Skip to content 
Search

Latest Stories

UK launches £16-m fund to support businesses for trading after Brexit  

THE UK has launched a £16-million fund today (3) to train thousands of customs experts and support businesses for trading after Brexit.

The fund will help businesses to train staff in making customs declarations, and businesses who support others to trade goods to invest in IT.


The latest funding move is to ensure that trade with the EU continues as smoothly as possible after Brexit.

“Customs agents currently help businesses who trade outside the EU. This funding will help increase the capacity of the sector as businesses trading with the EU will consider whether to get an expert to complete customs documentation for them after Brexit,” HMRC said in a release.

The British government is determined to support the industry by both training more staff and becoming more efficient, in order to ensure that Britain is fully ready to leave the EU on October 31, whatever the circumstances, it added.

Financial Secretary to the Treasury, Jesse Norman, MP, said: “Brexit takes place on October 31, and we urge all businesses to make the necessary preparations to be fully ready. The government has doubled the support available so that thousands more customs experts are on hand to help businesses on and after Brexit day.

“...As part of the cash injection, border and customs operations will receive an additional £344m to be ready for Brexit, including by hiring more border officers and improving transport infrastructure around ports.”

Over 3,000 agents have already been trained as part of an £8m investment earlier this year, which has also been used to develop new online learning products for customs staff, such as an electronic learning package and a new UK Customs Academy.

This latest funding on Tuesday (3) will go further, with the additional £16m to be invested to help ensure businesses have all the support they need to get ready for Brexit.

Businesses based in or with a branch in the UK can apply for funding ahead of the UK leaving the EU.

The grants can be used to support training costs for businesses who complete customs declarations, or who intend to in the future.

More For You

Asian firm acquires Kings Court Hotel for £2.75m

UK-based Nanak Hotels acquired the 60-room Kings Court Hotel in Warwickshire for £2.75 million. (Photo: Colliers International UK)

Asian firm acquires Kings Court Hotel for £2.75m

UK-BASED Nanak Hotels recently acquired the 60-room Kings Court Hotel, a 17th-century property in Warwickshire, England, for £2.75 million. This is the first regional acquisition by the privately held firm led by British Indians Harpreet Singh Saluja and Karamvir Singh.

Nanak Hotels, which operates a UK property portfolio, plans to invest in the property's refurbishment and repositioning, according to a statement from Colliers International UK, which brokered the transaction.

Keep ReadingShow less
Priya Nair becomes first woman CEO in Hindustan Unilever's history

Priya Nair (Photo: Unilever)

Priya Nair becomes first woman CEO in Hindustan Unilever's history

PRIYA NAIR has been appointed as the CEO and managing director of Hindustan Unilever Ltd (HUL), effective from August 1. She will be the first woman to lead the company in its history.

The announcement was made by HUL on Thursday (10). Nair, who currently serves as president, Beauty & Wellbeing at Unilever, will take over the role from Rohit Jawa, who will step down on July 31 to pursue other interests.

Keep ReadingShow less
UK business district
The Canary Wharf business district including global financial institutions in London.
Getty Images

Economy shrinks again in May, hitting Labour’s growth plans

THE UK economy contracted unexpectedly in May, marking the second consecutive monthly decline, according to official data released on Friday. The figures present a challenge for the Labour government as it attempts to revive economic growth.

Gross domestic product fell by 0.1 per cent in May, following a 0.3 per cent contraction in April, the Office for National Statistics (ONS) said in a statement.

Keep ReadingShow less
SBI UK cuts mortgage rates

The bank's commitment to green lending reflects focus on sustainability (Photo: Getty Images)

SBI UK cuts mortgage rates

BANKING major State Bank of India (UK) has cut interest rates on its buy-to-let mortgage products to help landlords reduce borrowing costs.

The bank said the rate cuts would help landlords invest in rental properties and meet growing demand for rental homes across the UK.

Keep ReadingShow less