Call 0800 781 8783 - email principal@lloydbottoms.co.uk

ICAEW warns SMEs have 'limited window' to apply for Brexit grant

The Institute of Chartered Accountants in England and Wales (ICAEW) has warned eligible small and medium-sized enterprises (SMEs) that they have a limited window to apply for a grant under the Brexit Support Fund.

31 Mar 2021

The Institute of Chartered Accountants in England and Wales (ICAEW) has warned eligible small and medium-sized enterprises (SMEs) that they have a limited window to apply for a grant under the Brexit Support Fund.

SMEs seeking to make use of the Fund only have until 30 June 2021 to apply, the ICAEW stated. It also said that they may not be successful if the £20 million fund runs out before the deadline. Businesses can make a claim for a training grant, a professional advice grant or both. However, the amount of the grant cannot exceed £2,000.

The Brexit Support Fund aims to help businesses prepare for the implementation of import controls which come into force from April and July 2021.

Businesses who trade only with the EU and are therefore new to importing and exporting processes will be encouraged to apply for grants of up to £2,000 for each trader to pay for practical support to ensure they can continue to trade effectively.

The Brexit Support Fund application portal can be accessed here.

Download our TaxApp Now

Tax rates, tips and calculators at your fingertips

Find out more

Register for newsletter

Why not register to receive our Monthly Newswire?

Find out more

Try a site search Tax return, dividends, pension, budgets...

Contact us | Site map | Accessibility | Disclaimer | Privacy |

Regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities.

Lloydbottoms Chartered Accountants, 118 High Street, Staple Hill, Bristol BS16 5HH

We are a member of the Institute of Chartered Accountants in England and Wales and in our conduct are subject to its Code of Ethics which can be found at www.icaew.com/en/members/regulations-standards-and-guidance/ethics. This is available in English.

We confirm that we are licensed to carry on general accountancy and tax practice by the Institute of Chartered Accountants in England and Wales. Details about our registration as practicing members of the Institute of Chartered Accountants in England and Wales can be viewed at http://find.icaew.com using our postcode.

© 2021 Lloydbottoms Chartered Accountants. All rights reserved. We use cookies on this website, you can find more information about cookies here.