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Stay Resilient

 

Once you have completed your resilience plan and/or worked with an advisor to ensure that all the actions within your resilience report are completed, it is important that you keep a regular check on them.

You can create and action plan from your completed resilience plan or a Groundwork advisor can help you create an action plan which considers how often you need to check each action.

The Environment Agency provides useful advice to businesses check out www.gov.uk. You can also check whether your business is at risk of flooding and register to receive Flood Warnings if necessary.

Business in the Community also has useful information on their website and a Business Emergency Recovery Group www.bitc.org.uk

Statistics

  • 50% of all businesses with no effective recovery plans in place fail within 12 months of experiencing a “disaster”
  • 66% of businesses say they have been negatively affected by severe weather in the last 3 years.
  • The financial costs of these severe weather events over this period, on average, just under £7k for each affected businesses
  • Only 25% of microbusinesses have a resilience plan in place that specifically includes severe weather
  • The financial cost to businesses caused by the 2012 floods was £200 million.
  • Businesses directly impacted by the 2007 floods took an average of 26 weeks to return to normal operating capacity
  • According to the Met Office, the winter of 2013-14 was the wettest on record
  • Flooding and storm damage badly affected 3,200 commercial properties

 

Impact Type

Experience

Ave. Cost

People (customers or staff)

45%

£3,810

Logistics (disruption to suppliers, transport)

32%

£1,944

Processes (production processes and service delivery)

17%

£6,888

Premises (maintenance, facilities mgt)

15%

£5,410

Markets (demand for goods)

14%

£6,150

Other (insurance, reputation)

9%

£3,035

*FSB

 

Key messages to businesses

  • Weather and climate change will continue to lead to a range of direct physical impacts on businesses as well as changes to the operating environment
  • The business case for building resilience to weather and climate change can be made in terms of avoiding unexpected costs, managing risks and making the most of opportunities
  • Advice and support to SMEs needs to be practical, focussed and have certain benefits i.e. look for where benefits are more certain and integrate with core business decisions