Is your business prepared for what lies ahead on Brexit? If not, we can help you with our Brexit contingency advice – including seeking Scottish Government funding to help get you ready.
Do you know how Brexit could affect your business?
At Anderson Strathern we’ve been working with clients across Scotland to help them prepare for a range of Brexit scenarios, including a no deal outcome and World Trade Organisation terms. Take a look at our Brexit Hub for further information and our regular updates.
We’ve advised a number of public sector bodies, large and medium sized private businesses and SMEs on Brexit-related issues. We also commissioned research on the preparedness of small and medium sized Scottish businesses for Brexit and launched our Brexit White Paper in April 2019.
Our Brexit research
Our research found that 43% of SMEs surveyed hadn’t yet completed a Brexit risk assessment while only 33% of SMEs had completed a ‘scenario planning’ process and only 56% had prepared for a potential ‘no deal’ Brexit. In other words, our survey results indicate that 82% of SMEs have made no preparations for a ‘no deal’ Brexit.
If you’re among them, take a look at our Brexit checklist to help identify the key issues for you.
The costs of getting ready for Brexit
You may be finding that getting ready for Brexit is an additional cost for your business at a time when there may be uncertainty around the impact for you of leaving the EU. There is some help available with costs through the new Brexit Support Grants.
Brexit Support Grants
Brexit Support Grants - funded by the Scottish Government and worth between £2,000 and £4,000 - are being offered to small to medium-sized enterprises (SMEs) by Scottish Enterprise. The aim of the grants is to help businesses manage a wide range of Brexit impacts. They can be used for Brexit impact ‘scenario planning’ and additional professional services needed specifically in relation to Brexit issues, including legal advice and contractual issues.
How do you qualify for the grant?
To qualify, your business needs to be based in Scotland with under 250 employees, and turnover less than 50 million Euros or balance sheet less than 45 million Euros. There’s a limit of one grant application per organisation.
We’ll be able to help you complete the application form and work with you on identifying areas of Brexit concern for your business. We can provide additional advice, drafting and representation, if needed.
To discuss Brexit Support Grant applications or any other Brexit related issues, please contact our Brexit Lead, Neil Amner.