business brexit checklist and what you need to do



business brexit checklist and what you need to do

The British Chambers of Commerce has issued a Business Brexit Checklist to help with the uncertainty that we have at the moment

The UK’s impending departure from the European Union will bring change for businesses of every size and sector.

While some companies are planning for the challenges and opportunities ahead, Chambers of Commerce believe that all firms, not just those directly and immediately affected, should be undertaking a Brexit ‘health check’, and a broader test of existing business plans.

Time spent thinking through the changes that Brexit may bring to your firm could yield real dividends in future. There are steps that businesses of all sizes can take now to start planning ahead.

Recent Chamber surveys have asked:

1) Have you or your management team devoted time to considering the potential consequences of Brexit – direct or indirect, on your businesses?

2) If you have one, have you consulted with your Board of Directors on Brexit, or scheduled an opportunity to do so?

3) Have you mapped your supplier and customer base, and considered how changes in the UK-EU trade relationship could affect them?

4) Have you checked to see if your sector is included in the planning notices issued by the UK Government and European Commission?

The checklist has been prepared in response to BCC research on business preparation, and in response to member queries and the information available from government. We hope you find it useful as a basis for business planning at both operational and Board level.

Your firm doesn’t have to navigate Brexit alone. Contact your local accredited Chamber of Commerce to find out how your Chamber can support you.

See the checklist here – Business Brexit Checklist