by Simon

April 8, 2020

Coronavirus Business Support
During these challenging times, we hope that this post provides hope to businesses.
 
We would like to express our thanks to the UK Government for the support they are offering to businesses.
 
Most of us find managing a company enough of a challenge, so their response in managing the country has been exemplary. It makes me even more proud to be British.
 
If you need support with finance or business loans, we encourage you to explore the Government-backed support first.
 
More information on Government business support can be accessed here: https://www.businesssupport.gov.uk/coronavirus-business-support/
 
Although we do offer business loans ourselves, we have essentially closed this department for now as you won’t get a better deal currently than via the Government-backed scheme.
 
Stimulating UK Businesses is why we exist.
 
Now, this brings me onto the real point of this post.
 
All too often in life, we can become so focused on the present that it is difficult to see the wood for the trees and plan for the future.
 
Indeed, these are challenging times however, they present a phenomenal opportunity for the UK and international trade in the future.
 
Instead of focussing on ‘business as usual’ (I think we’re all agreed this is off the cards for a while) why not use this time to plan how to improve your products and services? Funding your development should not be an issue via one of the accredited lending partners.
 
If you’ve always had a niggling business idea that you always wanted to do, now is the time.
 
With Government support, the barriers for business loans of up to £5m have been temporarily relaxed. It’s a great time to plan and emerge from these stormy waters a leaner, more efficient business than before.
 
Interestingly, more support is available to your business.
 
If you invest in improving your products and services now, then you may be able to recover up to a third of your investment costs back in the future via an R&D claim.
 
The Government and population of the UK have always been resilient displaying tremendous spirit in tough times.
 
We are encouraging the business community of the UK to look beyond the immediate difficulties and focus on a better business for the future.
 
The new and improved, upgraded products and services your company tackles now, will provide a solid foundation for growth but will also help the economy recover.
 
Plan now for a better business and a better future.
 
Come on Britain, let’s do business!
 
Stay safe but use this time wisely. It is a once in a lifetime opportunity.
 
Chris
Client Success Manager
Hamilton Wood & Company