Business Secretary Andrea Leadsom has unveiled a £10 million grant scheme for business organisations and trade associations to support businesses in preparing for Brexit ahead of 31 October 2019.
The Business Readiness Fund is open to business organisations and trade associations throughout the UK and will support events, training and the production of advice packs to assist businesses in making sure they are fully prepared for Brexit on 31 October 2019.
Activities funded by the grants must be open to both members and non-members and to businesses large and small preparing for Brexit. This is to ensure all businesses will benefit, from major British producers to the smallest tech start-ups and entrepreneurs.
Applications for grants will be accepted up to Friday, 20 September, 2019 and will be administered through a dedicated website at https://www.gov.uk/brexit-business-grants.
Funding will have to be used on activities to be completed ahead of 31 October 2019 in order to ensure they are focused on Brexit preparations and to help businesses be fully prepared for Brexit day.
Business Secretary Andrea Leadsom said: “The UK will be leaving the EU on 31 October. For businesses that still feel unprepared, I am determined to do everything I possibly can to ensure they are fully ready for Brexit.
“We know that companies often rely on the wider business community for help and advice with planning. Business groups will now be given the necessary tools to engage with this crucial task, communicating with non-members and businesses of all sizes.
“The funding means business organisations from all sectors across the country can stand resolutely behind businesses large and small to support them in preparing for, and seizing the opportunities of, leaving the EU.”
Key facts about the fund:
- It is open to business organisations, trade associations, chambers of commerce, chartered institutes and other professional membership bodies with a significant membership
- Applications are invited for practical advice and support, including (but not limited to): advice packs; information campaigns; webinars; podcasts; events or training workshops
- Activities supported by the fund must be delivered in their entirety by 31 October 2019 and be additional to those activities already in delivery or planned to be delivered; be made available to all businesses in the sector or geographical area and cannot be restricted to an organisation’s members or subscribers; be free (non-chargeable) to businesses; not create a competitive advantage to certain businesses
- Proposed initiatives will be subject to HM Government scrutiny