The seminars will focus on some of the key findings of the earlier seminars, where the sessions highlighted potential cost savings of up to £460,000 and improved cash flow balance to the tune of £285,000 for a typical £3.5m turnover operation that employs 40 staff.

However, according to ViP director Richard Gray, the content of the sessions has also been updated to reflect the rapidly evolving economic conditions.

"It's clear that lending criteria will remain very tight for the foreseeable future, whilst banking conditions will make it essential to continue to work with existing funding suppliers wherever possible," said Gray.

"In consequence saving cash and making cost reductions is even more essential as companies find the volume of work available starting to improve but at no better prices."

The seminars will focus on areas including: identifying cash flow bottlenecks, straightforward operational changes that can reduce costs and maintain capacity, saving wage costs without damaging morale, and planning long term finance.

The Kodak sponsored events will be held in Manchester on 6 October and London on 8 October. The seminars cost £195 (£175 for BPIF members), and are currently available on a 'buy one place, get one free' offer. For more information visit the ViP website.