An article in popular scaffolding magazine Scaffmag has reported that a leading business in Redditch, has received a large boost in funding to help its recovery since lockdown. Through the support of the new government scheme, Coronavirus Business Interruption Loan Scheme (CBILS) Portway Scaffolding has received £100,000 from BCRS Business Loans. It is hoped that this will help to boost their cash flow, reduce job losses for 32 employees, and generally get their business back on track. Like many others Portway had nearly all its contracts put on hold and the lack of work has put a huge strain on them. Even though this is just one example of a business that is starting to recover, there are many others around the country that are still struggling or only just looking at getting back on their feet.
https://scaffmag.com/2020/07/scaffolding-firm-secures-100k-funding-boost/#
The managing director of Portway Don McGrath had this to say about their optimism for the business. “We have been communicating regularly with our customers and suppliers and envisage that demand for scaffolding will be similar to pre-lockdown levels, as we continue to fulfil pre-existing contracts and work on new construction sites resumes”. This quote can provide hope to other scaffolding businesses around the country who are looking forward after lockdown. As things do begin to pick up again it is important to remember the measures that are still in place to protect from coronavirus and not to jump back to ‘business as usual’ too quickly. The guidelines are in place to ensure the safety of your staff and customers and so ultimately your business can operate during these uncertain times.
“We expect business operations to start returning to normal soon, as lockdown measures are eased further and more construction sites re-open”.
“In the meantime, we are busy reviewing our processes and putting additional measures into place to ensure it is safe for our staff to return to work”.
Maybe your scaffolding business could be eligible for the government’s funding scheme to help you become more operational. Even if that is the case it still could be difficult to find value for money in the materials you need to complete your work. We provide highly affordable ladders and scaffold towers that can suit your needs. Currently we are having a warehouse sale so you could get a lucrative deal with our products. Use the link below to find out if you are eligible for CBILS and apply officially through the government website.
https://www.gov.uk/guidance/apply-for-the-coronavirus-business-interruption-loan-scheme
So, when getting your business back on its feet be sure to help yourself as much as possible by accessing any government aid available. Also try and work in the most cost-effective way you can, ensuring you get the highest quality products at the best prices. Follow the guidelines to ensure the security of your workers and clients and most importantly remain positive! Coronavirus has had a terrible impact on all our lives this year but there is always a light at the end of the tunnel and a way forward for your business.
Stay up to date on any news or changes in the industry with us at BPS. We aim to not just help with your ladders and scaffold tower needs but to provide the most relevant information through our articles and blogs so keep informed with BPS.
