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:
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
Gov.uk: 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
Citizens Advice: Money and mental health
NRG: The Current North East Employment Landscape
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].