Thousands more small business owners are set to gain access to specialist debt support after the government announced an additional £4 million of funding for business debt advice services.
The funding, provided through the Money and Pensions Service (MaPS), will expand the reach of the Business Debtline service and help a further 16,000 small businesses, sole traders and self-employed people over the next three years, bringing the total number supported to around 75,000.
Business Debtline, operated by the Money Advice Trust, has an official partnership with industry charity GroceryAid, which was launched in 2022 specifically to support independent retailers struggling with escalating business costs, energy bills and creditor debt….