Business Recovery Advice and Business Support Sources

UK merchant accounts

Businesses across the globe have been struggling to manage the many changes over recent months, due to the COVID-19 pandemic. These unexpected challenges have led the UK government to put together a scheme that offers free expert advice to small businesses. The goal is to make sure these business owners have the resources they need to weather the current storm and come out even stronger on the other side.

If you could benefit from small business advice, here is more information on the business scheme, along with other sources of support.

Government-backed advice and support

In addition to the financial support the government has offered, they have also put together recovery advice. This advice platform offers business owners the opportunity to secure at least one hour of small business support a month until the end of 2020. The aim is to ensure businesses are able to recover in the long-term. According to the site, this advice comes from thousands of UK business experts and covers a range of topics, including:

·       Accountancy

·       Legal

·       Advertising and marketing

·       Recruitment

·       Digital

Small Business Leadership Programme

The UK government’s department for Business, Energy and Industrial Strategy (BEIS) has set aside £20 million to fund two new support schemes for businesses. One of those schemes is the Small Business Leadership Programme, a free 10-week programme that provides training in strategic leadership skills. The aim is to give business owners the confidence they need to make informed decisions during these uncertain times. To qualify, you need to be based in England, have been trading for at least a year, and have five to 249 employees.

Peer Networks

Another incredibly valuable source of information is your peers. Access to like-minded individuals with various business expertise gives you a chance to discuss challenges. The second scheme funded out of the £20 million is Peer Networks. The idea behind this option is to offer a platform that helps you collaborate with other business owners and work through obstacles to find new methods and solutions. To qualify, you need to be based in England, have five and 249 employees and have been trading for at least a year.

Other Support and Business Advice

As more and more providers move their services and products online, the need for payment processing services has grown rapidly. Best Payment Provider offers reviews and information on the best UK merchant accounts all in one place. Browse the site to easily compare merchant providers and find a company that understands your unique needs and challenges.

Author Bio: Payment industry guru Taylor Cole is a passionate payments expert who understands the complex world of UK merchant accounts. He also writes non-fiction, on subjects ranging from personal finance to stocks to cryptopay. He enjoys eating pie with ice-cream on his backyard porch, as should all right-thinking people.