Forecourt Trader - 30 years at the heart of the fuel retailing community
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Guide to government funding entitlement and commercial tools

COVID-19 has caused serious challenges. As it stands, forecourt owners are seeing an increase in in-store purchases. The key to managing these challenging times is to make sure that you're prepared for any eventuality. Now is the time to drive in-store sales and manage cash flow tightly, to ensure that you're prepared should the outlook change quickly. In this guide, I will cover the funding that you will be entitled to at a government level, and the tools available through the commercial finance market.

Managing the money

If you were trying to raise some cash it used to be all about banks but that is no longer the case. They are not on the high street any more and they don't lend to SMEs. That was the official word from the Bank of England in March. You are better off with Crowdfunding, P2P lending and alternative finance. Funding Circle has lent over £1.1bn and RateSetter £1.074bn and the latter boasts zero lost to investors to date.

Cover drive

You might be temped to turn the page when you see the word insurance - it's not exactly a conversation starter after all. But you need to have it so that you can sleep at night, and so that should something dark and ominous pay you a visit, you are more than prepared to deal with it.

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Weekly retail fuel prices: 6 April 2020
RegionDieselLPGSuper ULUL
East117.0463.90126.40111.09
East Midlands116.69123.64110.94
London117.64130.78113.59
North East114.52128.57108.80
North West115.5869.90124.67110.44
Northern Ireland112.26105.71
Scotland115.24124.97109.51
South East117.76127.48112.59
South West116.50123.98110.63
Wales115.28116.70108.93
West Midlands116.74130.15110.50
Yorkshire & Humber115.67119.64110.20

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