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recovery (2)

Silver Level Contributor

Businesses will have access to expert advice on unprecedented issues to cope with challenges faced during the pandemic

As lockdown measures begin to ease, thousands of businesses across the UK are preparing to return to normal operations after shutting down due to the coronavirus pandemic. However, many businesses may find it difficult to bounce back. The government has announced a new £20 million package to support the recovery of small businesses following the coronavirus pandemic, set to include a specialised programme rolled out in business schools across the country. 

The government has partnered with the Small Business Charter to provide a specialised programme for leaders of small businesses, giving them the tools to survive and thrive in a post-coronavirus world. This new scheme comes as part of a £20million package the government is providing to help small businesses in the long term. The Small Business Leadership Programme will be held by some of the top business schools around the country, who will create peer groups in order to develop stronger leadership, innovation, operational efficiency, marketing and finance to encourage future growth and resilience in today’s climate. 

All business schools delivering the programme have been accredited by the Small Business Charter (SBC), a national accreditation awarded by small businesses to business schools who excel in supporting SMEs and the local economy. Business leaders will be granted access to small business and management experts at some of the UK’s leading business schools. The Small Business Leadership Programme is free and fully funded by the Government to enhance small business resilience and recovery from the impact of COVID-19 and develop the potential for future growth and productivity. 

The programme will be delivered online through a course of eight 90-minute webinars over 10 weeks. Business leaders will learn how to effectively tackle the current crises and the programme will also allow businesses to strengthen their business network. Participants will develop strategic leadership skills and the confidence to make informed decisions and learn tips on how to boost business performance for the future. The programme will begin in September 2020 and end in January 2021. 

This programme comes at a time of mass uncertainty amid the coronavirus pandemic, which has put a dent on the UK’s economy. Now, directors and CEOs of small companies are facing immense pressure as they navigate unchartered waters. According to a recent McKinsey online survey of UK SMEs, 80 per cent of small businesses reported their revenues were declining in June 2020.  

“The effects of COVID-19 have been particularly damaging for small businesses and providing their leaders with the experience and knowledge to survive and thrive will be essential for the future success of the country,” Anne Kiem OBE, Executive Director of the Small Business Charter and CEO of Chartered Association of Business Schools. “While cash injections are important, for the long-term, business leaders need the skills to ensure they and their businesses are resilient and can grow throughout this period and beyond. Accessing experts from the world-leading business schools we have in this country will be an essential resource for businesses in the months and years to come.”  

“Half of small businesses in the UK expect revenues to drop by more than a half following the coronavirus pandemic,” Michelle Ovens MBE, Chair of the Small Business Charter said. “Small businesses are finding themselves under a huge amount of pressure from the complexities of opening up again, social distancing, protecting staff and customers, drop in footfall and spend across the board. This new programme is a fantastic opportunity with the greatest business minds to ensure business leaders can get the expertise and knowledge they need to recover and thrive.” 

The coronavirus pandemic has brought a series of challenges for SMEs as they navigate through the uncertainty of the pandemic. With the tools and support in place, small businesses can access resources and advice to help them bounce back from this difficult time.

Originallyy published by
Latifa Yedroudj | August 5, 2020
elite business

 

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Gold Level Contributor

Vodafone tips 5G to aid UK Covid-19 recovery

Vodafone UK called on the government to prioritise 5G rollout as part of its Covid-19 (coronavirus) recovery plan, as it published a new report predicting the technology could add £158 billion to the economy over the next decade.

The operator stated research for its Levelling up: How 5G can boost productivity across the UK report, which it commissioned in association with consultancy WPI Economics, showed the technology could deliver the economic boost by transforming the way the public access vital services.

Vodafone used the report to mark one year since the launch of its 5G network in the UK, and said investment in 5G could lead to the creation of new jobs and business opportunities, as well as improve the provision of public services.

It calculated the cumulative economic benefits to UK output stand at more than £38 billion in the five years to 2025, and at more than €120 billion from then to 2030.

However, to ensure 5G delivers the maximum financial impact, the operator called on the government to make digital services central to its economic recovery plan by creating the policy, procurement and an investment environment to support faster rollout of the technology.

Nick Jeffery, CEO of Vodafone UK, said 5G will play a “vital role” as the economy recovers from the Covid-19 pandemic.

“It is crucial to recognise the role that fast and reliable connectivity will play in unlocking the digital potential that exist in every nation and region across the UK,” he said.

Vodafone’s 5G services are currently available in 44 locations across the UK.

Originally published by
Kavit Majithia | June 29, 2020
Mobile World Live

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    Love Business EXPO 2021
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