Brexit preparation grant

The Brexit preparation grant is a specific product which provides financial assistance to our customers to prepare for the changes and challenges presented by Brexit.

The Brexit preparation grant can be used to, strengthen operational capability, help develop contingency plans to mitigate the impact of Brexit and assess Brexit-related risks that could impact on your business such as: supply chains and procurement; customs, tariffs and taxation; export market opportunities; access to skills and labour; contractual arrangements; and transport and logistics.

The grant will offer customers financial support up to a maximum of £50,000 at a rate of up to 50%, to plan for the post-Brexit environment

Eligible support includes:

  • Grant assistance up to 50% of one year’s salary, to a maximum £20,000, to engage a new or re-deploy an existing member of staff in a Brexit preparation project
  • Assistance up to £10,000 for a maximum period of 12 months, for office rental located outside the UK, for market research purposes
  • Up to a maximum £25,000 for specialist consultancy fees for Brexit-related activities

The Brexit Preparation Grant is only available to existing Invest NI customers

The criteria to become a customer with Invest NI is as follows:

  • Reach a turnover of £250K per annum within 5 years; and
  • Achieve at least 25% of those sales outside of Northern Ireland.

You will also need to demonstrate growth potential, which is defined as:

  • Potential employment growth >= 20% or >=20 jobs within 3 years; or
  • Potential external sales growth >=20% or >=£500k within 3 years; or
  • Potential increase in GVA / employee >= 20% within 3 years

Customers can also avail of Invest NI’s wider capability development and financial support. To find out more, visit: Invest NI support for business.

 

Not sure that this support is right for you? Contact us and we can explore options for your business together.

Our support may be subject to some eligibility criteria.

 

Brexit news

Advice and support on CE Marking
Colin Graham
Apr 10, 2019
CE marking is a type of certification mark for certain types of products that declares conformity with the applicable EU health, safety and environmental protection legislation and standards. Invest NI launched its 2019 CE Marking seminar series this month.
Alastair Hamilton launches the Get Ready for Brexit campaign
Alastair Hamilton, Chief Executive
Feb 25, 2019
Invest NI’s Get Ready for Brexit campaign highlights the support available to help businesses build resilience into their operations. Watch our video to find out more.
Leaving the EU: actions to take now to be ready for No Deal
David Roberts, Invest NI Economist
Feb 06, 2019
HMRC is stepping up activities to advise businesses of what they need to do to continue to import and/or export goods with the EU in the event of a no deal Brexit. Read our feature to stay informed.
How can businesses prepare for the data protection implications of a No Deal EU Exit?
David Roberts, Invest NI Economist
Feb 04, 2019
In the event that the UK leaves the EU on 29 March 2019 without a deal, UK businesses will need to ensure they continue to be compliant with data protection law.
Recruiting workers from the EU – The differences in a Deal and No Deal scenario
David Roberts, Invest NI Economist
Feb 01, 2019
The Government published guidance this week on the rights which EU citizens, excluding Irish citizens, will have to come to work in the UK after 29 March 2019 in the event of a No Deal Brexit outcome.
HMRC advice for firms trading with the EU
David Roberts, Invest NI Economist
Dec 06, 2018
HMRC is writing this week to all NI businesses who import or export goods with EU Member States, other than the Republic of Ireland.
Brexit looms large over Autumn Budget
David Roberts, Invest NI Economist
Nov 02, 2018
Budget statements are traditionally delivered on a Wednesday, the last Monday Budget was in April 1962.