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ARTICLE · 04 SEPTEMBER 2019

Cash for the Crash

With uncertainty continuing surrounding the UK's proposed exit from the EU, the UK government is offering grants of £25,000 or more to help UK businesses prepare for the implications of a "no-deal"

United StatesGovernment, Public Sector

With uncertainty continuing surrounding the UK's proposed exit from the EU, the UK government is offering grants of £25,000 or more to help UK businesses prepare for the implications of a "no-deal" Brexit.

The "Business Readiness Fund" is available to business organisations and trade associations, and is intended to facilitate advice to UK-based businesses on the impact on their business, and trading arrangements arising from a "no deal" Brexit.  It is also intended to facilitate the provision of practical support to mitigate the immediate impacts of that scenario.

As things currently stand, the UK will cease to be a member of the EU on 31st October, irrespective of whether an agreement is struck between the EU and the UK as to its future relationship.  Whilst much will happen at the political level between now and then, and the ultimate outcome is likely to remain unclear for some time, businesses must prepare for the real possibility that the UK will "crash out"

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