UK floods: Large companies pledge over £250m

The Business Exchange initiative is gathering pledges from large firms set out to help thousands of small and home-based companies hit by the storm crisis.

Enterprise and Skills Minister Matthew Hancock said: “Britain is facing some of the worst flooding we’ve seen in decades. It’s vital that we all do what we can to help small businesses get back on their feet after livelihoods have been so badly hit by the extreme weather. We are doing what we can to support, including providing grants, and businesses can play their part too.

“It’s fantastic to see big businesses like Regus and Vodafone offering their support to small businesses affected, and I would encourage others to get involved through the Business Exchange and consider how they too can help.”

Led by small business network Enterprise Nation, the pledges focus on delivering the help small businesses have told the Government they would need: markets, ideas, support, finance and people.

Emma Jones, Enterprise Nation founder said: “It’s wonderful to see big businesses rallying the troops to help out smaller, more vulnerable firms hit by the floods.  It shows a great spirit of enterprise and is a much needed form of damage limitation to avoid a serious economic issue further down the line.”

Pledges:

  1. Lloyds: £250m support to provide fee free lending for business and farmers;
  2. Vodafone: To donate over 1,000 free wi-fi mobile devices to displaced small businesses;
  3. Moneypenny: Free call-handling service for flood-affected small businesses;
  4. Regus: Free access to the business lounge providing office workspace;
  5. Citrix: GoToMeeting free to use on a trial basis for up to three months;
  6. EDF Energy: Service and support for small businesses; and
  7. Royal Mail: To deliver the 1000 dongles supplied by Vodafone.
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