Denmark pledges support for Brexit-hit businesses

Denmark pledges support for Brexit-hit businesses
Businesses minister Simon Kollerup presented the no-deal Brexit provisions at clothing store Les Deux, a small business in Frederiksberg. Photo: Liselotte Sabroe/Ritzau Scanpix
Small and medium-sized Danish businesses are to be given state support as they prepare for the impact of the UK’s exit from the European Union.

Businesses will be helped by the government if they face difficulties as a result of a no-deal Brexit, which could occur on October 31st.

Minister for business Simon Kollerup announced the government initiative at a press conference on Wednesday morning as he presented a plan of action which included 50 million kroner of spending.

“Brexit will turn things upside down for a lot of Danish businesses, whether they export goods to the UK, use British suppliers or maybe have staff over there [in the UK, ed.],” Kollerup said in a press statement.

Customs, checks on food exports and the end of free data flows are among the issues that could have a major impact on businesses, should the UK leave the EU without provisions for these.

“Particularly for small companies that can’t afford to dedicate a member of staff to specialize in the situation and prepare the company for Brexit, this can be a large and challenging matter, and in the end it will affect us all,” Kollerup continued.

“That’s we the government sees it as all of our jobs to ensure that consequences are reduced as much as possible for companies so that a bad situation doesn’t get worse,” he added.

The plan presented by the government includes information and guidance for businesses, encompassing rule changes related to Brexit and how companies can prepare for them.

Increased opening hours and staffing at relevant authorities will be implemented in an effort to keep administrative delays to a minimum.

Additionally, companies can apply to Danmarks Erhvervsfremmebestyrelse (Danish Business Support Board) for assistance in preparations for Brexit.

That could include financial support for external consultations, training or advice relating to potential changes to export rules.

The Danish businesses support board is able to allocate EU Structural Funds in order to promote business.

Meanwhile, the government has budgeted a total of 49 million kroner for assistance for companies in the event of a no-deal Brexit.

READ ALSO: Denmark's no-deal Brexit provisions: What British residents need to know

Are you a British resident of Denmark and could your situation be affected by a no-deal Brexit? Are the any particular areas or issues you'd like answers on? Let us know and we'll try to find out.

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