Cost of living

Practical support for both businesses and individuals

The Cost of Living Crisis is putting pressure on businesses and individuals. We’ve worked with industry experts to gather knowledge, practical advice and tools on how to weather the challenging economic headwinds, including easy-to-use online resources, money myth-busting and guides on accessing business grants, all in one place.

This is an ongoing resource for members. If you’d like to contribute, please contact [email protected].

A platform for knowledge and support

Supporting your employees

Nearly seven in ten UK employers believe staff performance is negatively affected when employees are under financial pressure. Here are some useful resources from industry experts:

Ellis Bates: Pension salary sacrifice – more than ever before, the perfect ‘win win’ for both employees and employers

Westfield Health: Looking after your wellbeing during the cost of living crisis

CIPD: Tackling in-work poverty

Business in the Community: Supporting carers in the workplace

ACAS: Mental health for small businesses Help how to claim benefits and increase your income


Business Support

The challenge for businesses is to find a path that best serves customers, colleagues, communities, and other stakeholders in the present, while also ensuring a long-term sustainable future for the organisation.

Money and Pensions Service: Supporting financial wellbeing in the workplace

Chamber: Accessing North East grants

Nexus: Recruiting and retaining talent in an ever-changing world

NBS: Energy considerations

Citizens Advice: Money and mental health

NRG: The Current North East Employment Landscape

Muckle LLP: Invoice Recovery

Lloyds Bank: Navigating rising inflation and business costs

Gateshead College: Adjusting your business to attract and retain young talent

Ellis Bates: Glossary of Financial Terms

Chamber: Recruiting in a tight labour market

Moneycorp: How to navigate the economic downturn by managing your foreign exchange

Quest: How to save money on essential services – HR and H&S

Sage Wealth Management: Helping organisations support financial wellbeing in the workplace

If you have any advice for businesses or advice for employees, please get in touch [email protected].