Lars Swann Lars Swann

Business Finance Week 2023

From 6 to 10 November 2023, the British Business Bank, along with several partners from across the UK, will host Business Finance Week 2023.

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Cashflow Lars Swann Cashflow Lars Swann

Managing your cash flow

With increasing supplier prices and economic uncertainty, managing your business’s cash and understanding its flow are now vital tools in maintaining resilience and being able to adopt flexible strategies for success.

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Lars Swann Lars Swann

The REALLY important stuff!

With the constant news surrounding the economy, interest rate uncertainty, and high inflation, it is difficult not to worry about these issues and lose sight of what’s really important – the health and welfare of you and your loved ones.

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Lars Swann Lars Swann

Start-up loans for new businesses

Start Up Loans are personal loans designed to help new businesses begin trading. They were created to support would-be business owners who have struggled to secure finance from traditional lenders.

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Innovation Lars Swann Innovation Lars Swann

Creating value through innovation

Innovation has generally been recognised as essential for value creation, both for individual companies and for the UK economy as a whole. The development of new ideas, processes, and technologies and their flow across different sectors is a significant driver of economic growth and productivity. Recently, innovation has also been identified as crucial to the transition of the economy away from fossil fuels and carbon-intensive business activities.

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Resiliance Lars Swann Resiliance Lars Swann

Rethinking business resilience

Being resilient by choice is critical for both survival and for strategic advantage in an era where disruption is the norm. The threats businesses face today are complex and becoming more frequent than in previous times. We have seen a pandemic, an ongoing war in Europe with supply chain issues, a cost of living crisis, extreme weather and frequent ongoing cyber-attacks.

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DVLA Lars Swann DVLA Lars Swann

DVLA launches new online account for motorists

Motorists can opt for digital vehicle tax reminders rather than having to wait for a paper reminder to drop through their letter box. The change comes as part of DVLA’s new Driver and vehicles account service, which was launched on GOV.UK last week.

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inflation Lars Swann inflation Lars Swann

Dealing with inflation  

With continuing inflation in the UK, many of us and our businesses have been put “off track” in the short to medium term. The Bank of England recently increased interest rates by a quarter of a percentage point to 5.25 per cent. The rise was as expected by economists in view of the latest data showing annual inflation at 7.9 per cent in June which is four times higher than the Bank of England’s 2 per cent target.

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Business Planning Lars Swann Business Planning Lars Swann

Taking control of your business

We were finally getting over the financial crisis when Covid struck. Russia’s war in Ukraine has not only meant human suffering – it has affected the entire global economy, driving up the cost of food and energy. It adds to the hardship for those on low incomes and means serious food security risks in the world’s poorest economies.

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HMRC Lars Swann HMRC Lars Swann

HMRC Annual Report shows some important trends for business owners

HMRC’s annual report was published last week, and it shows that they failed to meet many of their key customer services measures in 2022-23. Customer satisfaction dropped to 79% from 82% last year and telephone performance has also declined with an average wait of 16 minutes to get through to an adviser. 63% of callers waited more than 10 minutes, with an average wait-time of over 20 minutes in January to March 2023. To their credit, HMRC have improved their correspondence reply time to 73% cleared within 15 days from 46% in 2021-22.

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Lars Swann Lars Swann

What is Fair Trade?

Farming is the largest employer in the world but millions of people who live and work on smallholder farms don’t earn enough to provide for either themselves or their families.

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Grants Lars Swann Grants Lars Swann

Find a Grant service

The Find a Grant service offers a free central place on GOV.UK for business, individuals, and organisations to find and apply for UK government grants. The Find a Grant service is an initiative being delivered by the Government Grants Management Function, in Cabinet Office.

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Cashflow Lars Swann Cashflow Lars Swann

Why cash flow management is essential right now 

Last week the Office for National Statistics (ONS) stated that the UK's rate of inflation dropped to 7.9% in the year to June, which means the rate of price rises in the UK has slowed more than expected, down from 8.7% in May - although it still remains high. Falling fuel prices contributed to the drop, while food prices rose less quickly than in June last year. Experts are predicting that the Bank of England will increase interest rates by a minimum of a quarter per cent in August as they continue with their plan to get inflation down to 2 per cent.

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