SMEs Trade with the EU 2022-07-21
2022-07-21
TAGS
Response quality
Questions & Answers
Q1
Partial Answer
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Context
The question addresses steps to support small and medium-sized enterprises (SMEs) facing challenges due to increased costs, paperwork, and border delays post-Brexit.
What steps she is taking with Cabinet colleagues to support small and medium-sized enterprises trading with the EU. Small businesses are facing increased costs, paperwork, and border delays, as confirmed by the Public Accounts Committee.
Small and medium-sized businesses make up over 60% of employment and more than half of all turnover from the UK private sector. The Department for International Trade is helping businesses overcome barriers imposed by the European Union when consumers seek to buy goods from outside the EU.
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Assessment & feedback
Specific steps or funding details are not provided
Response accuracy
Q2
Partial Answer
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Context
The question addresses the reintroduction of the SME Brexit support fund with a simplified application process and expanded remit to help businesses facing challenges post-Brexit.
Small businesses in Bath face increased costs, paperwork and border delays due to Brexit. Will the Government please reintroduce the SME Brexit support fund with a simplified application process and significantly expanded remit?
£38 million has been disbursed through the internationalisation fund to support businesses as they navigate changes from leaving the EU and seek opportunities elsewhere. The answerer undertakes to look at ways to simplify engagement for small businesses with the Department.
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Assessment & feedback
No commitment to reintroducing the SME Brexit support fund specifically
Response accuracy