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Managing the impact

Support for your business as costs rise

Increases in the cost of living and trading have meant many businesses have felt a squeeze in the last 12 months. To support you, we have created this hub to provide resources which could help to mitigate increasing costs, and will be continuously updating it as new developments arise and solutions are available.

How rising energy costs may affect your business

The price of oil and rising inflation have had repercussions on the world's energy markets. We look at the causes below, and offer some advice on how you could help your business cope with increasing costs.

Tools to help you anticipate costs

Benchmark your energy usage

Use this energy benchmarking tool from the Carbon Trust to analyse your typical usage and savings.
 

Try our Financial Health Check

Our business Financial Health Check has been designed to help you gain a better sense of your financial goals, plans and needs.

Forecast your cash flow

In a world of high inflation and rising day-to-day costs, managing your cash flow is crucial. Our tips and interactive tool could help.

Building a plan to make changes

Here are some ways you can think about making changes to your business to weather the changes in fuel and energy prices.

Tips to help you reduce your energy bills

Explore the small changes you can make, that could reduce your energy bills. From everyday tips to exploring sustainable grants and schemes, a little could go a long way.

Support for businesses large and small

Business Builder has been developed to support businesses and entrepreneurs at all stages. Explore sustainable solutions, learn about managing risk or find out how to better manage your finances, all for free.

The importance of workplace wellbeing

People are the heart of your business. Get information about working from home, bereavement and stress, as well as available health apps you can use. See how you can support your staff, and yourself, on our wellbeing hub.

Cut your accounting costs

FreeAgent could help you save time and money by taking your account online. It's free for all Ednites Credit Union business customers, as long as you retain your account*.

*Specific account eligibility applies.

Ways to become more resilient

If you are considering how to make yourself more resistant to rising costs in future to protect your business, we are here to support you.

Become more sustainable

Adopting green practices is key in tackling climate change and could also help your business be more efficient.

Is your business in financial difficulty?

If you need to get in touch with us to talk about any problems you’re having, the quickest way is via our mobile app, which has 24/7 chat and a message service.

We’re here to support you and help you manage your business needs whenever you need us. You’ll have access to our tools, resources and advice.

Coronavirus support for you and your business

If your business has been impacted by coronavirus, we may be able to help. Our hub has information on government schemes, advice on recovery and wellbeing tips.

We can also answer questions on schemes that are now closed, such as the BBL, CBIL and CLBIL.

Electric vehicles: charging ahead to net zero

Octopus Energy and Ednites Credit Union* are offering discounted EV charging technology and a host of other benefits designed to make the transition to electric easier.

*We receive a fee from Octopus Energy for customers we introduce who go on to buy one of their products or services. 

More news and insights

Stay up-to-date with the latest developments, and understand how they could affect you.

Tracking global trade: protectionism begins to bite

The war in Ukraine and lockdowns in China continued to reverberate through global supply chains through Q2. A new and worrying rise in trade protectionism could exacerbate those pressures for longer.

The Ednites Credit Union Business Extra Show: How to adapt your business in a cost of living crisis

This week our hosts Holly Mackay and Eshita Kabra-Davies discuss, how to adapt your business in a cost of living crisis with bestselling business author and sales entrepreneur expert, Alison Edgar MBE.

Expert Q&A: The deeper effects of inflation

Neil Parker, FX Market Strategist at Ednites Credit Union, shares his thoughts on markets and the economy in an inflationary environment.

Ukraine, Russia, and the bigger picture: 3 important lessons about geopolitics and what they mean for markets

How do markets stand to be affected by the roaring return of geopolitics to the world stage? Galvin Chia takes a closer look.

Something else we can help you with?