Benefit for all shops and businesses
The Pennine Pound aims to help shops and businesses tackle many of their top priorities*.
The Pennine Pound is flexible enough to adapt to your changing circumstances. We can help you grow your business; engage better with your customers; connect with young people, your future workforce; and build deeper collaborative relationships with all your stakeholders. Including championing the health and well-being of your employees.
Financial well-being
Almost half of the UK’s small and medium-sized enterprises (SMEs) are paid late, at an average of 72 days, according to BACs Payment Schemes Limited research. That represents £26 billion owed to those businesses who desperately need it to stay afloat.
In Yorkshire the average is 43 days, according to the Small Business Commissioner.
We can help to address the cash flow problem with solutions around early payment of invoices, plus innovative cash advances. Rather than paying a fixed fee each month you repay your cash advance through a payment terminal. Pay back only when your customer pays you.
Pennine Pound Business Services
Our business services include:
- Pennine Pound Cash Advances – up to £500,000;
- Pennine Pound business card options (coming soon);
- Smart electronic invoicing and payment solutions;
- Start-up support services;
- Access to ethical lending and savings schemes for staff;
- Access to payroll services;
- Purchasing power through affiliate marketing networks;
- Supply chains and electronic commerce;
- Governance, compliance and risk;
- Financial education and awareness seminars.
