Discover where you can take action in this uncertain environment.
In discussion with members, the CBI has identified some areas your business can take action to help you boost your operational resilience.
Cashflow, access to finance, and insurance
Businesses are facing a cumulative burden of repaying loans, cash flow pressures, as well as late and long payments. At the same time firms are continuing to plan for risk and working to understand the types of insurance their business needs. Does your business know where to start, and where it can look for more support?
Some key questions and actions
Cashflow
- Do you know how the cumulative debt burden is affecting your cost of doing business?
- How can managing cash flow now improve your future bottom line?
- Where to turn for help?
Catch up on the CBI’s SME webinar on cashflow resilience. You can also listen to the podcast.
Access to finance
Is your business:
- Meeting working capital requirements?
- Refinancing capital borrowed during the COVID-19 crisis?
- Resuming business?
- Capitalising on growth opportunities?
- Adapting your business model?
- Responding to new market and customer expectations like sustainability?
The new EY/CBI Power Growth guide aims to help SMEs access finance. It sets out how the robust and diverse finance market is evolving – and where SMEs can play their part to get the finance they need.
Insurance
Does your business know:
- How to choose the right cover?
- The types of insurance cover are available?
- How to make a claim?
This insurance guide, produced in collaboration between the CBI, the British Insurance Brokers’ Association (BIBA), and the Association of British Insurers (ABI), is designed to help you understand:
Examples of how other firms are adapting
- To meet this challenge some businesses have invested in new technologies to manage their accounts more effectively and identify potential pinch points ahead
- Many firms are actively working with their lenders and advisers to act early and
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