The government has delivered an initial package of support for small businesses through the Small Business Grant Fund and the Retail, Leisure and Hospitality Grant Fund for which eligibility was calculated via business rates payments. Recognising that many severely impacted businesses were excluded from these grants, an additional Discretionary Grants Scheme has been launched. This is aimed…
Read more
Many small and micro businesses have had difficulty in accessing the CBILS support, often because lenders were unwilling to take on their 20% risk value (the Government agreed to cover 80% of the risk value) and in consequence have either been offered lower loans than requested – or have had their application rejected entirely. It…
Read more
We previously advised you what information HMRC will require from you to process your application for financial support under the Coronavirus Job Retention Scheme (CJRS), known as the ‘Furlough’ scheme. Helpful feedback from one of our associated organisations, which has already applied for the CJRS, has revealed that HMRC require some additional information that we…
Read more
This Bulletin covers, supplying the NHS and other Government Departments; the new Government Support Finder Portal; new directives/support from the Financial Conduct Authority (FCA) and a Coronavirus Business Interruption Loan Scheme (CBILS) update Supplying the NHS & other Government Departments The Government generally and the NHS specifically are urging all UK companies and organisations that…
Read more
As we enter Week 5 of ‘lockdown’, we thought it might be helpful to share some key updates and reminders of the various national and local schemes that are in place, or in preparation, to help businesses and individuals. This Bulletin covers: The Coronavirus Business Interruption Loan Scheme (CBILS) The Coronavirus Job Retention Scheme (CJRS)–…
Read more
This Bulletin contains updated information on the Coronavirus Business Interruption Loan Scheme (CBILS), the new assistance package for charities, and new guidance on the repayment of existing loans and credit cards. CBILS In the first instance, we are pleased to tell you that the Treasury has confirmed that Directors’ personal guarantees are no longer required…
Read more
The Chancellor of the Exchequer has announced a package of measures to help the Self-Employed and Freelancers who are not PAYE employees. Added together these groups make up around 5 million people in a total UK workforce of about 28 million. The Chancellor says that his package will assist about 95% of the 5 million.…
Read more
The Covid-19 situation in the UK is now extremely serious, and you will no doubt be aware that the Government has made several announcements detailing support packages for individuals and organisations, together with a number of accelerated and somewhat exceptional edicts and advice to help people stay safe and virus-free. This guidance appertaining to these…
Read more
Trying to find the right finance option to help bring a project to life and/or grow your artistic, creative, community facing and Social enterprise, is sometimes tricky as you don’t know where to start and may not meet the criteria to apply for traditional sources. With the Building Legacies programme having a significant number of…
Read more
A robust book-keeping system will be essential if you’re to run business efficiently. No matter how big or small your business, you should ensure that your record keeping is up to date and accurate. This will help you make informed decisions regarding the financial standing of your business. Read on as we list the Building…
Read more
