Brexit advice
 

Importation of animal products into Ireland from the UK from the date the United Kingdom exits the European Union

 

From the date the United Kingdom exits the European Union, the introduction of animal products from the UK into the EU will be subject to veterinary controls at the point of entry in to the European Union. If you are an importer of animal products from the UK which are subject to veterinary controls, you are required to comply with the import conditions as laid down in EU legislation. For more information see the recently published Trader Notice from the Department of Agriculture.  

 

Be financially prepared for Brexit

 

Despite the ongoing uncertainty we must continue to be ready for Brexit. One way to do this is to ensure that your business has access to funding to address cash flow and working capital issues that may arise due to the challenges posed by Brexit.

 

Listed below are several government schemes available to eligible Irish businesses to support future working capital requirements, innovation, change or adaptation of the business to mitigate the impact of Brexit.

 

Several financial providers have also put in place funds and provisions to support small firms at this time. Members are reminded that the Credit Review Office provides an independent review process for SMEs, sole traders and farm enterprises that have had requests for credit refused or had existing credit facilities reduced or withdrawn.

  • 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.
  • Start to Plan Voucher Scheme (through InterTradeIreland) offers SMEs advice and guidance to help navigate their way through Brexit. The vouchers offer 100% financial supports of up to £2,000/€2,250 (inclusive of VAT), towards professional advice in relation to Brexit matters. This support can help businesses get advice on specific issues, such as the movement of labour, goods, services, customs, logistics and financial issues such as VAT and currency management.
  • The Trading Online Voucher Scheme is designed to assist small businesses. It offers financial assistance of up to €2,500 along with training and advice to help your business trade online. Participating in this scheme can make the process of trading online much easier for you.
  • The Technical Assistance for Micro-Exporters (TAME) grant supports LEO clients to explore and develop new export market opportunities. This scheme is a matched funding opportunity with up to €2,500 available to eligible businesses. Under the scheme costs incurred when investigating, researching and accessing export markets can be part funded.
  • Microfinance Ireland offers loan funding up to €25,000 to both new and existing small businesses in the Republic of Ireland.
  • Local Enterprise Offices offer several other financial supports see for more information.

If you require additional information, please contact SFA Senior Executive, Elizabeth Bowen on elizabeth.bowen@sfa.ie or 01 605 1626.

Facebook Twitter LinkedIn Del.icio.us Digg Yammer
In this issue
SFA E-zine - The Tuesday Edition
Recent press coverage
Brexit advice
Transfers of data to the UK following Brexit
Change to immigration arrangements for spouses and partners of Critical Skills Employment Permit holders
Banking and financial services consultation
Training directly impacts the bottom line and employee engagement
Smart Business Workshops
Cybersecurity and GDPR one year on
SEAI Energy Show: Your opportunity to save money & energy
SFA Smart Business Conference 2019
Upcoming course in safety awareness for managers on 4 April