The Chamber is in constant contact with local businesses & partner organisations. Through our Brexit Core Group we regularly consult with key individuals from numerous sectors to make sure we understand the concerns & aspirations of the business community regarding Brexit. We also take soundings from businesses through our five area branch committees, sectoral groups & the QES.
Coventry & Warwickshire Brexit Manifesto
The Chamber's priority business issues for a successful Brexit
Since the referendum vote we have been consulting with the business community to make sure we understand their concerns & aspirations regarding Brexit. The Chamber is in regular contact with Ministers, MPs, MEPs, the Bank of England, and other decision makers. The British Chambers of Commerce meets with Brexit Ministers and Civil Servants on a weekly basis, reporting on the concerns of Chamber members.
The Chamber’s key issues for a business friendly Brexit are:
1.Trade & Customs
- Secure the best possible terms of trade for British business with the EU27 with minimal tariff and non-tariff barriers
- A transition period to negotiate a mutually beneficial future trading partnership with the EU and to allow businesses time to plan & adapt for change
- Consultation with business on future priority markets for free trade deals
- Work with Chambers to develop a new UK origin model - to benefit exporters
- Future customs procedures at the UK borders to be developed in partnership with business
2. Labour Market
- Immediate certainty for business on the residency rights of their existing EU workforce
- Clarity for business on hiring from other EU countries during the transition period
- Future immigration & skills policy that allows business to meet demonstrable skills needs from the EU and the rest of the world and to foster homegrown talent
3. EU Funding
- Clarity on the future of regional development and what will replace ERDF. Consultation with the business community to develop a new funding system to support local and regional economic growth around the UK
- Maintain UK access to the European Investment Bank (EIB)
- Short term stability of the regulatory framework is essential & consultation with business on longer-term regulation
- A clear transition period for complex indirect tax issues facing businesses and trading partners
- Clarity on future tax system and future tax arbitration process.
The Core Group has identified other important issues,including-
- The need to encourage companies to substitute imports with UK produced items, and onshoring of production, and to encourage inter-trading more generally.
- Many C&W companies are part of supply chains (particularly automotive and aerospace). This is of particular importance to the area and must be monitored closely.
- The importance of reassuring existing and potential inward investors about their future in the UK.
The Chamber's priority issue for the remainder of the brexit process will be to help ensure that business gets the best possible result from Brexit Actions include:
The Chamber is in regular contact with Ministers, MPs, MEPs, the Bank of England, and other decision makers. Members’ concerns are fed back at these meetings. The British Chambers of Commerce meets with Brexit Ministers and Civil Servants on a weekly basis, reporting on the concerns of Chamber members.
The Chamber will maintain a full programme of seminars and speaker events on a wide range of topics. We will continue to run events to keep businesses up to date with the Brexit process & the key issues they need to be aware of in order to scenario plan and future-proof for Brexit. Check our latest events programme here
We will continue to support members to make sure they are prepared for any disruption caused by Brexit but also positioned to capitalise on new opportunities as they arise.
- Keeping businesses up to date with the latest negotiations
- Raising awareness of the AEO customs scheme which could help streamline processes post-Brexit
- Scenario Planning for a no deal outcome
- Putting in place a Foreign Exchange strategy to mitigate risk
For more information contact [email protected] or 024 7665 4321