Welcome to the seventh issue of The Engine from MHA’s specialist Manufacturing sector team
Whatever adjective you might use to describe the current time, and there are many, it is unlikely to be a period that we will forget in a hurry.
The Government has provided unprecedented levels of support to businesses and encouraged manufacturers to remain open. They have asked the sector to consider if they can help to “answer the call to action” and play a “direct role in combating Covid-19”. Many manufacturers have risen to the challenge and our first article highlights a few examples of these.
Our second article focuses on the value of finding a way to visually engage staff toward a unified goal. The Government has managed to get us to understand “the Curve” and the need for this to be flattened as part of the fight against Covid-19. We highlight a way that this can be used to focus on cash – so important at this time.
One of the ways that the Government has offered help is via CBILS (Government backed loans) but businesses need to be properly prepared ahead of any lending application. We have summarised a few helpful tips.
Finally, we highlight the quandary that businesses face in choosing between two different types of state aid; CBILS and R&D tax reclaims.
To download a copy of the newsletter please click here. If you would like any further information on the topics featured in this newsletter please contact Ginni Cooper.