The forecast for the UK business economy over the next 12-months is very bright, with many business owners anticipating a surge in growth. In fact, many are already looking to finalise their expansion plans. Of course, it has been challenging dealing with 3 lockdowns, adapting to the needs of staff working from home and then…
read moreThe Recovery Loan Scheme (RLS) is the latest Government-backed business initiative to help any business that has been impacted by COVID-19. It has a diverse range of uses which includes purchasing assets, boosting cashflow, managing investments and facilitating growth. As with any new Government lending scheme there have been lots of questions raised and here…
read moreChancellor Rishi Sunak recently announced, in a bid to boost the UK economy, the introduction of a
read moreThe Government recently announced the introduction of a new super tax deduction policy. Our latest video explains the scheme in a little more detail.
read moreFollowing the recent budget announcement from the Chancellor it was confirmed that both the Recovery Loan Scheme. More details will be released over the coming weeks but a short summary is as follows: Businesses can apply for business funding from £25k to £10mAvailable funds can be used for any legitimate business purposeAny business can apply,…
read moreThis time last year, the Prime Minister announced the first national lockdown in response to the Coronavirus pandemic. Businesses were forced to close and staff put on furlough to help protect all from the impact of this deadly virus. Almost immediately the Government put in place some funding platforms to ensure businesses got the necessary…
read moreThere are a lot of benefits from completing a business funding stress test. When a business is looking to expand, grow or diversify and is considering the best financial options available, a stress test would be incredibly important. You challenge your business; you explore what could go wrong (internally and externally), what contingency plans you…
read moreYou might have heard about a banking stress test. Basically, this is a process that is undertaken which looks at the resilience of the Bank to ensure they can cope with any severe economic scenarios. In the banking world there are 2 types of stress test: The
read moreThe Coronavirus Business Interruption Loan Scheme (CBILS) has been an incredibly beneficial solution for the SME sector. This Government backed initiative has seen over 87,000 successful applications with a total value of approved facilities of £20.84 billion*. These figures will be increasing again soon as the scheme now runs until 31st March 2021. The team…
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