Impact of Brexit on SMEs

2020 has been an extremely difficult year for SMEs. With the Brexit transition coming to an end on 31 December, businesses who trade with the EU now face a new set challenges, particularly if there is no-deal.

Tariffs could be introduced on many imports and exports, which will have an impact on costs for businesses, and even if a trade deal is agreed there’s still likely to be significant changes to prepare for, such as additional checks and documentation on goods as required by both the UK and the EU.

Whilst the delay in preparing for Brexit is understandable given the ongoing impact of the pandemic, the potential wide-ranging effects of Brexit on many businesses means it’s crucial that SMEs begin to take steps to prepare. Now is the time to take some practical steps to take to future-proof business, through the Brexit process and beyond.

Support Guides

  • Managing Cashflow
  • Using Export Finance
  • Managing Late Payments
  • Managing FX

Support Guides

  • Managing Cashflow
  • Using Export Finance
  • Managing Late Payments
  • Managing FX

Impact of Brexit on SMEs

  • Short list of points with link to blog post on this

Overcoming key challenges

  • Supplier relationships – Link to content
  • Customer relationships – Link to content, Link to EH
  • Foreign exchange – Link to CT
  • Managing cash flow – Link to support guide

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Ireland
Enterprise Ireland

Enterprise Ireland is the government organization responsible for the development and growth of Irish enterprises in world markets. It works in partnership with Irish enterprises to help them start, grow, innovate and win export sales in global markets. In this way, we support sustainable economic growth, regional development and secure employment.

Gov.uk

Provides supporting information for businesses and citizens to help them to manage the new rules from 1 January 2021.

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