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A package of support to help small and medium sized businesses to bear the impact of the current economic challenges has been announced.
The cross-Government package focuses on top priorities or SMEs – cash flow, access to finance and training for staff. Small and medium sized businesses employ about 13.5m people and are essential for the livelihoods of hard working families. The Government will: - Offer free 'Health Checks' in England for businesses through its Business Link support service to help identify problems early
- Prioritise training for SMEs in England under its Train to Gain initiative to ensure employees have the skills and business knowledge they need
- Provide financial information, produced by the Institute of Credit Management, to help UK businesses to maintain cash flow, secure finance and limit problems caused by late or non-payment.
The free business Health Checks aim to provide personalised support and confidential advice for all businesses, regardless of their size or sector, on maximising cash flow, marketing and business planning.
Qualified experts will help firms draw-up business action plans designed to shore up their businesses and avoid the potential pitfalls of the economic slowdown. Business Link will also provide a follow-on and monitoring service to ensure the plan is working for them. For further information visit www.businesslink.gov.uk/businesshelp |
