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Information to support your business after Brexit

Brexit

Make sure you're ready to trade

Our number one priority is to serve and support you and your business as you navigate the new trading environment from January 2021.​ 

Depending on which sector you operate in, we’ve put together information to help you see what you’ll need to do from 1 January 2021. 

6 steps to prepare your business

The government website has a six-step plan focusing on the areas below so that you and your business are prepared for the future. Use the steps to make sure you know what changes you might need to make in each area.

There’s also a helpful checklist so you can see exactly where you are, what you’ve done and what you might still need to do.

  1. 01

    Customs

  2. 02

    Plant and animal controls

  3. 03

    Product compliance

  4. 04

    Supply chain

  5. 05

    Financial management

  6. 06

    Other points to consider

Support for your sector

All sectors

Enterprise Ireland's guide to developing a Brexit plan is available online until 29 January 2021.

Food, drink and agriculture

Read the Irish Food Board's key actions for businesses.

Tourism

See what Fáilte Ireland recommends for the tourism industry.

Managing your cash flow

The UK leaving the EU may lead to longer supply chains and more of your cash being tied up in stock or unused goods. It’s important to make sure you have enough cash flow and goods inventory.

There could be delays for a number of Irish businesses moving goods to, from or through the UK, due to how supply chains are connected. We have options that could help with your working capital needs.

SBCI Future Growth Loan Scheme

This scheme supports long term or planned investment and capital spending to help businesses develop and expand.

SBCI Brexit Loan

Support for businesses with working capital requirements as a result of the impact of Brexit. To find out if you are eligible please contact the SBCI to be assessed.

To apply for a loan or overdraft online you must be trading as a sole trader, partnership or company in the Republic of Ireland. 

Working capital

Boost your cash flow with a temporary overdraft facility.  Apply online* or speak to your Relationship Manager.

Asset finance from Lombard

Lombard supports borrowing for business assets, such as warehousing for stockpiling, and machinery.

Trade finance

Find out more about our trade finance options, including Letters of Credit, Bonds and Guarantees.

Help with your supply chain

Your supply chain may have changed since 1 January 2021. We've got tips and guides about protecting your business from supply chain disruptions, as well as plan for the future.

You can also find support from government and industry, including information about customs clearance and training.

Other things to think about

Manage the impact of exchange rate changes

Your business might be influenced by changes to the exchange rate. If you’re trading internationally, you could come across Foreign Exchange risk, where changes in price of currency could affect how much your business makes. 

NatWest Markets N.V. (Dublin Branch) offers a range of solutions to help you manage your Foreign Exchange risk.

Contact your Relationship Manager for more information, or click the link below to find out how to get in touch.

With change comes opportunity

The UK leaving the EU may provide opportunities to trade with markets that you may not have considered before.

Now could be the time to research new markets beyond the UK, launch new investments or consider diversification.

There is plenty of government support available to help you explore new market opportunities. 

Fraud

It’s also wise to stay aware of possible fraud threats that your business may face. Anyone can be the target of financial fraud and scams at any time.

Your best defence is to stay informed, alert and secure. As the banking industry changes, you should be especially wary of banking and online account scams.

Frequently asked questions and useful links

More information about Brexit and how it could impact your business is on our FAQs page.

Get in touch

Business banking customers

If you need to talk to us, please get in touch.

Personal banking customers

Personal customers can get in touch by using the link above.

Personal banking contact numbers