When the recession hit the UK, we spiralled into a big pile of public debt.  Alistair Darling’s April Budget forecast would put us in the largest amount of public debt that Britain has encountered since the 1960s, when records began.

Businesses across the nation have struggled, facing fear of job cuts, shrinked company budgets, downsizing, administration or liquidation. Birmingham City Council has now secured funding to help businesses that are suffering financial hardship during this tough downturn.

A total of £500,000 been pledged to ‘Be Birmingham’ and this is to be shared amongst the SMEs (Small to Medium Enterprises) who are considered to be suffering ‘extreme hardship’.

If you are a small to medium firm, and you are struggling to cope during the recession, you need to be able to provide evidence that you are sustaining this hardship. Are you a struggling business in Birmingham? For more information about how the Birmingham Hardship Fund can help you, call 0121 303 5510 / 303 5511 to speak to an advisor.  You claim will be considered within 28 days.

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• Pre-Budget report: high earners may be squeezed ‘until their pips squeak’ (telegraph.co.uk)
• Public finances: Filling in the holes (guardian.co.uk)
• Borrow for recovery, says Darling (news.bbc.co.uk)