What support UK businesses are likely to need?
Sales is obviously the required outcome but due to changes in behaviour and the current Covid-19 related environment, this might not be readily available. Therefore an investment in future proofing the business seems the understandably appropriate strategy, whether that is via finance or additional areas like infrastructure, marketing or forecasting.
Who supports UK businesses?
There is a vast amount of support and training available to UK businesses. Enterprises like Business West and Outset provide funded free support hours to businesses in the South West of England by signing up to their support programmes. Experts and consultants provide training and support. Reach out to relevant bodies in your area, usually your local LEP (Local Enterprise Partnership) will have details as well as curated information in regards to finance support opportunities.
Another good source for information on finance opportunities can also be found via the British Business Bank.
Compassion has played an important role in the current climate and waves of professionals and business communities who have had additional unexpected time have been proactively providing support via digital media. With home-working likely to remain a key feature moving forward this rather welcome tap of inspiration/wisdom/motivation/knowledge/insight will hopefully also be prevalent.
Do not be mistaken, it is going to be a hard slog for the majority of UK businesses. We will require a lot of additional support, whether it is finance or guidance and training. However it is also all in our hands – both consumers and businesses can support UK businesses by spending a higher percentage of income within the UK. Buy British should be a campaign that we can all get behind, strength in numbers could dramatically increase awareness and potentially save numerous businesses.
For businesses looking for support there is a vast amount available and is often curated by regional LEP’s so ensure you find out who yours is and what is available for your business.
There are reasons to be optimistic, opportunities are available and the changes in social trends and behaviour favour those that keep trying and provide support to their community.
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