Business help for a challenging economic climate
Use our tools and guides to get advice that could help your business during the economic slowdown
Whatever the economic conditions there is always a need for businesses to take stock and think about their business practices. We have a range of resources that can help organisations take steps to protect themselves and prepare for any economic situation. See our useful guide to managing a business when economic conditions are tough.
Manage your efficiency
Making your business more efficient can help you save money, which is important at a time when capital is increasingly tight. Find out how to analyse and manage your costs to make your business more efficient.
Our business health check tool can help identify areas that could help improve performance and your chances of survival.
Specifically, improving your business' environmental efficiency can help you reduce costs by going green. It is also important to think about managing risk in order to prevent crises that can be foreseen.
Managing your cashflow
Cashflow is important to business survival. See our guide on how to identify potential cashflow problems. New guides developed by the Institute of Credit Management provide straight-forward advice with simple checklists and top tips. Find a series of guides to managing cashflow from the Credit Management Matters website - Opens in a new window.
Manage your debts
We have a number of guides that can help you manage your debt by finding out how to prevent late payment, manage cashflow and pursue legal claims. Our interactive tool can help you find out all the options open to you to recover your debts.
Employment considerations
In this challenging economic climate, investing in skills and training is critical to increasing the competitiveness of your business. Train to Gain - Opens in a new window a service of the Learning Skills Council (LSC) - provides support and independent advice for skills development. Find out more in our guide on how to improve the performance of your staff.
Your current circumstances may mean that you are considering restructuring your business in order to improve your position. To help you understand the implications of such business change, see our guide on reorganisations, restructures and other major changes
Loans and grants
Choosing and securing the right type of finance for your business can be challenging at the best of times. Our tool can help you put together a personalised list of suitable finance options for your business. You can also search our business support finder for grants, loans, expertise and advice for which your business may be eligible.
Business Link Financial Intermediary Service
Business Link offers a financial intermediary service to businesses in England that have had difficulty accessing bank finance. The service helps businesses review possible reasons why funding was not granted, especially if lender feedback has been limited or where the decision appears arbitrary or inconsistent.
If you are eligible for this service, Business Link advisers can help you to build a stronger relationship with your business' bank, guide you on what to do when seeking finance and offer support with other access to finance issues.
Find your local Business Link through our Contacts Directory.
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