What is the Brexit Readiness Vouchers?
The Brexit Readiness Vouchers offers financial support up to £2000/€2250 (inclusive of VAT) towards professional advice in relation to Brexit matters. The new Brexit Loan Scheme, which was announced in the 2018 budget, will provide affordable financing to businesses that are either currently impacted by Brexit or will be in the future. The Scheme, which will be delivered by the Strategic Banking Corporation of Ireland (SBCI) through commercial lenders will make €300 million available to eligible businesses with up to 499 employees at an interest rate of 4% or less.
Eligibility criteria:
To qualify for financial support your business must:
- Be located on the island of Ireland (North or South)
- Trade across the border (NI/ROI)
- Employ less than 250 employees
- Have an annual turnover of less than €50m (sterling equivalent)
- Have a satisfactory trading history (we reserve the rights to request submission of financial accounts)
There are certain exclusions in line with specific State Aid guidelines, such as primary agriculture – please contact the Brexit Team at InterTradeIreland. These supports can already assist businesses improve their resilience and prepare ahead of the end of the transition period. The July Jobs Stimulus also included a €20 million Brexit package to help businesses involved in exporting and importing with the UK to prepare for the new customs arrangements and regulatory requirements that will apply from 1 January 2021. In addition to the Brexit supports already available, this includes a new “Ready for Customs” grant of up to €9,000 available through Enterprise Ireland.
