on 30th June 2021 or earlier if all funding is allocated before this date.

Find out more about the SME Brexit Support Fund, if you’re eligible and how to apply below.

What is the SME Brexit Support Fund?

The government has made £20 million available through the SME Brexit Support Fund. If you are eligible, HMRC may provide funding towards the costs of training and/or professional advice, to help you adapt to new customs and tax rules when trading with the EU.

What can the grant be used for?

The SME Brexit Support Fund can be used for training on:

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

How much can I access through the SME Brexit Support Fund?

Traders can apply for up to £2,000 in total.

Am I eligible?

To qualify for the SME Brexit Support Fund your business must:

For the full eligibility criteria please visit the gov.uk website.

How do I apply?

PricewaterhouseCoopers (PwC) is administering the grants for HMRC. You can apply online here.

How can I support my cash flow when trading internationally?

There are a number of funding tools available to assist UK businesses with the challenges of importing and exporting.

From releasing cash against invoices to cover the cash flow gap to obtaining a bank guarantee that gives both parties peace of mind, it can be extremely useful for businesses who trade internationally to assess the different options available.

To find out more about all the finance options available to your business, how they can assist with the cash flow implications of international trade and how to find the most suitable facilities and providers, call us on 0800 9774833 or request a call back at a convenient time.

Comments

Some of the funders we work with

  • InvoCap
  • Aldermore Invoice Finance
  • Time Finance
  • Investec
  • Santander Corporate & Commercial
  • Davenham Asset Finance
  • FIBR Tech Limited
  • Accelerated Payments
  • Davenham Trade Finance
  • Calverton Finance
  • Asset Advantage
  • Partnership Invoice Finance
  • Pulse Cashflow Finance
  • Leumi ABL
  • Skipton Business Finance
  • inFund
  • Peak Cashflow
  • IGF Invoice Finance
  • Shawbrook Business Credit
  • Team Factors
  • Optimum Finance
  • Close Brothers Invoice Finance
  • Boost Capital
  • Roma Finance
  • Giant
  • Haydock Finance Ltd
  • Royal Bank of Scotland
  • Ultimate Finance Group
  • 4Syte
  • PNC Business Credit
  • Regency Factors
  • Creative Capital
  • Sonovate
  • Secure Trust Bank
  • Metro Bank SME Finance
  • MarketFinance
  • Trade Finance Partners
  • Berkeley Trade Finance Ltd
  • ABN AMRO Commercial Finance
  • Nucleus Commercial Finance
  • Bibby Financial Services
  • Lloyds Bank Commercial Finance
  • Woodsford Tradebridge
  • Merchant Money
  • MaxCap
  • iwoca
  • Barclays

Authorised and regulated by the Financial Conduct Authority (FCA number 730445)
We are a credit broker and not a lender and offer credit facilities from a panel of lenders

Our website uses cookies. For more information about managing cookies, visit our Privacy and Cookie Policy. Continue