During the current period of economic uncertainty due to the ongoing COVID-19 pandemic, the April 2021 budget was always expected to announce additional measures to support struggling businesses. Rishi Sunak announced an entirely new allowance ‘Super Deduction’ to help encourage business to invest in qualifying plant and machinery. The idea of the Super Deduction Capital Allowance is to encourage investment, which in turn will help British businesses to become more… Read More »What Is Super Deduction and How Can It Help You?
Invoice financing, when used appropriately, is a beneficial financial product within the manufacturing industry. Manufacturing businesses often struggle to maintain consistent cash-flow making it difficult to budget effectively. Times of economic downturn and business growth can both put strain on the cash-flow of manufacturing organisations; this is where utilising invoice finance facilities can assist business to navigate peaks and troughs and maintain liquidity and trading viability. What is Invoice Finance?… Read More »Invoice Finance for Manufacturing
Asset Finance covers a wide spectrum of products that enables businesses to finance larger purchases. In this article we are going to look specifically at the finance options for commercial vehicles. Whether you need a car or a fleet of cars, vans, trucks or lorries, vehicles are a vital component of many businesses. However, the cost of commercial vehicles needs to be managed for efficient cash flow and expenditure; this… Read More »What is Commercial Vehicle Asset Finance and How Can it Help Your Business?
January 2021 is a difficult time for many industries, including the construction and manufacturing sectors. In the midst of Covid-19 lockdown number 3, engineering and construction can continue, however, uncertainty reigns supreme with circulating rumours over increasing lockdown measures, in addition to the ongoing financial and economic impacts of the past 12 months. Asset finance can be used by organisations to help in a variety of different ways; keep reading… Read More »Asset Finance for Plant and Machinery: All the Information You Need
2020 has been unexpectedly one of the hardest years for business whether it be a new start-up or a well-established business. There may be increasing glimmers of hope with the approval of a new vaccine in the UK, but nobody knows when the pandemic will end. One thing that is for sure, is that it will end, and businesses will still be there and will still need the funding to… Read More »The Importance of Having Construction Finance Coming Out of COVID-19
Impact of Coronavirus On Business COVID-19 was unexpected and has hit the UK economy hard, it has forced most businesses to put a pause on what they were doing or even to close completely. This has had a great impact on trading and the economy BUT it will return one day soon. With a lot of restrictions in place, businesses are having to phase re-opening and stick to the government… Read More »How Invoice Finance can help businesses recover from COVID-19 pause