Small Business: EU Exports
Debate between Baroness Ludford and Baroness Bloomfield of Hinton Waldrist
Baroness Bloomfield of Hinton Waldrist (Con)
I do not recognise the advice the noble Lord refers to. These are early days and we are still in the first month after the end of the transition period. Decisions on whether to offshore business operations will be commercial decisions for those companies, which we would not welcome. We are committed to ensuring that businesses have access to a range of support to help them navigate these complicated new trading arrangements with the EU through support services, including those provided by the Department for International Trade. We will continue to engage with businesses about the issues they face to refine our support further.
Baroness Ludford (LD) [V]
My Lords, the Minister says that the Government are not only offering affected businesses advice on dealing with red tape, they are also offering them loans. This is all very well but recognises the extra costs. Government officials seem to be making suggestions which involve more costs, such as moving operations to the EU or appointing customs specialists. What prospect can the Government offer them of discussions with the EU resulting in streamlining of the bureaucratic burdens and associated costs? That, of course, requires an atmosphere of good will, which is not helped by some of the disputes going on at the moment.
Baroness Bloomfield of Hinton Waldrist (Con)
The noble Baroness makes a number of very important points. The Government have provided the £20 million fund to help SMEs adapt and this includes grants, not just loans, of up to £5,000 to help them through this. In answer to the question on the Trade and Co-operation Agreement, it establishes a standard set of committees and contact points to oversee its operation and run the trade partnership, as well as providing for technical discussion across all other areas. A series of grace periods are agreed in the TCA, including on rules of origin, with evidence of third-party suppliers not required until 2022.