Chemicals

The Chemical Industries Association (CIA) is urging chemicals sector companies to put contingency plans in place to make sure they’ll be able to continue operating even if the UK and the European Union (EU) are unable to reach a post-Brexit free trade agreement.

The complexities of customs arrangements can be challenging – particularly in the chemicals sector, which depends on numerous imports and exports as products are manufacturers and during their subsequent lifecycle.

As well as coping with the impacts of the coronavirus crisis, the UK’s chemical businesses are also having to plan ahead for arrangements once the transition agreement comes to an end following the UK’s departure from the European Union (EU) in January.

Santander continues to work extremely closely with partners and customers from across the chemicals sector as they focus on the challenges posed by the coronavirus pandemic.

In particular, it is important, amid the crisis, not to lose sight of potential opportunities. Susan Brench, Santander’s chemical sector adviser, this week shared her thoughts on medium- to long-term opportunities potentially emerging from the pandemic (read her insights here).

Santander is working closely with clients and colleagues across the chemicals sector as it responds to the coronavirus pandemic. One of the key issues in the sector in recent weeks has been the availability of the substances needed to support the testing of key workers and suspected virus carriers.

We’re working closely with clients and colleagues across the chemicals sector as it responds to the Covid-19 pandemic. Given the key role that the sector plays in combating the virus, we’re highly supportive of efforts by the Chemical Industries Association (CIA), of which we are a member, to ensure the Government allows the industry to continue operating throughout the lockdown period.

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