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Business: Finance

Department for Business, Energy and Industrial Strategy written question – answered on 17th October 2019.

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Photo of Tom Brake Tom Brake Liberal Democrat Spokesperson (Exiting the European Union), Liberal Democrat Spokesperson (Duchy of Lancaster)

To ask the Secretary of State for Business, Energy and Industrial Strategy, how much of the the £15 million Brexit readiness fund has been disbursed to businesses; and in which sectors those businesses were.

Photo of Nadhim Zahawi Nadhim Zahawi Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

The Business Readiness Fund was set up to help to prepare businesses for leaving the EU on 31 October. £10.4M has been approved across 133 successful bids, with just under £8M already paid to Business Representative Organisations. Applications have spanned a wide range of sectors (including manufacturing, retail and life sciences) and are from across the UK, including Scotland, Wales and Northern Ireland.

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