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Response from Herts Growth Hub on The Chancellor’s Autumn Statement

Thursday 18 November revealed a mix of tax increases and spending cuts. For businesses, the statement announced welcome business rates relief and confirmed commitment for infrastructure projects including Sizewell C and HS2 both of which present opportunities for businesses in the County. While analysis continues into the impact of all of the Chancellor’s announcements, Hertfordshire Growth Hub is here to help businesses through these times.

In the face of rising energy prices and other costs of doing business, we understand the challenges that are impacting businesses. From the in-depth work that our Business Advisers are doing across Hertfordshire, the responses that we are still collecting through the Business Survey, many businesses are telling us that they are concerned around consumer confidence, supply chain issues and workforce challenges.

Our Cost of Living Business Support Hub provides additional practical help including resources and information to help businesses manage the rising cost of doing business. This includes advice to boost business resilience, reducing costs by increasing efficiency and sustainability and help for business owners/leaders to maintain their wellbeing and that of their workforce.

Businesses can access our support in a number of ways from one-to-one support from expert Advisers, accessing tools, videos and guidance via the website and attending events.

The Energy Bill Relief Scheme provides energy bill relief for businesses through discounts that will be applied to energy usage initially between 1 October 2022 and 31 March 2023. Businesses can take measures to reduce their energy costs and Hertfordshire Growth Hub and its partners offer businesses practical tips and support on cutting operating costs and carbon emissions.

To find out more and to access help and support from Hertfordshire Growth Hub, get in touch with them today

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