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Furlough extended

Posted by: Amy Patterson

During an announcement to Parliament today, 17 December 2020, the Chancellor confirmed the following:An extension of the furlough scheme until the end of April 2021,The date for Budget 2021 has been fixed as 3 March 2021, andBusinesses will have unti... Read More

Winter Economy Plan

Posted by: Amy Patterson

New Support for Businesses and EmployeesToday, 24th September, the Chancellor Rishi Sunak announced the next wave of support for businesses and employees.New Jobs Support SchemeThe Chancellor unveiled his new Coronavirus Jobs Support Scheme (CJSS) wh... Read More

Small firms have borrowed more than £14bn under the scheme since it was launched on 4 May 2020.Businesses can borrow up to 25% of their turnover up to a maximum of £50,000. The loans are interest free for the first twelve months and are underwritten... Read More

The CBILS and BB loans are essential for businesses affected by the Coronavirus pandemic.However, it is important that you don’t inadvertently walk yourself into a problem by not realising the potential consequences of what you do with this money.HM... Read More

The loan must be used in a way which will provide an economic benefit to the business. This could include boosting working capital and improving general cash flow. The loan can be used to pay salaries; however, it cannot be used to increase them, nor... Read More

If you have been turned down for a Bounce Back Loan, or are struggling to apply for one because of who you bank with then there are options still open to you.One of these is to hold on and simply wait until either more lenders are accredited to offer... Read More

When obtaining borrowing for your business you should be clear with yourself what the money will be used for. This will not only ensure that you obtain the right amount of funding, but it will also help you select an appropriate type of funding. Whi... Read More

With the coronavirus having a significant impact of a large proposition of UK businesses, many employees are now reliant on the UK government's furlough scheme, which was officially introduced on the 20th April. Over 8.7million workers have now been... Read More

You may have seen our recent blog all about what we're doing for our clients through these crazy times but we've also been doing a lot behind the scenes with our team. Below are just some of the things we've been up to. Weekly catch upEvery Friday th... Read More

It’s okay, not to be okay. It’s okay to be confused, scared, worried but we’re here to support as many people and businesses as possible throughout these times. We need to remind ourselves that these times are temporary but our service to our clients... Read More

How to apply for a Bounce Back Loan

Posted by: Amy Patterson

The Bounce Back Loan Scheme (BBLS) supports businesses by providing access to a source of alternative finance if you are impacted by the coronavirus outbreak. The BBLS is designed to help you in circumstances where you wouldn’t normally meet our elig... Read More

Bounce Back Loan Scheme

Posted by: Amy Patterson

There are many businesses looking for CBILS funding at the moment. With lenders being inundated against a backdrop of 23 million companies potentially seeking assistance and with only 16,624 applications now approved in 5/6 weeks, this equates to £2.... Read More