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Understand the essentials of
cashflow management
The onset of the credit crunch means that the banks are no longer as accommodating with requests for increased overdraft or loan facilities. So how do you cope with the tougher lending rules? Click here to find out
Manage suppliers
There may be scope to cut costs by better managing your suppliers. Click here to find out how to better manage your suppliers
Prevent late payments
£18.6 billion is the figure put on outstanding payments owed to Britain's small-to-medium sized enterprises with the average amount owed to a small and medium sized business at any one time being £30,000. It is not surprising then that 10 per cent of all business failures are down to non-payment. Click here to find out more about preventing and recovering late payments
Understand debt factoring
and invoice discounting
If you are in the right kind of business, factoring or invoice discounting can produce an immediate and dramatic improvement in your cashflow. Click here to find out more about debt factoring and invoice discounting.
Avoid insolvency and bankruptcy
Click here to access information and sources of advice that will help you to reduce the risk of insolvency.
You don't have to become bankrupt just because you are in debt. Click here to find out what options you have when considering bankruptcy.
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Regional sources of funding
and finance
The Northwest Regional Development Agency has increased its funding for businesses. This includes:
Grants for Research and Development to help business owners introduce innovative products and processes including research trials and product testing. Grants range between £20,000 to £500,000. Find out more
Small Business Loans designed to help small business owners and social enterprises to start up and develop their business. Loans range between £3,000 to £50,000. Find out more
Innovation Vouchers to assist businesses to buy support from knowledge providers to explore collaborative opportunities. Find out more
Grants for Business Investment aimed at investment projects to help support the purchase of key assets such as buildings, plant and machinery. Find out more
Business Angel Finance provides access to a network of private equity investors who invest in new or expanding businesses. The level of investment ranges between £10,000 - £500,000. Find out more
Some of the other sources of funding
and finance available now
Small Business Rate Relief entitles businesses in England to claim up to 50% rate relief. Find out more
More time to pay VAT, tax or NI to HMRC - a new Business Payment Support Service has been set up help you deal with temporary cashflow difficulties. Find out more
Real Help with Finance - a newly announced package of financial support which aims to provide real help during the economic downturn. Find out more |
