SMALL and medium-sized businesses across Keighley which trade in goods with the European Union could receive cash aid.

Grants of up to £2,000 are available from the SME Brexit Support Fund, set-up by the Government to help businesses prepare for new import controls being introduced by this summer.

Alex Nicholson – of Armstrong Watson, business advisors and accountants – said: “Although a deal was agreed between the UK and the EU, this does not avoid the additional complexities and costs of moving goods across borders.

“In reality, the situation is more complex than a no-deal outcome, as businesses must now understand and apply ‘rules of origin’ to trade duty-free with the EU. Furthermore, they are also expected to navigate the raft of costly and time-consuming declarations which must be filed correctly to move goods smoothly and avoid penalties.

“This new money is hugely significant for businesses which have never had to deal with these complex issues before so they can get the help they need to implement the rules."

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