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It was revealed in the survey that energy costs can be a significant burden for small and medium-sized enterprises (SMEs), especially those that rely heavily on energy-intensive processes or have limited financial resources.
Some of the problems that high energy costs can cause for SMEs include:
The good news for SME businesses is that the UK government has brought out the Energy Bill Relief Scheme that will be supported with £5.5bn over a 12-month period.
Coming into effect in April, the Energy Bill Discount Scheme is set to replace the prior scheme.
If you need any help with energy costs for your business, email enquiries@maffinancegroup.co.uk, call 0115 958 6872 or fill in an enquiry form below.
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In the UK the financial year begins on the 6th of April of the current year and ends on the 5th of April of the following year.
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