Government announces grant funding to support businesses with recruitment, training, and IT equipment post-Brexit

The Government has announced more than £50 million in funding to support businesses with recruitment, training, and supplying IT equipment to prepare for life outside the EU.

The package of support comes after it was confirmed that the Government will not seek to extend the Brexit transitional period after this year.

According to the report, around £84 million has now been made available to grow the “customs intermediary sector” to accommodate the burden of international trade after 2020.

This includes £34 million in grant funds to support 20,000 training courses and the purchase of 15,000 pieces of IT equipment and software.

Under the new regime, traders importing ‘standard goods’ – such as electronics and clothing – must be prepared for basic customs requirements, such as keeping sufficient records of imported goods, from January 2021, and will have up to six months to complete customs declarations.

Commenting on the announcement, the Government said: “The £50 million funding is one part of the measures to support the customs intermediary sector meet the increased demand it will see from traders at the end of the transition period.

“The government also intends to change rules which will remove the financial liability from intermediaries operating on behalf of their clients and allow parcel operators to continue declaring multiple consignments in a single customs declaration. This will help intermediaries increase their operations.”

It is believed that applications for grant funds will open from July.

For support making a finance or grant funding application, please get in touch with our expert team today.

Posted in Janet Brown.