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Managing business costs and operations

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Managing business costs and operations

Explore essential topics like debt management, property advice, and employee expenses. Discover simple ways to make your business run smoother and save money. 

Cost of doing business 

Grow London Local has useful tools and resources in its Cost of Doing Business blog   

There are practical steps and information including: 

  • Debt management, cash flow and insurance cover for businesses 

  • Support for rising energy costs 

  • Loans and finance 

  • Sustainability and support with transition to net zero, including the Mayor's Business Climate Challenge 

Rents and property 

London and Partners has launched a Property Advice Service. This provides free support and resources for small, medium and micro businesses. Support includes: 

  • lease signing and renewal 

  • rent disputes and arbitration 

  • resources and support on business rates, property management and lease negotiations  

  • one-to-one property support 

Businesses with a rateable value of £15,000 or less may also be eligible for Small Business Rates Relief. 

Employee costs 

The government has increased Employment Allowance from £4,000 to £5,000. This is to provide relief to small businesses. Employment Allowance helps eligible businesses and charities to reduce their annual National Insurance contributions. 

The London Living Wage helps employers to avoid high staff turnover and unnecessary recruitment costs. They do this by paying a wage matched to the cost of living. 

For additional information and support on the cost of doing business please visit our Financial Support and resources page.