LEP joining forces with EY and British Business Bank to deliver cash flow and risk mitigation webinar

We are bringing together industry-leading experts, EY and the British Business Bank to deliver a free webinar on 12 November, focusing on cash flow management and mitigating risk.

Speakers from all three organisations will offer advice on practices and strategies to consider, as well as updates on available funding programmes within the region to assist businesses in these challenging circumstances.

Our recent Economic Recovery Plan sets out how we are working with other local partners in order to support businesses in the Solent to survive, recover and grow in what has been a difficult year. The webinar, and a whole suite of other support tools that the LEP has been offering since March, continue to be timely interventions. It is based around the fact that some businesses may be more vulnerable than others, and have particularly unstable cash flows; it also appreciates that no business is immune from the impacts of the Covid-19 pandemic.

SJ Hunt is one of our Board Directors, and she also Chairs of the Solent Task Force that we set up earlier in the year to bring together local authorities, business representative organisations (BROs) and other relevant bodies to work together to find ways to sustain business continuity as much as possible. SJ said: “This has been a challenging number of months for businesses in the Solent and, the recent government announcements mean that these challenges are continuing to have an impact. We’re really pleased to have partnered with both these organisations to deliver this webinar supporting businesses with advice on practices and strategies. By working together to set up events like these, we are offering an opportunity to build greater resilience among Solent-based businesses as well as sharing updates on available funding programmes within the region.”

Dave Hales, Southampton Office Managing Partner at EY, commented: “At EY, we recognise that the short-term outlook is getting ever more uncertain, not least as the latest lockdown in England further impacts our local businesses and economy. In times like these, it is vital we continue coming together as a community to support our people and our local businesses through this challenging time.

“Ultimately, businesses which implement and drive strong financial planning will be those most likely to survive and thrive. This is why we’re delighted to team up with Solent LEP and the British Business Bank to offer this webinar, which looks to help local businesses as they continue to navigate the challenges of the pandemic, as well as prepare for Brexit.”

Businesses can find out more and register for the webinar here.