Cost of living support for businesses

Find out about support available for your business if you need help with the cost of living.

Financial cost of living support for businesses

Energy bill support

In September 2022 the Government announced an energy price guarantee for businesses meaning they will have their energy costs capped for six months at the same price per unit as households.

The cap will be reviewed in December 2022 and could be extended for certain industries or vulnerable businesses.

Find out more about the Energy Relief Scheme for non-domestic customers.

Financial management support

Business Debtline is a charity that provides free and independent debt advice over the phone and online. It also provides a range of debt advice factsheets on topics ranging from business debts, debt solutions to dealing with creditors.

HM Revenue and Customs (HMRC) allow you to pay your self-assessment tax bill in instalments if you cannot afford to pay it in full (Time to Pay scheme).

The London Business Hub Cost of Doing Business Hub provides practical guides on the steps you can take to protect your business, avoid cash flow problems and manage business finances.

Support to find and advice about business property

The London Business Hub offers a free property advice service to help with finding suitable commercial space, end of lease issues, and rent negotiations.

You can check our property and space information you if want to hire a flexible workspace.

You can find premises to hire that we’ve assessed on our workspace provider list.

Get a loan to support your business

The British Business Bank has guidance on how smaller businesses can tackle the cost of living, reduce costs and build financial resilience.

They also have extended the Recovery Loan Scheme, helping businesses access finance so that they can manage their cash flow, to invest and grow. Businesses can get loans of up to £2million.

Find out more about business recovery loans and accredited lenders

Other support to help your business thrive

Start-up support

Southwark Pioneers Fund is a programme of support for business founders and aspiring entrepreneurs in Southwark.  Find out more about the support to launch and grow your business.  

Help to grow your business

The London Business supports small businesses by providing them with the tools they need to thrive and recover. Southwark businesses can access unbiased business support, including help with business planning, sales and marketing.

Business support helpline

The government-funded Business Support helpline provides help with starting and running a business

Help with recruitment

Southwark Works provides free recruitment services and help if you are recruiting to vacant positions.

 

Page last updated: 14 October 2022

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