Brexit - advice for your business
Following the UK’s decision to leave the EU, the UK will no longer be an EU Member State from 29th March 2019. If a withdrawal agreement is agreed, a transition period will run from 29th March 2019 to 31st December 2020. However, if no deal can be reached there is a possibility of the UK leaving the EU without a deal. Businesses are therefore encouraged to prepare for a ‘no-deal’ Brexit.
Bespoke advice for your business
Government has produced a seven-point business tool to help find the exact guidance documents relevant to your business, based on factors including size, activity, industry sector.
Preparing your business for a 'no-deal' Brexit
Businesses are encouraged to prepare for a 'no deal' Brexit. The LEP is providing support for businesses and Government has set out information to assist businesses preparing for a no deal through:
- A series of technical notices providing guidance on how to prepare for a no deal.
- A partnership pack preparing for changes at the UK border after a no deal Brexit.
Businesses can apply for funding to help complete customs declarations, with grants available to provide training for employees and IT upgrades.
Information for businesses
Further information is available via the following links:
- Home Office employer toolkit on the EU Settlement Scheme.
- British Chambers of Commerce Brexit checklist and Brexit risk register to assist businesses with their planning at both operational and board level.
- Federation of Small Businesses small business Brexit pack, covering five different Brexit scenarios and providing advice on continuity planning.
- Confederation of British Industry insight and analysis on Brexit.
- Institute of Directors Brexit hub, covering Brexit implications and guidance for businesses.
- EEF Brexit step-by-step guide and Brexit toolkit, which allows companies to sign up to and assess the cost of trading with the EU post-Brexit.
- ICAEW Brexit practical guides.
- Information Commissioner’s Office six steps for businesses to take on data protection.
Gathering evidence to help support business
We are keen to hear from businesses of all sizes and sectors across Norfolk and Suffolk regarding your Brexit preparations and how Brexit might impact your business or supply chain, both positively or negatively. All information you provide will be treated in strict confidence and only shared externally with your explicit consent.