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• 10 Mar

  Funding Big Services Contracts Relating To Novel Coronavirus

  As expected the Government's preparations for a novel coronavirus epidemic in the UK have led to big contracts being placed for support services. In some cases, these government contractors will require additional funding.

  We have been speaking to a communications company that has been awarded a multi-million-pound contract to provide communications services, relating to the coronavirus epidemic. This will be one of many UK suppliers that will benefit from receiving a big contract, from a government-backed customer. However, this will require a sharp increase in staff numbers to accommodate the seasonal demand.

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  Call 03330 113622 for help funding a big contract.

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  Funding Big Contracts For COVID-19 Preparations

  I have written before about how finance for COVID-19-related stockpile orders is available, and we are starting to see evidence of that raised demand. This case was an example of that.

  Big Orders And Contracts For Services

  Whilst my previous post originally focused on the orders for physical products, such as protective equipment etc. We are also starting to see the demand for additional service contracts. These are for peripheral support services, such as communications.

  More private sector services are likely to be required to support the Government's plans to contain and deal with the spread of the virus.

  Services

  These services could include:

  • Consultancy, advisory and research services.
  • Security services.
  • Communications support.
  • Transportation and distribution e.g. haulage.
  • Medical support and laboratory services.
  • Cleaning and decontamination.
  • Other temporary staff and personnel e.g. administration.

  Enabling You To Cope With The Surge In Demand

  In the particular case of the communications company, they were a small organisation receiving a significant contract from a government-backed customer. This type of peak in demand is going to be outside of the cash flow reserves of most companies, therefore they have sought invoice funding to allow them to cope with the increased demand.

  If you are experiencing a similar surge in the demand for services, or products, we are ready to help you find the funding that will allow you to take on those big contracts.

  By Glenn Blackman