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Managing the impact:
Support for your business
as costs rise

If your business has felt the squeeze in the last year, you’re not alone.

To help you mitigate the rising costs of living and trading, we’ve created this hub of resources. We’ll keep 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 impacted 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 rising 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.
 

Have a Financial Health Check

We designed our business Financial Health Check to help you get 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 ideas to help your business weather the changes in fuel and energy prices.

Reduce your energy bills

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

Get your business ready for the future

With articles, events, handy tools, and a community of business owners, Business Builder is here 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. See how you can support your people, and yourself, on our wellbeing hub, with info about working from home, bereavement, stress, and health apps your whole organisation can use.

Cut your accounting costs

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

*Specific account eligibility applies.

Ways to become more resilient

If you’re considering how to make your business more resistant to rising costs in future, we’re 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?

We’re here if you need to talk about any problems you’re having. The quickest way to get in touch 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 Royal Bank* 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.

Saving on business property costs

Whether you can negotiate with landlords and suppliers, or even move your business online, taking stock of expenditure associated with your business premises could help you weather the storm.

The six scams businesses need to watch out for

The current crisis surrounding the cost of living has given rise to some malicious new scams that businesses must protect themselves and their employees against.

Managing financial difficulty: tips for getting back on track

Having a sustainable strategy to identify financial challenges before they become too great, is essential in order to adapt and suceed amidst uncertainty.

Can businesses save money by switching to renewable sources?

We explore how the latest government-backed scheme could provide support for renewable investment.

Our Insights hub has more articles, podcasts and tips to help you understand the current factors that may affect your business.

Something else we can help you with?