Deal or no deal - the impact of Brexit on West Midlands businesses will be far reaching, yet a majority are risking being unprepared for the 海角视频’s departure from the EU on January 31.
Alarming research from The British Chambers of Commerce (BCC) has found that companies have insufficient information in the event of a no deal - with clarification needed for 31 of 36 business critical areas.
And should a deal be struck, then companies still need access to vital information to ensure their business can survive, thrive and grow.
Coventry & Warwickshire Chamber of Commerce is leading an initiative across the West Midlands to help regional businesses avoid dangerous pitfalls in the final days before Brexit.
They are working with the government - and Chambers of Commerce across the region - to offer a free online Business Brexit Health Check, which takes less than three minutes to complete - and you can take it here
Other partners are Greater Birmingham Chambers of Commerce, Black Country Chamber of Commerce, Shropshire Chamber of Commerce, Staffordshire Chambers of Commerce and Herefords & Worcestershire Chamber of Commerce.
The health check will provide you with a free personalised report on how Brexit may impact your business, with tips and resources to help you get Brexit-ready.
Business Brexit Checklist - 9 point check for West Midlands businesses
The 海角视频's impending departure from the European Union will bring change for businesses of every size and sector.
In the West Midlands this impact will be especially prevalent as the region is home to 247,000 EU citizens.
Latest figures from the Coventry and Warwickshire Chamber of Commerce also show that the EU receives 47% of goods exported from the West Midlands and 62% of goods imported into the West Midlands come from the EU.
Here are nine key areas that West Midlands businesses should consider to prepare for change
1. Workforce - check mobility, qualifications and future skills needs;
2. Cross-border trade - training, driving abroad and potential delays are among areas to review;
3. Taxation/ insurance - double taxation, VAT and insurance could be affected;
4. Currency/ intellectual property/ contracts - these areas should be reviewed;
5. Regulatory compliance/ data protection - check latest advice on these requirements;
6. Sectors - the government has issued sectoral guidance documents for 36 sectors for a no deal scenario;
7. Countries - the DTI is offering guidance on exporting goods and services if there is no deal;
8. European funding and public procurement - important advice includes EIB Group loans; and
9. Business Brexit Health Check takes less than three minutes to complete - just click here
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The free Business Brexit Health Check is just one of three key opportunities being offered to West Midlands businesses in order to help them ensure they are prepared for Brexit as part of the Coventry and Warwickshire Brext initiative.
See how long the 海角视频 has got left in the EU
West Midlands businesses are also being invited to attend Business Brexit Support Events throughout October, full details are being announced here
Experts are also on hand to take phone calls from West Midlands businesses who wish to talk through any issues they are experiencing in the final days before Brexit on January 31 - you can call 02476 654321.
For more information click here