Step 5: Financial Management
- Published on: 9 November 2020
- Last updated on: 30 July 2024
Know your Break-even
Do you know your breakeven €/£ exchange rate for conducting business with the UK? You should consider this question and take the necessary steps to reduce your exposure, for example currency hedging.
How to Guides and Information
Watch the below video or click on the below link for information on financial considerations.
Video on financial considerations and facilitations that you can consider for your business:
| Managing Currency Risk - Watch Now |
| Financial considerations and facilitations that you can consider for your business (as above) - Watch Now |
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This page includes informaiton on preparing your business for customs changes due to Brexit.
Prepare your business for Brexit by identifying sanitary and phytosanitary (SPS) controls needed for live animals, plants and products of animal and plant origin (including wood and wood products).
Prepare for Brexit by ensuring you are compliant with import/export regulatory requirements, especially if you are importing/distributing goods from the UK post Brexit.
Prepare for Brext and review your supply chain for goods going to, from or through the UK including the route to final destination.
Avail of Government financial supports to help manage your cashflow e.g. by availing of the Brexit Loan Scheme and the Future Growth Loan Scheme.
Prepare for Brexit by ensuring that adequate protections are in place so that you can continue to transfer personal data if your business involves the transfer of personal data to or from the UK.