Tees Valley Back To Basics Fund

A BACK TO BUSINESS FUND HAS BEEN LAUNCHED TO HELP PROVIDE SMALL AND MEDIUM-SIZED BUSINESSES IN THE HOSPITALITY, TOURISM AND EVENTS INDUSTRY ACCESS TO DIRECT PROFESSIONAL SUPPORT, ADVICE AND GUIDANCE AS THE REGION BEGINS TO RECOVER FROM COVID-19.

The fund will allow firms working within the visitor economy to seek specialist advice to help further mitigate the impacts of Covid-19 in order to build in resilience within their business or address potential new opportunities that also may require ongoing support to innovate, scale up or meet their own growth path.

The professional support, advice and guidance will be available in areas such as HR, accountancy, legal, financial, health and safety, IT and digital. This list is not exhaustive with the advice aimed at supporting a range of business recovery and growth needs, for example:

• Business planning and reshaping strategy e.g. pivoting to open up new areas of demand rapidly

• Cashflow planning and debt finance

• Human resources e.g. navigating HR policies, procedures and legislation

• Legal

• Digital and shifting to online trading

• Operations, including health and safety e.g. adapting customer journeys to reduce physical touch points (tech adoption) or delivering services in a socially distanced way

To be eligible, the business must be operating in the visitor economy across Tees Valley (i.e. businesses largely dependent on visitors for income (both leisure and business visitors). Visitor economy businesses interested in applying for funding should initially submit an expression of interest through the online form available below.

To find out more information, visit here