With Brexit on the horizon, it isn't too late for your SME to understand its needs post-Brexit and get support to prepare. Businesses are being encouraged by the Greater Birmingham Chamber of Commerce and its partners to take up a free online tool to help speed up and simplify the process.
In response to a short set of simple questions about their operations businesses receive a free report, highlighting the key areas that may be exposed to Brexit related change and tips on how to prepare. It has been launched by the West Midlands Combined Authority, Greater Birmingham Chambers of Commerce, Black Country Chamber of Commerce & Coventry & Warwickshire Chamber of Commerce.
The Business Brexit Health Check is:
Analysis of responses to the Health Check between the 28th May and 31st July 2019 revealed that businesses selected an average of 8 areas where they could be impacted by Brexit. However, only 52% reported having discussed the potential implications of Brexit at Board and Senior Management level and only 38% report having undertaken a thorough Brexit risk assessment on their operations.
Paul Faulkner, CEO, Greater Birmingham Chambers of Commerce said:
“It’s clear from these results that there are a lot of firms that could be impacted by a no-deal Brexit who aren’t yet taking practical steps to prepare.
“While we will continue to lobby against a chaotic Brexit, it makes good business sense for all employers to ‘take a look under the hood’ of their business, identify any potential risks arising from a no deal Brexit and take steps to reduce their exposure to those risks."
“Many businesses are put off starting to prepare by thinking it’s going to be overly time consuming and complicated. That’s why we created the Business Brexit Health Check, to make it as quick and easy as possible for businesses to get the information they need on how they might be affected and what they can do about it.”
Businesses at a the launch of the Business Brexit Health Check.
Speaking about the launch of the Business Brexit Health Check in May 2019, Andy Street, Mayor of the West Midlands said:
“In order for businesses across the West Midlands to make a success of Brexit they need accurate, up-to-date, and easily understood information. Big businesses will have the resources and technical expertise to understand Brexit’s implications – but small businesses, charities, and many other organisations do not."
“That is why the WMCA has joined forces with the three chambers of commerce to release the Business Brexit Health Check tool, which will help put the certainty back into Brexit planning.”