The Recession And How It Is Affecting Sheffield

This recent recession has been difficult for everyone in the UK, however, in Sheffield, the HEFCE (Economic Challenge Investment Fund), is going to provide Sheffield Hallam University and the University of Sheffield funding over the next 18 months, as well as the region's learning network, Higher Futures, with Yorkshire Forward set to contribute the same funding, which will result in huge support for the city of Sheffield. The amount is thought to be in the region of £1.6 million and will help the individuals and businesses in Sheffield have struggled with the economic decline.
Since the beginning of 2008, Britain's businesses and economy has been affected by the biggest recession since the early 90's. everyone has been hit by it and companies all around the UK have had to cut jobs to try and save the money that they have been losing. However, plenty of small companies have not survived the recession as they couldn't handle the money losses and have unfortunately had to go in to administration. The house prices have fallen by 3% in the UK over the past year, and the banks have stopped giving out giant loans like they used to. This is proof of the fall in the economy.
This process is set to provide a comprehensive advice service to individuals and businesses who are at risk of being made redundant by working alongside other business support programmes. The money is also going towards the aid of the community that want to start a business by teaching them the necessary skills to start and run a business, as well as support current entrepreneurs.
With this project getting underway, the Sheffield City Council believe that this investment, as well as the creation of additional jobs in and around Sheffield will help put them in an stronger position when the economy starts to pick itself up again.
Spending even a small amount of money can help your business become more popular and gain more customers, which effectively earns your company more money. You can do this by promoting your company on the Internet for a small fee. The best way to do this is to advertise your business with Activ Sheffield, the most comprehensive guide to Sheffield on the internet.
All it takes is a small sum of money, less than advertising for eight night in a local paper, and this will gain you valuable advertising space on Sheffield's best local community web-site. Spending this small amount to promote your company on the Internet will make sure that more people see your company, and divert them to your web-site, which could lead to your company gaining more customers. Activ Sheffield is a local web-site made for the community and will therefore mean that a most of the people that visit the web-site will be from in and around Sheffield and will potentially boost your reputation with the local residents.
By using Activ Sheffield to promote your company, you are potentially helping to put Sheffield in a better place to fight the recession and this will also help your own business as you will be getting more exposure on the Internet, which means you will be potentially, gaining more customers.
by:NuTKung