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AMF Webinar – What help is available for SMEs during Covid-19?

MHA Tait Walker will talk through the different Government options that are available to SMEs during this challenging Covid-19 period

About this Event

Join the AMF for a webinar session delivered by our partners MHA Tait Walker and Ward Hadaway.

MHA Tait Walker and Ward Hadaway will discuss the support options that are available to you as a SME and highlight areas for your consideration that could help your business during this period.

A leading firm of chartered accountants in the North East, MHA Tait Walker is independent and award winning, providing large corporations, owner managed businesses and individuals with a complete set of accountancy and business advisory services.

Ward Hadaway is a UK Top 100 full service law firm, one of the largest in the North East with a reputation for high quality legal advice. The firm works with a wide range of manufacturing businesses, including some of the leading manufacturers in the North East.

To minimise the time away from your business and day to day activities, the session will last no longer than 45 minutes. We anticipate running follow up events to all of the webinars we host should there be demand.

We will send registration details and log-in information for the webinar after you book to attend via Eventbrite.

1) What has the Government made available to SMEs to help them through Covid-19?

a. Coronavirus Jobs Retention Scheme (aka furlough)

b. Self Employed Income Support Scheme

c. Business rates reliefs (for retailers/leisure mainly)

d. Grants via councils

e. Coronavirus Business Interruption Loan Scheme

 

2) What is the strategy the Government are expecting businesses to use ?

a. Cut cost

b. Conserve cash

c. Stabilise the business

d. Raise funding

 

3) What is your strategy to minimise the harm to your business?

a. What is furlough and how can you use it?

b. What is CBILS and will it work for everyone

 

4) Who has been missed out in the support provided?

a. Owner managers of limited companies

b. The middle classes

c. Those who have recently hired staff

d. Those who have recently become self employed

 

5) What do you need to plan for as the UK recovers from the impact?

a. A longer than anticipated release from lockdown

b. Restricted international travel

c. Spikes of lockdown if Covid-19 flares up again

d. Debts incurred now having to be repaid in 9-12 months time

 

6) What can we learn in the long run in manufacturing?

a. Closer supply chains or better planning for disruption

b. Technology that enables remote working

c. Phasing out things that cause friction (eg post, cheques, cash)

d. People don’t like being at home – it isn’t efficient

e. Some manufacturing becomes very difficult

 

To register for this event, please visit the Eventbrite page here.

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