Welsh Government

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EU Transition FAQs

Through our engagement with individuals and businesses across Wales, we’ve learned that you’d welcome early guidance from us. On this page you can find information on some of the most frequently raised topics and links to related support. We intend on updating this page on a regular basis, responding to any queries you have. 

So if there’s any EU transition related issues you’d like information on, just drop us a line on our Business Wales Contact Us form. 

Yes. The UK is the largest recipient of foreign direct investment in the EU and much of this is due to advantages that have little to do with its EU membership and are not impacted by departure.  Factors which continue to make us a very attractive place for FDI as well as indigenous businesses to invest include:

  • we have a very open economy, and it’s easy for foreign investors to own or start up a businesses
  • having a very competitive tax and regulation system and are seen as a safe place to invest
  • having deep capital markets and a large number of publicly-listed businesses
  • the Welsh Government has direct contact with its businesses and entrepreneurs

For further information on how the Welsh Government helps foreign businesses invest in Wales visit the Trade and Invest website or call 03000 6 03000.

Yes. The UK will remain a member of the Single Market as long as it remains in the EU and the situation will not change until the UK leaves the EU. While it is not possible to predict what future trading arrangements will be, there are reasons to be optimistic as many non-EU countries, such as Norway and Switzerland, have very good trade balances with the EU, and being outside the EU may mean less onerous regulatory requirements for some UK businesses.

The UK will remain part of Europe, with the remaining EU states on the UK’s doorstep. High levels of trade took place before the Single Market and will continue after the UK leaves the EU.

Nothing changes for the moment. The UK remains a member of the EU and the UK economy is in a strong position. This position of strength will continue as the UK and the Welsh Government carefully help businesses manage change and exploit opportunities as the UK prepares to exit the EU.

The EU accounted for 44% of our exports and 53% of UK imports in 2015. This level of export has decreased in the last decade while the proportion of British trade accounted for by the rest of the EU has fallen, and non-European markets have become more important for UK exporters. The economies of countries like China and India are expanding more rapidly than EU countries and our exit from the EU may make it easier for the UK to trade with non-EU countries. We will keep you fully updated on future export opportunities.

Yes. To get started you can visit the Business Wales Export Zone. 

If you’re serious about trading more outside the UK you can:

  • get support from our Business Wales export advisers – just phone 03000 6 03000
  • join our regular overseas trade missions 

Confidence is key to investment. Clearly the detail and planning behind an investment remains the most important consideration. Business Wales can provide advice, a mentor or support that may assist to assess your plans and proceed with confidence. Send us an enquiry, take a look at our Business Wales website or call us on 03000 6 03000.

Yes. Until the UK leaves the EU the rights of workers from other EU states currently employed in the UK, or looking to work in the UK, will not change.

The rights of workers from other EU states may be affected in the future. However, any changes to the principle of free movement, if made, are some way off and still too uncertain to cause radical alterations to recruitment strategies as yet.