Finance to help prepare for Brexit

Loans are available for between six months and three years.

Anti-Brexit campaigners wave Union and European Union flags outside the Houses of Parliament, London. Picture: PA

A new scheme to help small businesses prepare for Britain’s exit from the single market and customs union has been launched by the Government.

The new Microfinance Ireland (MFI) Brexit Business Loan will provide up to €25,000 to businesses whose turnover already has fallen, or is likely to fall, 15% or more, or if the business has a short-term cashflow need as a result of Brexit.