There are a number of emergency packages made available from the Government but firms and organisations should also consider what practical measures they can take around cash flow, scenario planning and supply chain to mitigate the impact of the current situation. Our accountancy partners AAB have outlined the key areas you should focus on here.
You can also watch their panel explain this in more detail in the Scottish Business Resilience Centre's webinar from 25 March.
If you have questions, please contact the AAB team directly on firstname.lastname@example.org
AAB financial assistance toolkit
AAB have also created a simple toolkit to help you identify what support packages are most suitable for your business. By selecting responses to questions based on your own individual circumstances, the tool filters through all the available information about support measures to select the right package for you and how you can seek help to assist your business. Visit the AAB COVID-19 Information hub access the tool.
Firms who have financing arrangements in place with Close Brothers for professional indemnity insurance and/or practising certificates can get in touch with Close Brother's customer service team to discuss options for waiving fees, temporary reduction in repayments or a repayment holiday.
Contact the Close Brothers' team on 0333 321 8567 or email email@example.com