The impacts of a no-deal Brexit on business and industry

The European Council agreed to delay the United Kingdom’s withdrawal date until 31 January 2020.

At the request of the UK, the Withdrawal Agreement and Political Declaration adopted by the EU member states in November 2018 were partly renegotiated in autumn 2019. The European Council (Art. 50) endorsed the revised agreement and approved the revised declaration on 17 October 2019. The British Parliament and the European Parliament still have to give their consent to the agreement.

The potential no-deal withdrawal of the United Kingdom of the European Union would affect the work permits of UK citizens in Finland, trade licences, goods trade, industrial property rights and patent issues. A no-deal Brexit means that the United Kingdom leaves the European Single Market without a withdrawal agreement and without any transition periods.

On this page, you will find information and links to information sources regarding the impacts of Brexit in the administrative sector of the Ministry of Economic Affairs and Employment.

Impact on citizens

Following a potential no-deal Brexit, the citizens of the United Kingdom will no longer be EU citizens; they will become so-called third-country nationals. The provisions regarding free movement within the EU will no longer apply to them; instead, their residence and right to work will be governed by the EU’s immigration directives and national legislation.

In Finland, the no-deal Brexit will affect approximately 5,000 UK citizens living here. UK citizens living in Finland  may continue to stay, live, work and study in the country and receive social security benefits until the end of 2020 provided they  register their right of residence as EU citizens before the no-deal Brexit enters into force.

Read more about the impact of Brexit on citizens

Impact on businesses

The withdrawal of the United Kingdom from the EU will affect the trade licences of businesses, goods trade between Finland and the United Kingdom and IPR and patent issues.,

Read more about the impact of Brexit on businesses

Impact on EU research and innovation cooperation

In the event of a no-deal Brexit, the status of UK participants in the EU Research and Innovation Programme Horizon 2020 would change to that of third-country participants. In other words, they could participate in the projects funded by the programmes but not receive funding from the EU.

The European Commission, which is responsible for the implementation of Horizon 2020, will outline how to deal with ongoing projects in the event of a no-deal Brexit.

More information:
UK Government website on Horizon 2020
UK Research Office factsheet on Brexit
Horizon 2020 Liaison Office of Finland (website in Finnish)

Links to more information concerning Brexit

Contact person at the Ministry of Economic Affairs and Employment
Johanna Rihto-Kekkonen, tel. +358 295 047 121