The UK government is planning to replace existing the £65bn Covid loans programme with a permanent state-backed SME loan scheme. The new scheme will support lending by banks to a broad range of small to medium-sized business. Under the plans, the government would guarantee 80 per cent of loans to small businesses. The business could...
The government will expand its Job Support Scheme (JSS) to protect jobs and support businesses closed due to local lockdowns. The business had to close their doors due to local lockdowns as the number of Coronavirus (COVID-19) cases continues to rise in some areas. So, under the JSS extension, the government will pay two-thirds of...
The new digital lender, Monument Bank, has secured an ‘authorisation with restriction’ (AWR) banking licence from the UK regulatory authorities, the Prudential Regulation Authority and the Financial Conduct Authority. It has achieved this milestone in just over 18 months, which is one of the fastest rates of progress for any new bank. The move comes...
Small firms have urged the government to extend its Eat Out to Help Out scheme. Extention will continue helping thousands of small food and drink businesses across the UK. The Chancellor Rishi Sunak announced the scheme in the Summer Economic Update. So, the government started it at the beginning of August. It is going to...
Uk government approves an additional £20 million for Small Businesses of UK are to help them recover from (COVID-19) pandemic.The government recently announced that small and medium-sized businesses will have access to grants of between £1,000 and £5,000. So, the grants will help them recover from the effects of the pandemic.Further, the funding will allow...
The government has expanded its Future Fund scheme for start-ups businesses. The reforms in scheme aim to support start-up businesses not eligible for other Coronavirus (Covid-19) rescue measures. The start-ups that have previously taken part in accelerator programmes can now easily access the Future Fund Scheme. However early-stage firms might continue to struggle. This means...
Chancellor Rishi Sunak has announced changes to the government’s Job Retention Scheme (JRS). The changes to the scheme will gradually wind down over the next few months. The changes mean businesses will be able to bring furloughed employees back on a part-time basis from 1 July. Furloughed staff will continue to get 80% of...
The Federation of Small Businesses (FSB) has urged the government to supply company directors with additional support during the coronavirus (COVID-19) pandemic. The FSB has recently written a letter to Small Business Minister Paul Scully. The letter highlighted that self-employed company directors do not have access to the government’s Self-employment Income Support Scheme...
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Birmingham: 9 Sheaf Lane, Coventry Road, Birmingham
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Bradford: 22 Muirhead Drive, Bradford, BD4 0HJ
Batley: 504B Bradford Road, WF17 5JY
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Birmingham: 0121 7268 542
London: 0208 0908 998
Bradford: 44 7515 029751
Batley: 0192 492 7447
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