Alistair Darling, chancellor of the Exchequer, has unveiled a £7 billion pound finance package for small businesses.
In his pre-Budget report, Mr Darling revealed such firms are to benefit from various measures aimed at helping them manage through the current economic downturn.
Of this, a £1 billion emergency fund has been set up, allowing small businesses to borrow between £1,000 and £1 million on flexible terms - with a further £1 billion to be made available to assist those exporters with trade credit via the Export Credit Guarantee scheme.
It could be possible that such financial assistance will help firms to manage various expenses in areas such as business insurance.
As the financial crisis continues, obtaining comprehensive business insurance could be advisable.
Meanwhile, the Department for Business and Enterprise has unveiled two support funds worth £50 million and £25 million respectively, while a £4 billion deal with the European Investment Bank is to help banks to lend to small organisations.
John Walker, national policy chairman of the Federation of Small Businesses, claimed the moves "will give small businesses a welcome breather from the taxman and allow them to concentrate on sustaining their business, supporting their staff and growing the economy in the long term".
Last month, the Forum of Private Business petitioned the government to make sure that banks take steps to provide loans to small firms.
