Kirsty McGregor, CFN, and Paul Surtees, Capitalise, discuss government support, changing lending practices and resolving working capital requirements.

Additional resources

• You may find Paul's short article useful background reading on COVID-19

Taking action

Businesses need to plan for survival. Prepare a cashflow forecast and ensure they know how they will survive this period to thrive again. We are asking accountancy firms to join our campaign and commit to have a dialogue with every single client to:

• Check in. Are they coping okay? what are their main worries?
   
• Prompt a forecast. Encourage them to prepare a cashflow forecast for the next 12 months & assist with that, if necessary
   
• Assess further support & funding needs. Do they need further support to raise finance, manage working capital or consider another strategic direction for their business?