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 The Union Jack in front of the Flag of Europe

Brexit and beyond

Preparing for change

There are steps you can take to get your business ready for the changes ahead.

Moving forward

What does the UK’s new post-Brexit relationship with the EU mean for your business?

The post-Brexit transition period has ended, marking the start of a new trading relationship between the United Kingdom and the European Union.

Beyond the transition period

All businesses should have plans for dealing with uncertainty – Brexit included. We’re here to help you make sure they’re in place. Read our checklist to see what the end of the transition period could mean for your business.

Initiatives for UK businesses

We’re continuing our initiatives to support SMEs including

  • A £14 billion dedicated Barclays lending fund to help you invest for the future1
  • Specialist webinars on continuing to trade with the EU, growing globally and unlocking international opportunities
  • Business banking experts to help you respond to challenges and opportunities with confidence
  • We’ve committed to the SME Finance Charter and its five principles. Read about how we’re delivering on these commitments

 

Five things to consider

Key areas that you might need to think about

  1. Do you export goods to the EU?
    Make sure you have a GB EORI (Economic Operator Registration and Identification)

  2. Do you import goods from the EU?
    Review VAT rules for importing at gov.uk/transition

  3. Do you employ EU nationals?
    Support your employees through the EU Settlement Scheme

  4. Will currency volatility affect your business?
    Speak to us to see how we can help

  5. Have you mapped your supply chain?
    Talk to us about your cashflow and invoice finance

Start-up support for after the transition period

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Exporting guidance

The key information and guidance you need to know if your start-up exports to the EU, and how that process will change.

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Import changes

The key information and guidance you need to know if your start-up imports from the EU and elsewhere.

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Getting your start-up ready

There are five key areas start-ups should consider to get prepared, says Darren Farnell, Head of Barclays Business Banking Telephony Relationships UK.

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Managing currency exposure

Paul Bowman, Vertical Head of International, Barclays Business, explains the currency volatility risks facing your business and how to mitigate them.

More support for your business

Guidance, information and insights about preparing for the UK’s trade negotiations from professional bodies, the UK government and Barclays Investment Bank.

UK Finance – Let’s Talk Business

UK Finance is the collective voice for the banking and finance industry. They have prepared a range of tools and checklists to help businesses prepare their finances following the end of the transition period.

British Chambers of Commerce

The BCC is helping businesses consider how they plan for the future. Its Brexit Hub contains useful guidance on preparing your business.

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GOV.UK

GOV.UK’s transition site contains a range of information and guidance for both businesses and individuals.

Barclays Investment Bank research

Research highlights some key considerations of the UK/EU negotiations from Barclays' macroeconomic market experts and analysts.

How businesses are preparing

We’ve seen plenty of change across our 329-year history, so we’re well-placed to guide
and support UK business through the UK’s future trade negotiations.

Change can be hard, but with the right help and support, it can be a positive thing. So whether you’re an established business looking for ways to adapt, or a new business still finding your way, we have a wide range of guides to help take your next important steps.

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Business money management

Help keep your business finances healthy

Develop your business money-management skills with our guides on managing cashflow and adapting to coronavirus.

Exploring international opportunities

Fundamental changes to the way we deal with the EU means UK business may need to rethink existing trading arrangements and embrace new markets.

  • The basics of international trade

    Understanding global trade

    The prospect of exporting can make many businesses apprehensive, even those with experience of it. We answer some of the most commonly asked questions on exporting – and cut through the jargon.

    International trade support

    Whatever stage you’re at with your import or export business, our aim is to support you every at every step.

    Here are some of the ways we can help you to thrive and seize new opportunities.

    How we can help

    Whether you’re importing or exporting, starting out or expanding further, we have the tools and services to help your business grow abroad. Plus, our team of expert International Managers is here to support you along the way.

    Planning for export success

    Some businesses fall into exporting accidentally. But having a clear strategy and a well-thought-out export plan from the outset will go a long way to maximising your chances of success.

  • Expanding your business abroad

    Growing your export business

    If you’re already exporting successfully, you can apply the lessons you’ve learned to expand your international business, but expanding into new markets still takes careful planning.

    The secrets to international expansion

    Doing business on the international stage can seem daunting, but for many entrepreneurs, overseas expansion is a vital part of their business journey.

    Export tips from successful businesses

    Expanding your business overseas can be a challenge, so here are some practical tips from businesses that have found success in international markets.

    Is your export business ready for disruption?

    How to be resilient in uncertain trading conditions

    Most export businesses will be exposed to changes in the trading environment that are beyond their control at one time or another, so here are some tips on building your resilience.

You may also be interested in

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Doing business abroad

We’ll help you expand overseas

Whether you’re importing or exporting, starting out or expanding further, we have the tools and services to help your business grow.

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Borrowing for all businesses

You know your business, we know how to help

It’s the hardest job you’ve ever done. Whether you’re just getting off the ground or planning to expand, we know how to help.

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Invoice finance

Unlock cash tied up in your invoices

A quick and easy way to improve cashflow so you can seize business opportunities – provided by our partner MarketFinance.

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Help protect your business from fraud

Learn about scams that target businesses

Find out how we help to protect your business and see what you can do yourself to stay digitally safe.

Other Brexit resources you might find helpful

Brexit resources

Doing what we can to help you prepare

The Brexit transition period is coming to an end. From January 1, 2021 the impact of the UK’s new position outside the EU will become clearer, and there could be some important changes in several aspects of your life – including work, travel, and your finances.

Brexit and the EEA

Changes that could affect your accounts

If you have an address outside the UK, but within the European Economic Area (EEA), you may face changes to your banking and investment products and services in the future.