A new Government guarantee scheme will give exporting small and medium-sized enterprises (SMEs) the working capital they need to “recover from Covid-19”. The new initiative, known as the General Export Facility (GEF), will help businesses by covering the costs of international trade, such as insurance and customs intermediaries. According to […]
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The UK has signed a Partnership, Trade and Co-operation Agreement with North Macedonia, securing continued preferential access with the UK’s largest trading partner in the Western Balkans. Trade between the UK and North Macedonia was worth £1.8 billion in 2019 and the agreement means that trade can continue on the […]
HM Revenue & Customs (HMRC) has confirmed that access to the European Union VAT refund system for expenses occurred before 01 January 2021 will cease on 31 March 2021. After this date, UK businesses wishing to claim a VAT refund will have to do so manually through the relevant member […]
The UK has secured a free-trade agreement with Kenya as it looks to complete a sixth post-trade agreement in Africa. The agreement is set to secure trade between the UK and Kenya after the Brexit transition agreement comes to an end on 31 December, with companies benefitting from duty-free access […]
According to new figures from the Association for Financial Markets in Europe (AFME), despite the Brexit transition period the UK continues to be the leader of Europe’s finance and technology (fintech) community, as other countries fall behind. The calculations of this ranking is worked out from the countries’ availability of […]
A new Office for Investment (OfI) has been created to help fund public and private sector projects in the UK and overseas. The new OfI will not only help overseas businesses to seek out high-value investment opportunities, but it will also look to bolster investment in research and development across the […]
The new UK-Japan free trade agreement will allow the pharma industry to continue trading “largely as they do now”, the Association of the British Pharmaceutical Industry (ABPI) has said. The deal, announced last month, comes ahead of the end of the Brexit transition period, after which the UK will be […]
The UK’s new freeports will benefit from a package of tax reliefs that will drive investment and create jobs, it has been revealed. The news comes as the Government announced that the Freeport bidding process in England will open before the end of the year. Under the plans, goods brought […]
For the first time in over 20 years, UK businesses are now eligible to export beef to the US market – an achievement owed to the ongoing process of negotiations between the UK Government, the Agriculture and Horticulture Development Board, and industry groups. Back in March 2020, when the Government […]
As the EU and UK once again return to negotiations over a new deal, businesses remain uncertain exactly how trade will continue once the transition period ends on 31 December 2020. Up until recently, the UK Government was said to be focusing on a Canada-style deal, but as negotiations ground […]