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FSB Press Release

Issue date: 17 Tuesday November 2015

Severe weather could wipe out profits for the UK’s small businesses, says FSB

With flood
warnings in place across much of the North of England and Wales, and warnings
of high winds across the South of England, the FSB urges small firms to be as
prepared as possible. John
Allan, National Chairman for the Federation of Small Businesses, said:



“Severe weather is currently hitting parts of the UK causing significant
disruption for small businesses.

“In a recent FSB survey, it was found that two thirds of small businesses have
been negatively affected by severe weather in the last three years. The
financial cost of these severe weather events over this period was, on average,
just under £7,000 for each affected business. 

“We would urge small businesses at this time to clarify their risk of flooding,
design a resilience plan and where available, sign up to the Flood Warnings
Direct service.”

The impact of flooding can be felt
both directly and indirectly by small firms. While flood damage to premises is
the most obvious, it is not the most common. Around 15 per cent of small
businesses affected by flooding have experienced direct damage to their
premises, but a staggering 45 per cent have seen a negative impact on staff and
customers.

Small firms should explore the potential benefits of flexible working for staff
unable to travel due to extreme weather. For example, they may wish to consider
allowing their employees to work remotely, or hold meetings with clients online
rather than in person where possible.

Logistics is another issue for small businesses during times of adverse
weather, with 32% of small businesses affected having trouble with
infrastructure and transport. Some
measures to ease pressure on logistics in difficult times may include
stockpiling, resilient storage locations and spreading delivery and supply
risks through multiple suppliers.

Ends

Notes to Editors
1) The Federation of Small Businesses is the UK’s leading business organisation
with around 200,000 members. It exists to protect and promote the interests of
the UK’s Real-Life Entrepreneurs who run their own business. More information
is available at www.fsb.org.uk
and follow on twitter
@fsb_policy
2) If you have not completed a resilience plan for your business, follow this
link for an Environment Agency template http://bit.ly/1MSXxwp
3) For more information on planning for floods
follow this link 
http://bit.ly/1SA8Nlu


4)
To
sign up for flood warnings, fill in your details and subscribe here

Media
contacts:

Rosie Saban: 020 7592 8113 / 0075 95 067 068
rosie.saban@fsb.org.uk
Jack Neill-Hall: 020 7592 8116 / 075 25 801 773
jack.neillhall@fsb.org.uk
Sonia Sequeira: 020 7592 8108 / 07711 486352
sonia.sequeira@fsb.org.uk


For regional FSB contacts please go to www.fsb.org.uk/regions

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