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New Bounce Back Loans have banks preparing for a wave of applications

New Bounce Back Loans have banks preparing for a wave of applications

by Gary Woosey | Nov 10, 2020 | Covid-19

UK banks have been preparing themselves for the wave of small and medium-sized enterprises (SMEs) topping up with the Bounce Back Loan Scheme (BBLS) once the Chancellor reopens the coronavirus-related scheme on 9 November. Banks have already lent £38 billion under...
Government extends furlough scheme and provides a boost to SEISS

Government extends furlough scheme and provides a boost to SEISS

by Gary Woosey | Nov 5, 2020 | Covid-19

As businesses deal with the impact of yet another national lockdown in England, the Chancellor has taken further steps to protect jobs, businesses and the self-employed by announcing additional changes to the Government’s financial support measures. Speaking in...
COVID-19: Business loans to reach five times more than last year

COVID-19: Business loans to reach five times more than last year

by Gary Woosey | Nov 4, 2020 | Covid-19

Due to the ongoing coronavirus crisis, there are estimates that the amount of net borrowing from UK organisations will surpass five times the number in 2019, as businesses struggle to survive the second wave. Many businesses, who are experiencing disruption of cash...
Government extends furlough scheme and provides a boost to SEISS

Government extends Self-Employment Income Support Scheme and Government-backed loans

by Gary Woosey | Nov 3, 2020 | Covid-19

As England prepares for a four-week national lockdown, the Government has announced it will extend existing support measures to help businesses and the self-employed business community in the weeks ahead. As part of its latest support package, the Self-Employment...
Government extends furlough scheme and provides a boost to SEISS

National Lockdown – Extension to the Coronavirus Job Retention Scheme and Business Support Update

by Gary Woosey | Nov 2, 2020 | Covid-19

The Government has extended the Coronavirus Job Retention Scheme (CJRS) following the announcement of new Coronavirus restrictions in England from Thursday 5 November 2020 to Wednesday 2 December 2020, which will require many businesses to close. It has also confirmed...
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