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How will you rebuild and recover?

Funding launched to cover cost of professional advice

The value of cashflow forecasting, management accounts and revised business plans is set to come into stark relief as businesses look to rebuild and recover following the easing of lockdown.

In recognition of the importance of these and other accountancy services to the recovery and a swift return to prosperity, the Government has announced funding of £1,000 to £5,000 to assist SMEs with the cost of professional advice relating to the recovery.

This could include:

  • Management accounting
  • Cash flow forecasts
  • Creation of a new business plan
  • Advice on credit control.

Applications for the funding are set to be administered by the 38 Local Enterprise Partnerships (LEPs) across the UK.

For Buckinghamshire, this is Buckinghamshire Business First (www.bbf.uk.com) and for other locations, the full list of LEPs can be found by clicking here.

Please contact your local LEP for details of how to apply for the funding, which is set to be available in coming months. Also contact us on 01494 552100 or email to speak to our Outsourced Accounting Services team who can assist with all of the above services: https://stca.co.uk/services/outsourced-accounting-services