{"id":5364,"date":"2022-12-07T13:53:41","date_gmt":"2022-12-07T13:53:41","guid":{"rendered":"https:\/\/redcarcleveland.co.uk\/business\/?page_id=5364"},"modified":"2024-07-24T11:31:22","modified_gmt":"2024-07-24T10:31:22","slug":"cost-of-living-support-for-businesses","status":"publish","type":"page","link":"https:\/\/redcarcleveland.co.uk\/business\/cost-of-living-support-for-businesses\/","title":{"rendered":"Cost of Living &#8211; Support for Businesses"},"content":{"rendered":"<p>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 and Cleveland business community as we look to work through the current challenges.<\/p>\n\n\n<div class=\"wp-block-coblocks-accordion\">\n<div class=\"wp-block-coblocks-accordion-item\"><details><summary class=\"wp-block-coblocks-accordion-item__title has-background has-text-color has-white-color\" style=\"background-color:#042855\">Building Business Resilience<\/summary><div class=\"wp-block-coblocks-accordion-item__content\" style=\"border-color:#042855\">\n<p><\/p>\n\n\n\n<p>Being able to strengthen your business&#8217;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 <a class=\"fui-Link ___m14voj0 f3rmtva f1ern45e f1deefiw f1n71otn f1q5o8ev f1h8hb77 f1vxd6vx f1ewtqcl fyind8e f1k6fduh f1w7gpdv fk6fouc fjoy568 figsok6 f1hu3pq6 f11qmguv f19f4twv f1tyq0we f1g0x7ka fhxju0i f1qch9an f1cnd47f fqv5qza f1vmzxwi f1o700av f13mvf36 f9n3di6 f1ids18y fygtlnl f1deo86v f12x56k7 f1iescvh ftqa4ok f50u1b5 fs3pq8b f1hghxdh f1tymzes f1x7u7e9 f1cmlufx f10aw75t fsle3fq\" title=\"https:\/\/redcarcleveland.co.uk\/business\/resource-library\/\" href=\"https:\/\/redcarcleveland.co.uk\/business\/resource-library\/\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"Link resource library\"><strong>resource library<\/strong><\/a> covering a range of topics, including securing funding, identifying and maximising digital opportunities and more. The British Business Bank have also produced a <strong><a href=\"https:\/\/www.british-business-bank.co.uk\/finance-hub\/guide-to-building-business-resilience\/?utm_source=nations_and_regions&amp;utm_medium=shared_link&amp;utm_campaign=business_resilience_guide_2023&amp;dm_i=45HG,1HM6Q,6J3A2W,6WNDZ,1\">guide to build business resilience<\/a><\/strong>. 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.<\/p>\n<p>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:<\/p>\n<p>T: 01642 444366<br \/>E: <strong><a href=\"mailto:business@redcar-cleveland.gov.uk\">business@redcar-cleveland.gov.uk<\/a><\/strong><\/p>\n\n\n\n<div class=\"wp-block-coblocks-accordion\">\n<div class=\"wp-block-coblocks-accordion-item\"><\/div>\n<\/div>\n<\/div><\/details><\/div>\n\n\n\n<div class=\"wp-block-coblocks-accordion-item\" style=\"color:#042855\"><details><summary class=\"wp-block-coblocks-accordion-item__title has-background has-text-color\" style=\"background-color:#a8ad00;color:#042855\">Insolvency Support<\/summary><div class=\"wp-block-coblocks-accordion-item__content\" style=\"border-color:#a8ad00\">\n<p><\/p>\n\n\n\n<p>The Tees Valley Combined Authority have compiled a list of useful guides and resources for SME&#8217;s in relation to business insolvency. Please find them listed below:<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/teesvalley-ca.gov.uk\/business\/wp-content\/uploads\/sites\/3\/2023\/10\/TVCA-An-introduction-to-insolvency-options-updated.pdf\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>An introduction to insolvency option<\/strong><\/a><\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/teesvalley-ca.gov.uk\/business\/wp-content\/uploads\/sites\/3\/2023\/10\/Early-Warning-Signs-Benefits-of-Taking-Early-Advice-for-TVCA-updated-.pdf\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Early warning signs &amp; benefits of taking early advice<\/strong><\/a><\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/teesvalley-ca.gov.uk\/business\/wp-content\/uploads\/sites\/3\/2023\/10\/Why-your-business-needs-a-13-week-rolling-cashflow-for-TVCA-updated-.pdf\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Why you business needs a 13-week rolling cashflow<\/strong><\/a><\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/teesvalley-ca.gov.uk\/business\/wp-content\/uploads\/sites\/3\/2023\/10\/7.-What-is-a-CVA-For-TVCA.pdf\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>What is a CVA<\/strong><\/a><\/li>\n<\/ul>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/teesvalley-ca.gov.uk\/business\/wp-content\/uploads\/sites\/3\/2023\/10\/Managing-a-business-in-financial-difficulty-For-TVCA-updated-.pdf\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Managing a business in financial difficulty<\/strong><\/a><\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/teesvalley-ca.gov.uk\/business\/wp-content\/uploads\/sites\/3\/2023\/10\/Dealing-with-inflationary-pressures-on-on-business-for-TVCA-updated-.pdf\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Dealing with inflationary pressures on a business<\/strong><\/a><\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/view.officeapps.live.com\/op\/view.aspx?src=https%3A%2F%2Fteesvalley-ca.gov.uk%2Fbusiness%2Fwp-content%2Fuploads%2Fsites%2F3%2F2023%2F10%2F13-week-cash-flow-forecast-template.xlsx&amp;wdOrigin=BROWSELINK\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>13 week cash flow forecast template<\/strong><\/a><\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/teesvalley-ca.gov.uk\/business\/wp-content\/uploads\/sites\/3\/2023\/10\/6.-What-is-a-Creditors-Voluntary-Liquidation-For-TVCA.pdf\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>What is a creditors&#8217; voluntary liquidation<\/strong><\/a><\/li>\n<\/ul>\n<\/div>\n<\/div>\n\n\n\n<p>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.&nbsp;<\/p>\n<p>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:<\/p>\n<p>T: 01642 444366<br \/>E:&nbsp;<strong><a href=\"mailto:business@redcar-cleveland.gov.uk\">business@redcar-cleveland.gov.uk<\/a><\/strong><\/p>\n<p>More information is available through the government&#8217;s <a href=\"https:\/\/www.gov.uk\/government\/organisations\/insolvency-service\">Insolvency Service<\/a>.<\/p>\n<\/div><\/details><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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. 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