As UK-EU trade talks resume this week, Federation of Small Businesses (FSB) National Chairman Mike Cherry, called for more clarity to help the small business community.
He said: “The transition period will soon be at an end but the small firms that make-up 99% of our business community still have no clear sense of what they’ll be transitioning to.
“The economy is in a very different place today compared to the last time we were told to prepare for a no-deal outcome. Small firms don’t have the time or money to get across new bureaucracy or stockpile.
“Negotiators need to agree a small business-friendly deal, and swiftly.
“Given that small firms have been flat out managing coronavirus-linked disruption for the past six months, the Government needs to step in with substantial financial support to assist with transition preparations.
“Transition vouchers mark a sensible way forward: set sums that can be spent on expertise, tech and training that will ease the small business community’s move to a new relationship with the EU.
“If the Government wants firms to take preparatory action over the next few months, it needs to help them to do so. Business minds are, understandably, still very much focussed on coronavirus.”