Solent LEP launches FREE UK Transition Toolkit to help businesses navigate the EU Exit

Venturefest South partner, Solent LEP has today launched a free online tool to help businesses navigate their way through the transition of the UK leaving the European Union (EU).

The UK Transition Toolkit provides businesses in the Solent with an invaluable review of their current position in a range of key areas including contracts, workforce, cross-border trade, compliance and data protection.

Developed to support businesses based in the Solent area to adjust to the transition of the UK leaving the EU, the toolkit allows firms to create a bespoke report on their current readiness and allows them to benchmark against others in their industry. In doing so it provides tailored information on what actions to take in order to access support for the most needed business areas, including webinars and resources.

The toolkit plays a crucial role on the new online UK Transition and Overseas Trade Hub which acts as a central base of information whether you’re self-employed, a small or medium-sized enterprise (SME) or a larger business looking to prepare for the changes. The transition period ends on 31 December 2020 and it will affect businesses of all sizes. The UK Transition and Overseas Trade Hub includes information on important topics such as contracts, workforce, cross-border trade, compliance and data protection.

Brian Johnson, Solent LEP Chair, said:
“With the EU transition period coming to an end at the end of this year, it is vital that businesses in the region are as prepared as possible for the changes which lie ahead. Not only will there be immediate challenges to overcome but a longer term strategy will need to be considered at the earliest opportunity.

“With the launch of the Transition Toolkit and the Transition and Overseas Trade Hub, we plan to keep businesses across the Solent informed of everything which could affect them and encourage them to use our tools to ensure their business is as prepared as possible. Our Solent Growth Hub team is also available if any businesses are seeking support or assistance in relation to business planning for the coming months.”

The UK Transition Toolkit has been designed to be completed by members of a company’s management team who will have oversight of all operations. Taking approximately 15-20 minutes to complete, it produces a downloadable report that will inform the development of a road map to transition business operations after the transition period of the UK leaving the EU is over. It will also signpost a range of resources, both locally and nationally, to help the business transition.

Click here to use the UK Transition Toolkit