Support for Local Businesses

2 days, 2 hours ago by Oliver Atkinson

The UK is continuing to face tough economic conditions and businesses are facing their toughest test in recent years. Business confidence hit a two year low in January which is further fuelling fears of a recession on the horizon. Businesses are facing a backdrop of labour shortages, rising costs and a fall in demand, combine this with a withdrawal of fiscal support and businesses are feeling the strain.

The ICEAW has stated that UK company insolvencies has hit a 13 year high, with warnings that it will get worse before it gets better. The number of insolvencies in the last quarter of 2022 has increased 30% compared to the period the year before.

Businesses based in Sussex should be aware of support which could be pivotal for the survival in the short term. Locate is a firm which works closely with a variety of Business organisations across Sussex to help ensure business needs are fulfilled.

Locate has mentioned that there is a wide amount of financial support available to potential business which can help provide training, grants, funding, and loans. It is important to note that funding for Locate will end in April this year and it is uncertain what will happen with the service.

Locate works with the Let’s Do Business Group, which helps to deliver a wide range of business support services in the southeast. They work in partnership with East Sussex County council to support businesses in the county. The Let’s Do Business Group offers funding such as Business loans and start up loans.

There is more information and further services included on both Locate East Sussex and Let’s Do Business Group’s websites included below.

Contact our team here if you have any questions.