The Business Finance Guide presents
Economic uncertainty:
Working capital solutions
This guide is designed to support businesses experiencing financial challenges as a result of COVID-19, EU Exit and other economic interruptions.
Guide
COVID-19
Guidance for businesses whose operations have been, or may be, directly impacted by COVID-19
Managing cash in times of change
2020 is an uncertain and challenging time for UK businesses, regardless of sector, size or region.
Economic uncertainty can impact the cash position and working capital requirements of many small and medium sized businesses.
The Business Finance Guide has been updated to help business owners navigate the challenges they’re currently faced with. It’s a completely independent source of information provided by The British Business Bank and ICAEW. It does not sell any type of finance product or solution.
If you are worried about running out of cash to cover operating costs and wages, or want to be better prepared during this uncertain time, this independent guide is designed to remove the jargon around cash and working capital. It includes practical information from industry experts to help business owners overcome obstacles along the way.
The Challenges
Advice and the
funding options
How to seek out much-needed independent advice in times of uncertainty.
Speaking with
lenders and investors
How to reach out to lenders and investors in challenging times, and how to review existing funding.
Working together
Everyone in the business, from sales to operations, can have an impact on cash and your cash position.
Financial management
In times of uncertainty, forecasting operational and financial challenges can help you keep a close eye on cash.
Timeline
Economic uncertainty in 2020
The Facts
11.03.20
Budget
Chancellor’s spending plans include business interruption loans and a suspension of business rates
11.03.20
Interest rate cuts
Bank of England makes an emergency cut to interest rates
17.03.20
Rescue package
Chancellor announces £330bn package of financial support
19.03.20
Further interest rates cut
Bank of England cuts interest to 0.1%
20.03.20
Wage subsidy
Government announces it will subsidise 80% of staff wages for some businesses
11.03.20
Budget
Chancellor’s spending plans include business interruption loans and a suspension of business rates
11.03.20
Interest rate cuts
Bank of England makes an emergency cut to interest rates
17.03.20
Rescue package
Chancellor announces £330bn package of financial support
19.03.20
Further interest rates cut
Bank of England cuts interest to 0.1%
20.03.20
Wage subsidy
Government announces it will subsidise 80% of staff wages for some businesses
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