On 3 March 2021, the Chancellor of the Exchequer announced in the Budget a new enhanced capital allowances regime, to stimulate investment in the economy by providing an increased incentive for UK businesses to invest in plant and machinery through generous rates of relief in the period the expenditure was…
The coronavirus pandemic has tested businesses’ operational resilience, highlighting areas where there is still work to be done as firms try to build further resilience in case of future emergencies and interruptions. With the government warning that another novel pandemic remains a “realistic possibility” before 2030, now is the time to…
It’s been a tough year for manufacturers, just as it has been for so many businesses. Manufacturing output has fallen off a cliff as new orders took a nosedive and existing contracts were deferred or cancelled. But there are signs that things are now starting to stabilise, and optimism among…
Every business lives and dies by its finances. But never before has cash flow been more precarious than it is now, with some businesses seeing sales driven down by as much as 50% throughout 2020/21. While a range of government financial support has been available throughout the coronavirus pandemic, the…
The transport and logistics industry has been dubbed the ‘unsung heroes’ of the COVID-19 pandemic. It has continued to work tirelessly throughout all three lockdowns, hauling everything from food for the supermarkets to vaccines for vaccination centres. The industry’s importance was underlined in January when the Department for Transport confirmed…
With so many small business funding options out there and numerous providers, how do you choose the right option and how do you ensure you’re getting the best value from your lender? Find out in this guide. Types of small business funding There are a range of funding options available…
At the start of the year, business confidence in the British economy was found to be at the lowest level since the EU referendum, as per a report by the Institute of Directors. Well over half (57%) of more than 700 company directors surveyed said they expect things to get…
For any business with aspirations to grow, a healthy cash flow is crucial. However, often – through no fault of their own – getting access to the sort of cash that’s required to take the business to the next level can be tricky. Late payments are often a cause of…
So, you’ve decided that leasing is the right way to go for your business, which will enable you to make important equipment purchases to keep up with demand while maintaining healthy cash flow. But which leasing company should you place your trust in? A Google search for ‘equipment leasing companies’…
