The 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…
read moreTraditionally, if you were looking for some form of business finance, your first steps would be to contact your Bank Manager. Since the Coronavirus Business Interruption Loan Scheme (CBILS) was first launched many businesses have opted to go down this conventional route and have spoken to their Bank in the first instance. This process has,…
read moreMany businesses sensibly took advantage of the Coronavirus Business Interruption Loan Scheme (CBILS) when it was first launched back in March 2020. This Government led initiative was developed to help the business community by providing them with access to funding with repayment fees not made until month 13. Backed by the fact that the government…
read moreThe Government have recently announced that it will be extending the Coronavirus Business Interruption Loan Scheme (CBILS) for probably the last time. It will now run until 31st March 2021. It is very unlikely that a business funding initiative of this nature will be available again so, with just over 2 months left, any business…
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