Is your business feeling the bite of the 'credit crunch'?

Date: Friday 3rd October 2008

The credit crunch and the downturn in the global economy is having an effect on lending, cashflow and profitability for SMEs across the whole of the UK, and Pembrokeshire is not excluded. With an increasing stringency in banks’ lending criteria, less being spent on the high street and a pervading sense of financial darkness, many Pembrokeshire based enterprises will be wondering what the coming months will bring. However, it is not all doom and gloom.

Tightening the business belts and streamlining operations are potential ways forward, but good financial and business planning is crucial to survival and growth, and now more than ever, it is vital to be proactive.

However, that is all great in theory, but as a business owner much of your time is no doubt focussed on the day to running of the business, and trying to find the time and resources to forward plan and look at the bigger picture can often be difficult.

PBI’s business development team are here to help. We provide a wide range of services and support programmes to assist Pembrokeshire companies. Much of the advice we offer is fully or heavily subsidised and is delivered by experienced advisers with specialist skills and expertise.

Our advisers are on hand to help you to address business issues and opportunities that may have emanated from the credit crunch. Our team can bring a local focus to these national and international issues, and with business surgeries currently being held throughout the county, it makes it even easier for you to access the support you need to grow and develop your businesses.

If you would like to know more about the PBI services available to help your business take positive actions and the subsidised support schemes you may be eligible for, please call PBI on 01646 695300.