The Chancellor announced yesterday that businesses who have taken out government-backed Bounce Back Loans will now have greater flexibility to repay them, allowing them to delay repayments for a further six months. Over 1.4million businesses collectively borrowed...
The Chancellor has announced additional support to help businesses in the retail, hospitality and leisure sector that have been forced to close. £4.6 billion has been made available to the hardest hit businesses in the form of a new lockdown grant – a one-off...
The Chancellor has announced a further extension to the furlough scheme, which will now run to 30 April 2021. When the first extension of the scheme was announced, we were told it would be subject to a review in January. The Chancellor has brought that decision...
Businesses that have been unable to access the Bounce Back Loan Scheme, because their bank is not a provider, received welcome news this week as Greater Manchester Combined Authority announced its partnership with GC Business Finance (GCBF) to help to plug the gap....
This blog was last updated on 5 November, following further announcements by the Chancellor. On Saturday 31 October, the night before the Job Support Scheme was due to come into play, the Chancellor announced that the Coronavirus Job Retention Scheme (CJRS) would be...
We knew it was coming, we just didn’t know when. Following pressure on the Chancellor to go further to protect those businesses affected by the new alert system, whether closed or still trading, three new support measures have been announced. Here’s a round-up of...