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Business, taken personally.

How we can help you get back to business

Posted by Lotty Reeves on 4th August 2020

Headed up by Tees Valley Mayor, Ben Houchen, the Back to Business fund has been extended to help SME’s access professional support to aid the recovery from Covid-19.

The scheme has now opened up to Tees Valley businesses outside of the hospitality and tourism sector to help further mitigate the economic impacts of the pandemic.

Businesses can access fully funded grants of between £1,000 and £5,000 to cover the costs of professional services such as legal advice.

We’re proud to be a registered supplier on the scheme, supporting businesses with advice on:

Corporate and Commercial
  • Reviewing your terms and conditions and other contracts to ensure your business is compliant with the legislation that has been passed to try and mitigate the economic consequences of Covid-19. For example, the impact of the Corporate Governance and Insolvency Act 2020 on the automatic termination provisions in supplier contracts.
  • Advising businesses on the different ways in which you can try and raise funding to boost your working capital/capital reserves.
  • Reorganisation / re-structuring of your business(es).
  • Merge or acquire other businesses – you may be able to strengthen/improve your viability by acquiring or merging with another business or competitor.
Commercial Property
  • Documenting any renegotiated lease terms (e.g. rent reductions in place of future break rights);
  • Dealing with lease/licence documentation for new or existing premises to ensure you aren’t exposed to unreasonable/onerous lease terms;
  • Reviewing existing tenancy arrangements to advise on issues to consider when exiting premises or looking to remain at lease expiry.
Employment law and HR
  • TUPE
  • Managing issues relating to staff returning after furlough including holiday and pay issues
  • Covid risk assessments and health and safety issues
  • Recruitment
  • Investigations, disciplinary processes and dismissals
  • Grievances
  • Contracts, handbooks, policies and procedures
  • Redundancies/Restructures
  • Varying terms and conditions of employment
  • Settlement agreements
  • Conciliating and defending Employment Tribunal claims
Dispute Resolution and Corporate Recovery and Insolvency 
  • Debt recovery
  • Contract disputes
  • Lease issues and commercial rent arrears (from a landlord or tenant perspective); and
  • Insolvency and restructuring

Find out if your business is eligible. 

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