The EU’s General Product Safety Regulation (GPSR), which came into force on December 13, will add extra obligations to all UK businesses selling non-food goods into the EU and NI.
George Holmes, Managing Director of business finance specialist, Aurora Capital, reflects on what the regulations will mean for UK small businesses: “The upcoming GPSR changes represent yet another regulatory hurdle for UK small businesses already grappling with rising costs and economic uncertainty.
“While ensuring product safety is important, the extra paperwork and costs of compliance could overwhelm many SMEs, particularly those operating on tight margins or reliant on EU trade.
“For small firms, adapting to these new requirements could mean investing in new systems and potentially even hiring new staff to handle compliance.”
He added: “The government must act quickly to provide clearer, more accessible information on these changes.”