Government launches £10 million Brexit Readiness Fund

The Government has launched a £10 million Brexit readiness fund that will help provide support for businesses who are preparing for Brexit ahead of the 31 October deadline.

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 when the UK leaves the European Union later this year.

Organisations including the Federation of Small Businesses, Chamber of Commerce and Chartered Institutes could all benefit from the grants.

Activities funded by the grants including events and training will be open to both members and non-members of these associations so that everyone can benefit and prepare for Brexit.

There will be no barriers, such as affordability of membership.

The funding forms part of the £108 million fund which was recently announced by HM Treasury to promote and support businesses in ensuring they are ready for Brexit.

Applications for grants will be accepted up to Monday 30 September 2019 and administered through the Government website.

Activities must be completed ahead of 31 October 2019 to ensure they are focused on Brexit preparations and that businesses are fully prepared ahead of 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 we are announcing today will mean 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.”