In addition to its impact on public health, coronavirus (COVID-19) has caused a global economic shock. Business owners may have concerns as businesses begin to reopen, but new research finds that their confidence is high. The number one concern for businesses is the time it will take to rebuild their customer base, and the key question in their minds is when will revenue return to pre-pandemic levels? The second most common concern for businesses is the need to adapt to meet COVID-19 safety regulations.
In business terms, sustainability refers to conducting business without negatively impacting the environment, community, or society as a whole, and considers the impact that businesses have on both the environment and society.
Innovate UK EDGE provides bespoke support that grows and scales innovative businesses. Complementing Innovate UK’s project funding with intensive, specialist-led support, the most ambitious businesses benefit from the skills and experience of a dedicated Innovation and Growth specialist to identify the most effective ways to accelerate its growth.
As a delivery partner for the Department for International Trade (DIT), Exemplas Trade Services (ETSL) hosted a dedicated “Africa Week” virtual event, helping to inform and support businesses’ exporting ambitions to African markets.
A year ago, in his first budget, the Chancellor announced the UK Government’s initial response to the COVID-19 pandemic and since then we have seen a year of extraordinary economic challenge. As the economy reopens, this year’s Budget sets out the steps the Government is taking to support the recovery and to ensure the economy can build back better, with radical new incentives for business investment and help for businesses to attract the capital, ideas, and talent to grow.
The UK has 5.9 million small and medium sized businesses (SMEs), established and run by entrepreneurs of different ages, gender, cultural background and ethnicity.
On Monday 4th January 2021, The Prime Minister announced a third national lockdown and instructed people to stay at home to control the virus, protect the NHS and save lives. Many businesses will be affected and must close or remain closed.
The transition period for the UK leaving the EU ends on 31st December 2020 and cannot be extended. New rules for businesses trading within the EU will start from 1st January 2021. Now is the time for businesses to start thinking about the actions they need to take to prepare for January 2021. Whilst Government negotiations are ongoing, this process should be considered a ‘work-in-progress’ but urgent.