Responding to the findings, release of further details from Government on the energy support plan for business, Chief Executive Officer at the Norfolk Chambers, Nova Fairbank said: “The latest government news will give Norfolk businesses a much-needed sense of relief from the pressures of rising energy costs.” “For months we have been calling for Government intervention to help businesses with eye watering energy costs. This support package is significant and will ease the cost pressures that have been piling up on businesses. “It will allow many firms that were facing closure, or having to lay off staff or reduce output, to keep going through the winter. “But the exact level of support will vary greatly from business to business depending on the detail of its contract, so some will inevitably do better than others. “We now need action to get this saving passed onto business as soon as possible – every day will put some firms closer to the edge and they cannot hang on much longer. “There must also be effective legal oversight to ensure no firms that are due this money miss out. “For those that will benefit, six months support is not enough for most firms to make plans for the future. “We understand there are a range of unknowns for the Government in looking ahead, but without that reassurance very few firms will make plans to invest or grow. “Some businesses will still struggle to meet their bills despite this government intervention, the Chancellor must prioritise those firms in his mini-budget on Friday. “There are a range of other challenges that must be addressed including labour shortages, supply chain disruption, and rising raw material costs. “To truly revitalise our economy for the difficult months ahead then there must be a clear long-term plan that gives business the confidence to grow.” More detail on the Government plan can be found here.
