Tag: business

Hink Differently!

Scottish entrepreneurs invest DigitalBoost Development Grant to help businesses

Scottish entrepreneurs Lee Fitzpatrick and Jake Murray have joined forces to create a digital enterprise with a difference. Funded with the support of the DigitalBoost Development Grant, Hink is on a mission to help businesses solve real problems, in a post-pandemic era, using the power of creative thinking.  

With the capabilities of supporting business owners and organisations of any size, across any industry, using a diverse mix of creative exercises and business tools, the Hink approach replaces open discussions and brainstorming with a structured process that leads to more ideas, clearer decisions, and better outcomes.  

Lee Fitzpatrick, Co-Founder of Hink, said: “2020 was a year of significant change, where even the smallest challenges have become difficult to navigate.

“We’ve been inspired by the resilient approach taken by business leaders and their teams during this period. Our workshops have been designed to facilitate the clear and creative thinking that is required, right now.” 

Hink’s workshops include Quick Fire Decision Making, Lightning Sprint, Lego Serious Play, and Design Sprint 2.0, provide an unbiased environment for teams to safely express and explore. Using creative problem-solving techniques to ensure that their workshops are interactive, and goal orientated, their aim is to deliver value and clarity for everybody involved. 

Lee continues: “We believe that matching the right person with the right problem, is the key to a successful workshop outcome. That’s why we’re growing a network of workshoppers from across the globe to help solve your business challenges.

“From culture and team building to brand positioning and product development, there’s no business problem we can’t solve thanks to our diverse team of Hinkers.” 

Funded by The Scottish Government in conjunction with Business Gateway, the £10m DigitalBoost Development Grant was launched in 2020, to help businesses do more online and support the Scottish Economy in these challenging times.

The grant was open to all businesses across Scotland who were looking to enhance their service or organisation using digital technology, platforms, and innovation. 

Effective decision making and creative problem solving can accelerate the growth of businesses and the team at Hink are dedicated to facilitating growth and change that will ultimately contribute to better business and a better world.  

Currently, all Hink workshops will be delivered remotely via Zoom through interactive software facilitating an engaging environment, however, the long-term plan is to bring businesses together physically in an inspiring and engaging environment, when it is safe to do so.  

Hink is currently offering free 45-minute support sessions for all businesses across Scotland, providing them with the opportunity to discuss their challenges, meet experienced workshoppers, and explore workshop solutions.

For more information visit www.hink.co 

Local business leader to chair Young Enterprise Edinburgh & Lothians team

Local businessman, Peter McLean, has been appointed to head up the Young Enterprise Scotland team in Edinburgh and the Lothians and drive forward the charity’s mission to give all local school children access to enterprise learning.

As Chair of the volunteer group, Pete will co-ordinate efforts to introduce more schools and more students to entrepreneurial skills development through the Young Enterprise Scotland (YES) Company Programme.

With his team of business advisers, as well as fundraising and organising events, the role includes working directly with senior school students who set up their own commercial ventures as part of the Company Programme.

Last year, more than 300 students across Scotland achieved an SCQF level six accredited qualification for the Company Programme, which is recognised by UCAS for university entry.

Many sixth formers take the experience of the Company Programme further by setting up their own businesses outside school, while for others, the skills for teamworking, communication and making ideas a reality provide them with a competitive advantage in the jobs market.

In 2019/20, the Edinburgh & Lothians Area Team helped to inspire nearly 300 students and supported 32 YES companies to go through the Company Programme.

Having taken part in the Company Programme himself while at school in Edinburgh, Pete has been involved with YES for over two decades.

A successful serial entrepreneur in his own right, he now acts as a business growth adviser with Napier University, where he helps students, staff and alumni grow and launch businesses.

Pete said: “I have been involved with Young Enterprise for over 20 years, from being part of a team at School, judging, running workshops, a local Board member and now Lothians Chair.

“I am passionate about enterprise for all at every age but especially in education and look forward to helping Young Enterprise achieve its goals. 

“I launched my own food and drinks business whilst at University and grew it to 36 staff over 13 years. There were many highlights over the years, but an equal number of failures and lessons learnt.

“It is these valuable lessons that has led to my current role as Business Growth Adviser at Edinburgh Napier University. I have a passion for the start-up community and hope that in my new role with YES I can steer others down this path and achieve their goals.”

New research reveals changing consumer habits

Over a third of Britons have tried a local small restaurant or shop for the first time by ordering online during the Coronavirus lockdowns, new research prepared by Public First on behalf of Internet Association (IA) has revealed.

And with 71 percent of small and medium sized businesses (SMEs) surveyed planning to continue selling products online after the end of lockdown, the research highlights how changing consumer habits have opened new revenue streams – both during the pandemic and into the future – for small businesses in the UK. 

As non-essential retail in England opened its doors on Monday, the findings – which include new public opinion research and a survey of 250 SMEs in the wholesale, retail and food sectors – show how shopping behaviours have changed during the pandemic and will continue after lockdown eases, as well as highlighting the vital role the internet has played in helping SMEs continue selling products throughout the pandemic.

The extent to which the internet has given SMEs the opportunity to continue selling products throughout the pandemic is clear – with 30 percent offering a delivery function for the first time and 20 percent offering online sales for the first time in order to continue being able to earn revenue while their shops were shut. 

The figures also highlight how the public used the internet to try local small shops and restaurants for the first time during the pandemic – as well as detailing the changing behaviour between online and in person shopping that will remain once the lockdown eases this week. 

The new research shows:

  • Nearly half of the public (48%) ordered food or drinks online from local restaurants during coronavirus lockdowns.
  • 36 percent of the public tried a local shop or food outlet for the first time by ordering online during the pandemic, with three quarters (76 percent) of those people now planning on visiting the outlet physically for the first time once restrictions are eased;
  • More people now plan on taking a blended approach to their shopping habits from next week, with 29 percent now saying they will shop half online, half in person (up from 23 percent saying the same of their habits before the coronavirus pandemic);
  • This blended approach from consumers is also expected by SMEs. When asked about their pre-pandemic sales, 17 percent said they had a mixture of online and in-store sales. However, a quarter (25 percent) now expect to have a mixture of online and in-store sales once retail reopens next week. 

An IA spokesperson said: “This new research shows how the internet has played a vital role during the lockdowns over the last 12 months. Importantly, it also shows how the internet can help drive the UK recovery forward.

“The way people work, shop, and do business may have changed for good – it is clear that the internet sector can help ensure that those changes boost the UK economy, communities, and wider society.

The new research of SMEs also showed:

  • 61 percent of SMEs surveyed said their business would not have been able to survive without using the internet to sell products during the lockdown;
  • 20 percent set up a social media page for the first time, helping firms expand their reach while physical shops had to be closed;
  • 25 percent allowed staff to work from home for the first time.

Business calls for inclusive debate on economic strategy

ISSUED ON BEHALF OF CONCERNED BUSINESS LEADERS

We believe the Oxford Economics report, ‘Raising Scotland’s Economic Growth Rate’ underscores the need for inclusive debate across political parties, Government, trade unions, business, the third sector and the media, indeed all concerned parties, to determine a new economic strategy for Scotland.

Radical and ambitious policy changes are required if Scotland’s economic performance is to be transformed and significantly boosted within the next 15 years and there must be no sacred cows as we determine those changes.

We must, as a necessity not a choice, address Scotland’s low productivity, poor business birth rate and lack of success with scale-ups that mean Scotland’s GDP per head is a mere 44% of Singapore’s level, 48% of Ireland’s, 68% of Norway’s and 75% of Denmark’s.

As the report states “it is not realistic to think that the current economic policies of either the UK or Scottish governments will produce a transformation of Scotland’s economic performance”.

Hence we must act now, in collaboration not conflict, to support and deliver a strategy that takes us up the ladder of GDP and drives innovation and scaling not just within business but across the whole of the public sector.

Achieving significant growth in our GDP is not just in every single persons’ interest, it’s an imperative if we are to maintain and indeed enhance our public services and drive the jobs that are so desperately needed post-pandemic.

We owe it to our young people that we create a vibrant economy for them to inherit and we need to be exceptional custodians of Scotland’s future for their sakes. To do so we cannot simply do what we have always done, tinkering on the edges, Scotland needs to think big and it needs to think fast.

Our opportunity is our size, we are a speed boat compared to the super tanker economies and we are a nation that has historically invented the modern world, its not beyond our ken to do that again.

We implore a rational, national debate on our economic future to then deliver a strategy and an operational implementation plan for Scotland’s growth. 

Signed:

Andrew Parfery,          Company Director,     Caresourcer

Andrew Wilson,          Founding Partner,       Charlotte Street Partners

Carolyn Currie,            Chief Executive,          Women’s Enterprise Scotland

Chris Van Der Kuyl CBE,          Chairman,                   4J Studios

Claus Marquordt,        Co-Founder & CEO,     Integrated Graphene Ltd.

Colin Blair,                   Chairman,                   Buzzworks Holdings

Craig Letton,               CEO,                            MRM Global

Duncan Maclean,        CEO,                            Candle Shack

Ellis Watson,               Company Director

Fraser Edmond,          CEO,                            Broker Insights

Kieran Coyle,               Company Director,     Premiership Experience

Liz Cameron OBE,       Chief Executive,          Scottish Chambers of Commerce

Mairi Mickel,               Company Director and Family Business Adviser

Marie Clare Tully,        Chief Executive,          Columba 1400

Marie Owen,               CEO,                            LS Productions

Mark Beaumont BEM, Athlete, broadcaster, investor and author

Mark Scott,                 Company Director,     Bella & Duke

Paddy Burns,               CEO,                            4J Studios

Philip Ross,                  Company Director,     Safehinge Primera

Poonam Gupta OBE,   CEO,                            PG Paper

Ramin Golzari,            Company Director,     Highlander Outdoor

Ray Perman,                Chairman,                   Inner Ear Ltd

Robin Marshall,           CEO,                            Bain Capital

Ross Tuffee,                CEO,                            Iceberg.tech

Sandy Kennedy,          Chief Executive,          Entrepreneurial Scotland Foundation

Sara Thiam,                 Chief Executive,          Scottish Council for Development and Industry (SCDI)

Steven Easton,            Managing Director,     Green Home Systems Limited

Recovery Loan Scheme launched

A new UK government-backed loan scheme has launched to provide additional finance to those businesses that need it.

  • new loan scheme will provide further support to protect businesses and jobs
  • loans will include 80% government guarantee and interest rate cap
  • government has backed £75 billion of loans to date as part of unprecedented £350 billion wider support package

The Recovery Loan Scheme will ensure businesses continue to benefit from Government-guaranteed finance throughout 2021.

With non-essential retail and outdoor hospitality reopening next week, Ministers have ensured that appropriate support is still available to businesses to protect jobs. From today, businesses – ranging from coffee shops and restaurants, to hairdressers and gyms – and can access loans varying in size from £25,000, up to a maximum of £10 million. Invoice and asset finance is available from £1,000.

The Chancellor of the Exchequer, Rishi Sunak, said: “We have stopped at nothing to protect jobs and livelihoods throughout the pandemic and as the situation has evolved we have ensured that our support continues to meet businesses needs.

“As we safely reopen parts of our economy, our new Recovery Loan Scheme will ensure that businesses continue to have access to the finance they need as we move out of this crisis.”

This is in addition to furlough being extended until 30 September, and the New Restart Grants scheme launched last week, providing funding of up to £18,000 to eligible businesses.

The UK Government is also supplementing this with the Plan for Jobs, focused on protecting, supporting and creating jobs across the country through the Kickstart scheme, T-level and a National Careers Service.

The scheme, which was announced at budget and runs until 31 December 2021, will be administered by the British Business Bank, with loans available through a diverse network of accredited commercial lenders.

26 lenders have already been accredited for day one of the scheme, with more to come shortly, and the government will provide an 80% guarantee for all loans. Interest rates have been capped at 14.99% and are expected to be much lower than that in the vast majority of cases, and Ministers are urging lenders to ensure they keep rates down to help protect jobs.

The Recovery Loan Scheme can be used as an additional loan on top of support received from the emergency schemes – such as the Bounce Back Loan Scheme and Coronavirus Business Interruption Loan Scheme – put into place last year.

So far, the government’s emergency loan schemes have supported more than £75 billion of finance for 1.6 million British businesses and this new scheme will build on that success. This is part of the government’s unprecedented £350 billion support package which has included paying millions of workers’ wages through the furlough scheme and generous grants and tax deferrals.

Business Secretary Kwasi Kwarteng said: “We’re doing everything we can to back businesses as we carefully reopen our economy and recover our way of life.

“The launch of our new Recovery Loan Scheme will provide businesses with a firm foundation on which to plan ahead, protect jobs and prepare for a safe reopening as we build back better from the pandemic.”

Reactions from business groups:

Rain Newton-Smith, CBI Chief Economist, said: “The coronavirus loan schemes have provided a critical lifeline to businesses, and so its successor – the new Recovery Loan scheme – comes as a huge relief to firms.

“These loans can be taken alongside existing COVID loans to help firms refinance, restructure and go for growth.

“It’s vital support remains as restrictions relax and demand returns to normal, allowing businesses to recover, save jobs, and support for reopening.”

Commenting on the Recovery Loan scheme, Suren Thiru, Head of Economics at the BCC, said: Accessing finance remains crucial to the lifeblood of a business and so the launch of the Recovery Loan scheme is welcome.

“The new scheme can play a potentially pivotal role in supporting the recovery by getting credit flowing to the firms who most need it.

“Chambers of Commerce will continue to work with government and the banks to ensure that businesses have the clarity they need to enable them to use the new scheme to help them return to growth.”

David Postings, Chief Executive of UK Finance, said: The banking and finance industry remains committed to supporting businesses of all sizes through the next phase of the pandemic response.

“As focus turns to economic recovery, we know that many firms are still facing uncertainty. The new Recovery Loan Scheme, alongside other commercial financial support, will help firms rebuild and invest for future growth.”

Quarter of Scottish businesses able to expand during pandemic

  • 16% of business owners said that they had started their business during the pandemic
  • But 40% of business owners say they have struggled in the last year
  • Business owners and High Net Worth Individuals (HNWI) in Scotland broadly optimistic over future economic outlook due to easing of social restrictions

Despite a difficult year, over a quarter of Scottish businesses have been able to expand during the pandemic indicating some ‘green shoots’ of recovery according to research by Rathbone Investment Management.

Indeed, some businesses have been able to adapt their business models during the pandemic, with many moving to online sales in order to generate income. This has had a positive impact with a quarter (26%) of business owners having expanded their business during the pandemic.

In addition, a further 16% of business owners founded their business during the last twelve months as the pandemic sparked new ideas and opportunities.

Businesses in Orkney and Shetland were the most likely to have expanded in the pandemic (33%), while Dundee, Perthshire and Angus had seen the highest numbers of newly created businesses (25%).

However, the pandemic has had significant implications for many businesses across Scotland, with four in ten (37%) reporting that they had suffered during the pandemic according to Rathbones’ research.

The ongoing social restrictions have forced large numbers of businesses to close over the last year, with businesses in retail, leisure and hospitality most impacted. Indeed, while a roadmap has been announced that spells out Scotland’s path out of lockdown, one year into the pandemic many businesses have seen significant losses in income.

It’s clear that the pandemic has had a mixed impact on Scottish businesses. As Scotland, alongside the rest of the UK begins to open up many of Scotland’s business owners and HNWIs (those with investable assets over £250k) are optimistic about the state of the economy.

Indeed, 59% of those surveyed by Rathbones said that they were optimistic about the economic outlook of the next twelve months. Of those, 44% said that the easing of COVID-19 restrictions was a key driver behind this belief in the future strength of the economy.

Simon Dewar, Regional Director at Rathbones comments: “The past twelve months have been difficult for businesses across Scotland with every organisation needing to adapt to some extent due to the pandemic.

“However, the impact has been disproportionate with some businesses severely financially impacted. While government support has gone some way to support these businesses throughout this period, its unlikely we’ll see a true recovery until restrictions are fully lifted.

“With the vaccine roll-out ongoing, many business owners will be holding their breath and hoping that this effort reaps dividends and we can stick to the timelines set out in the roadmap.

“It’s clear from our research that Scottish businesses are largely optimistic for the future, with a high proportion expecting a positive outlook for the economy in the next twelve months. As businesses start to recover from the initial impact of the pandemic putting a financial plan together to rebuild any safety net that may have been eroded away during this period will be key for business owners.

Many businesses have deferred any expansion plans over the last year as the focus has been on survival. As confidence grows, so will the sparks of entrepreneurial endeavour, with businesses dusting down these plans and using what they have learned through the crisis to seize opportunity and build robust businesses that drive our economy.”

Scottish business confidence returns to pre-pandemic levels – but remains in negative territory

Bank of Scotland’s Business Barometer for March 2021 shows:

  • Overall confidence of firms in Scotland rose 15 points in the past month to -2%
  • Optimism grew in all UK nations and regions for a second consecutive month after roadmap for ending lockdown restrictions was laid out
  • Overall UK business confidence surged to its highest level since February 2020

Business confidence in Scotland rose 15 points during March to -2%, the highest reading since March 2020, according to the latest Business Barometer from Bank of Scotland Commercial Banking.

The data has been released just a week after the one-year anniversary of the first COVID-19 lockdown.

Companies reported higher confidence in their own business prospects month-on-month, up 6 points at -5%.  When taken alongside their optimism in the economy, which was up 24 points to 2%, the increases give a headline confidence reading of -2%. Despite the increase, Scotland was the only area of the UK to give a net pessimistic reading during March.

The Business Barometer questions 1,200 businesses monthly and provides early signals about UK economic trends both regionally and nationwide.

When it comes to jobs, a net balance of 20% of firms in Scotland expect to reduce staff levels over the next year, up 16 points on last month.

The UK picture

Overall UK business confidence rose for a second consecutive month in March. Firms’ confidence increased by 13 points to 15%, the highest reading since February 2020, before coronavirus was confirmed as a pandemic by the World Health Organisation. 

UK firms’ economic optimism also increased by 15 points to 17%, while confidence in their own business prospects jumped 10 points to 12%.

In fact, every UK region and nation reported an increase in overall confidence during March, with most reporting a double-digit rise month-on-month. The North East (1% to 26%), West Midlands (3% to 27%) and East of England (-8% to 12%) reported the largest increases.

Fraser Sime, regional director for Bank of Scotland Commercial Banking, said: “Scottish business confidence has increased for a second consecutive month and is the highest since March 2020. Despite it remaining in negative territory, there is hope that the end of a challenging year is now in sight. 

“We’ll remain by the side of businesses in Scotland as restrictions are eased in the coming weeks and months, helping them on the road to recovery and as they seek new growth opportunities.”

Paul Gordon, Managing Director for SME and Mid Corporates, Lloyds Bank Commercial Banking, said: “We have completed a full circle since lockdown began in March 2020 and it is uplifting to see businesses portraying confidence for the months ahead. The regions have reported a tremendous result in confidence, especially England which is positive across the board.

“In the sectors, the uptick in confidence for manufacturing is driven by strong trading prospects, while in retail, there is an anticipation that pent-up demand will drive consumption when restrictions are lifted. The months ahead will play a pivotal role in charting the course for the UK’s recovery and we remain by the side of businesses as they go along on this journey.”

Hann-Ju Ho, Senior Economist, Lloyds Bank Commercial Banking, said: “It’s been a year since the first lockdown and the surge in confidence this month tells us firms are increasingly confident about economic recovery.

“The broadly positive outlook is driven by steady vaccine deployment, the roadmap out of lockdown and the extension of government support measures. It will be interesting to see whether the momentum for stronger business optimism is sustained in the months ahead.”

Edinburgh Guarantee will help business back on its feet

The pandemic has impacted us all in so many ways. As the vaccination programme rolls out, we can start to see a return to a more ‘normal’ way of life. But we can’t just build back to where we were (writes Cllr. KATE CAMPBELL).

This crisis has brought into sharp focus the structural inequalities that are woven through our society. We need to build an economy that offers more stability and, crucially, more equality for everyone.

Sadly, many firms are saying they’ll have no option but to make redundancies once furlough ends. The full impact on employment is still to be fully realised. This is alongside the economic uncertainty caused by Brexit, still largely masked by the pandemic.

So there is much to do.

Supporting business and retaining jobs must be the priority, alongside building an economy with fair work, sustainability and wellbeing at its heart. As your council we feel that we’ve an important role to play.

Together, with partners, we’re working hard to support businesses to get back up and running. So far, we’ve administered over £181.4m in grants to more than 19,000 businesses.

And we’ve been working on plans to bring back the Edinburgh Guarantee – first launched after the last recession, offering training or employment to all young people.

We’ll be relaunching as the Edinburgh Guarantee for All, expanded to support residents of all ages.

We know that people who already faced disadvantage have been more likely to be adversely affected – people on low incomes, in insecure work, women, disabled people, and people from a BAME background. So support will be focussed on those who need it the most.

We’ve been speaking to businesses, colleges, universities, voluntary sector and national organisations. We’ve met with employers from all sectors, gaining valuable insights into how the pandemic has affected different industries.

We’ve been struck by how much our business community wants to work together to rebuild our economy, creating good quality jobs and opportunities for fair work. And we’re looking for more employers to join us.

There are many benefits to being part of the Edinburgh Guarantee. We’ll help employers connect with a diverse and talented pool of potential employees.

With a track record of delivering employment support we can help businesses who want to promote inclusion and diversity in their workforce, with all the benefits this brings.

The Edinburgh Guarantee team will be on hand to help with recruitment processes. And we’ve been pulling together key resources, for example, access to funding to support recruitment. Getting involved will help employers to raise the profile of their business and connect with other organisations across their sector.

All this information will be available on our new website, launching soon.

But most importantly it’s an opportunity for our business community to get involved, actively, in rebuilding our economy.

So please get in touch with us today via edinburghguarantee@edinburgh.gov.uk –  be part of the recovery of our city, and give someone that chance to move into fair work or gain the education and training that they deserve. 

Cllr Kate Campbell is Edinburgh’s Housing, Homelessness and Fair Work Convener.

This article first appeared in the Edinburgh News

How to manage your business insurance while working remotely

 With the country now in its third and hopefully final lockdown there are many businesses unable to operate from their usual premises under current government guidelines, many employees have reverted to working remotely from their homes.

While focus has been on transitioning equipment and employees, many business leaders may not have yet had time to consider their insurance policies and the potential impact of remote working over the longer term. 

To support businesses, leading insurance provider,Insurance2go, has shared advice on business insurance cover for those with employees who continue to work remotely. 

Check your policy 

This may seem like an obvious first step, but it is important to check that you are still covered by your insurance while employees work from home. 

The good news is that, generally, your insurance will cover your business when it’s not in its regular location. Where you operate from doesn’t really matter, as long as you’re still in the UK. However, you may need to check your contents insurance and whether it covers use of items such as laptops, for example, beyond your normal premises. If it doesn’t, you may need to extend your cover as you cannot rely on your employee’s home insurance to include business use. 

Health and safety checks 

Interestingly, The Health and Safety at Work Act 1974 makes no distinction between home and in-office workers. The regulations require employers to carry out a risk assessment of their employees’ workplace, to identify any potential risks so the employer can then seek to remove or mitigate the risk. 

It is not necessary to visit the employee’s home to carry out a risk assessment, particularly during the ongoing pandemic. However, HR managers can provide the employee with a detailed self-assessment questionnaire as part of a firm’s legal responsibilities for homeworkers. 

If your company does not have one already, there are many free templates available online. 

Heath & Safety Executive: Free Display Screen Equipment Checklist 

https://www.hse.gov.uk/pubns/ck1.htm

Keep records 

Your business needs to be able to show that is has done everything by the book, just in case a circumstance arises where an employee says you didn’t set them up to work from home properly and suffered as a result of it, or there is a data breach. Keep a record of everything you have done, including reasons and the dates they happened. 

It is important to have a home working policy that staff can access and read to ensure it is clear what is expected from both parties. 

Home working policies should cover key areas including: 

  • when employees will be available to work 
  • how and how regularly they’ll keep in touch 
  • how their performance will be managed 
  • health and safety expectations 
  • rules around confidentiality, IT security, storing information and data protection 
  • who employees should contact if they’re experiencing any problems. 

Get cyber insurance 

During 2020, the NCSA (National Cyber Security Centre) reported an increase in cyber-security threats, most likely as a result of employees working from home with serious breach affecting a business’s reputation1. 

Firstly, make sure IT teams have undertaken checks on all laptops, desktops, and tablets to make sure they are as protected as possible. Also ensure secure connections are set up from the worker’s home station to the company network. 

As cybercrimes become more sophisticated it is important not to rely on checks alone, having cyber insurance in place will help to mitigate further risks. 

Keep your insurer informed 

Most likely your business has changed due to the pandemic if you’ve seen a period of rapid expansion and growth. Whatever your circumstances then get in touch with your insurer. If you’re unsure, err on the side of caution and provide the updates, rather than running the risk of invalidating your policy. 

On the other hand, if your business is now having to operate remotely, you should check with your individual insurance providers as to whether they require you to check and maintain security systems while the premises are vacant. 

Richard Gray, Head of Marketing and Digital, at Insurance2go says:“It has been an unforeseen time for businesses and employees alike, and for many business leaders it can be hard to predict what the future looks like for their employees in terms of working remotely. 

“It’s more important than ever that businesses protect themselves from any unplanned expenses and we hope this advice helps people understand what is required from an insurance point of view, to continue to operate effectively and safely while working from home.” 

For more information on business insurance, please visit:

https://www.insurance2go.co.uk/about/news-blog/news/insurance2go-business-launches-new-specialist-multi-item-insurance 

Three steps the UK Government must take now to solve the Brexit border chaos

The current trade disruption between the UK and the EU is the result of ignoring expert advice and a chaotic information campaign, which must urgently be solved in three steps, says leading London accountancy firm Blick Rothenberg.

Alex Altmann, a partner and head of the firm’s Brexit advisory group, says: “We warned about serious disruptions many months ago and advised the Government to introduce an implementation phase for businesses to cope with the new customs formalities.

“The foolishness and amateurism of the Government’s approach has created existential threats to many businesses on both sides that currently struggle to trade with each other. The disruptions must urgently be solved in three steps.

“First, the Government must temporarily relax the requirement for EU traders to have an office in the UK to import goods, and subsequently ask the EU commission to do the same. The most serious problem today is that businesses without a presence in the other market cannot import their goods without appointing a customs agent.

“ This is how the new customs rules have been designed by the UK and the EU as part of the Brexit deal. This is a serious flaw. Customs agents are rare and very expensive and the UK currently requires about 20,000 more agents to meet demand. The Government should take this step very urgently to avoid a major supply chain disaster in the weeks ahead.”

Altmann added: “Second, the Government needs to admit that their expensive Brexit information campaign has not prepared businesses well enough for the new trade relationship with the EU. The guidance provided by the UK Government contains conflicting information, not enough detail, and to some extent, wrong advice.

“This has become particularly apparent with regards to the new border situation with Northern Ireland. It has become clear that the Government’s guidance has not been drafted by trade and customs experts, which is a serious shortcoming.

“The Government must take a step back now and relax the rules for the time being, while redrafting guidance and advisory papers based on the final Brexit deal arrangements. This is the only way to overcome the misinformation and provide traders and freight carriers with the confidence they need to sell cross-border.”

Altmann, who is also a Chairman at the British Chamber of Commerce in Germany said: “  “Thirdly, there are some serious flaws in the Brexit trade deal that the Government must put high up on the agenda to clarify and potentially renegotiate with the EU.

“ One area that continues to create confusion among traders and their freight carriers is the new rules of origin provision. The Government presented the Brexit deal as a tariff and quota free agreement. This is only partly true. Tariffs still apply in the normal way for manufactured goods which contain more than 40 percent of ingredients with origins outside the UK or EU.

“There is no guidance of how businesses should calculate and document the origin analysis. This is causing major disruptions to supply chains. Again, we recommend that the new rules of origin are temporarily paused until there is sufficient guidance and expertise available to work this out.”