Baffled by Brexit? Meet the Brexit Advisory Group.

July 2, 2018 12:08 pm

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Whatever your thoughts on the subject and however you voted, one thing is clear: Brexit is coming.  Of course, we don’t know yet what form it will take and how it will be implemented.  Nevertheless, businesses can’t wait.  They need to plan and prepare for change.  With this in mind, the East Midlands Chamber has recently set up a Brexit Advisory Group. 

What is the Brexit Advisory Group?

The Brexit Advisory Group aims to help East Midlands businesses navigate their way through the many questions and changes that our EU departure will create.  And help to ensure success afterwards.  This group is not only a useful tool to lobby government but it is also gathering data on local firms’ Brexit preparations.  Indeed, the Chamber’s second Quarterly Economic Survey of 2018 has a whole host of questions on the subject.  The answers to these questions will then help to inform both the group’s and the Chamber’s activities for the period between now and the UK’s departure from the EU.

Checklist available

One of the first things the Brexit Advisory Group did was publish a checklist.  This includes the recommended minimum businesses should be doing now to make the transition out of the EU as seamless as possible.  In short, the checklist sets out the main issues firms need to be considering now to best position themselves to succeed once we are no longer part of the EU.

Scott Knowlees is the Chamber’s Chief Executive.  Scott commented: “Despite there being only a year to go, considerable doubt remains over what the future holds for business.  With things to consider ranging from customs arrangements through to employing EU nationals to contracts and Intellectual Property rights.”

“In business terms, a year is a very short time to go through all current documents, processes and programmes used.  And revise all those that need it so that trading can continue post-Brexit.  Indeed, uncertainty is the hardest thing to deal with because you don’t know what outcome you’re aiming for.  So you have to plan for the worst case scenario while hoping for the best.”

“Our briefing paper sets out what we see, and what our members tell us, are some of the more critical elements of the Brexit process that companies need to be looking at today to ensure they can continue to trade globally tomorrow.”

More about the Brexit Advisory Group

The Brexit Advisory Group has been set up in collaboration with Chamber Strategic Partner RSM, one of the UK’s leading providers of audit, tax and consulting services.  It is chaired by Dr Nik Kotecha OBE, Chief Executive at Loughborough-based Morningside Pharmaceuticals.  Morningside has supplied quality pharmaceuticals and medical device products to global markets for over 25 years.

The group will shape and help deliver the Chamber’s wider Brexit influence and support programme, including its ongoing lobbying activities based on business intelligence and needs.  It will also lead MPs’ briefings regionally and at Westminster.  In addition to helping shape the Chamber’s 2018 Manifesto on Brexit and providing up-to-date information to businesses about potential outcomes of the UK leaving the EU.  This will be delivered through seminars, workshops and the media.  Find out more.

Free downloads available

The Brexit briefing paper (PDF) and Word checklist document, both published by the Chamber, are available for free electronic download from its website.  This is a checklist of things businesses should be focusing on now to minimise future risks resulting from Brexit.  It is not a definitive list but is a guide to what businesses need to be considering today.  Of course, there will be updates as we get closer and closer to Brexit day.

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