Business continuity tips for navigating lockdown
We understand that this is a difficult time for lots of businesses, big and small.
Whether you have had to close for the time being or have shifted to remote working, here are a few actions you may be able to take to manage payments such as energy bills.
Keep on top of day to day business requirements
From restaurants turning to takeaway service to offices taking a leap into home working, many businesses have changed the way they operate to keep running until normality starts to resume.
Among the challenges this presents, make sure not to let key energy admin slip. This could add unnecessary costs to your outgoings.
- Make sure your bills are accurate by submitting regular meter readings. If you’re a Good Energy customer, submit a meter reading via our website or by setting up an online account.
- Don’t forget about your existing contracts and renewals periods to avoid out of contract rates. For support with your Good Energy supply contract, email email@example.com
Access government support
Government aid is available to support small businesses through the crisis. The Coronavirus Business Interruption Loan Scheme is being managed by 40 accredited lenders and provides UK SMEs access to a loan of up to £5 million.
To be eligible for a loan you must meet these criteria:
- The loan must be for business purposes.
- You must be a UK-based SME with annual turnover of up to £45 million.
- Your business must generate more than 50% of its turnover from trading activities.
- The loan must be used to support trading primarily in the UK.
- You wish to borrow no more than £5 million.
Full details on the scheme and how to apply are available here.