With the cost of living crisis and the war in Ukraine contributing to an uncertain economic outlook, it has led to a number of issues including rising energy costs, inflation and supply-chain disruption among others. This page has been created to provide useful information listed below for our Redcar & Cleveland business community as we look to work through the current challenges.
Building Business Resilience
Being able to strengthen your business’s resilience is crucial to get through these tempestuous times. The Business Engagement team can help you access the support already in place, whether that is accessing new markets, digitising elements of your business or assessing funding options suitable for your business. We also have a range of business masterclasses available in our resource library covering a range of topics, including securing funding, identifying and maximising digital opportunities and more. The British Business Bank have also produced a guide to build business resilience. This contains impartial, practical, and actionable information and support to help smaller businesses manage their costs, boost their long-term profitability, and increase their resilience.
Our team of experienced advisors are happy to have a conversation and meet with you to discuss the needs of your business and the support available. You can contact us on:
T: 01642 444366
E: business@redcar-cleveland.gov.uk
Insolvency Support
The Tees Valley Combined Authority have compiled a list of useful guides and resources for SME’s in relation to business insolvency. Please find them listed below:
If you are concerned about insolvency, specialist support is available to help you understand what it means and the options available to you. Get professional support from your accountancy firm and professional business services.
Our team of experienced advisors are also available to have a conversation with you about the difficulties your business may be currently facing. You can contact us on:
T: 01642 444366
E: business@redcar-cleveland.gov.uk
More information is available through the government’s Insolvency Service.
