Future Fund – open for applications from 20th May

Announced by the Chancellor on 20 April, the Future Fund issues convertible loans to innovative UK companies with good potential, that typically rely on equity investment and are currently affected by Covid-19. The scheme, will help these companies through the current period of economic disruption and the recovery, so they are able to continue their […]

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Coronavirus Statutory Sick Pay Rebate Scheme set to launch

Employers will be able to make claims through the Coronavirus Statutory Sick Pay Rebate Scheme from 26 May. A new online service will be launched on 26 May for small and medium-sized employers to recover Statutory Sick Pay (SSP) payments they have made to their employees, the government announced today (19 May 2020). The Coronavirus […]

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Chancellor extends furlough scheme until October

The government’s Coronavirus Job Retention Scheme will remain open until the end of October, the Chancellor announced today (Tuesday 12 May 2020). Coronavirus Job Retention Scheme will continue until end of October furloughed workers across UK will continue to receive 80% of their current salary, up to £2,500 new flexibility will be introduced from August […]

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Over 69,000 loans approved in the first day of the Bounce Back Loan Scheme

More than 69,000 Bounce Back Loans worth over £2 billion have been approved during the first 24 hours of the scheme, the Chancellor has announced. More than 69,000 Bounce Back Loans worth over £2 billion have been approved during the first 24 hours of the scheme, the Chancellor has announced. The seven largest lenders (Barclays, […]

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Warwickshire County Council tops up Coronavirus loan scheme

Warwickshire County Council has approved the loan of £1million to support small businesses through the coronavirus pandemic. The government-backed Coronavirus Business Interruption Loan Scheme is available for companies to apply for a loan from approved lenders. Among the approved lenders, which include all major banks, is the Coventry and Warwickshire Reinvestment Trust (CWRT), a not-for-profit, FCA accredited […]

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May 2020 expression of interest: Aerospace Technology Institute (ATI) Programme

The ATI Programme represents a £3.9 billion joint government and industry investment to maintain and grow the UK’s competitive position in civil aerospace. This programme is co-ordinated and managed by: the Department for Business, Energy and Industrial Strategy (BEIS) Innovate UK, part of UK Research and Innovation the Aerospace Technology Institute They are working together […]

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New Bounce Back Loans to launch today

Britain’s small businesses will be able to apply for quick and easy-to access loans of up to £50,000 from today – with the cash expected to land within days. small businesses will be able to apply for quick and easy-to-access loans from today businesses will be able to borrow between £2,000 and £50,000 with the […]

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Top-up to local business grant funds scheme

A discretionary fund has been set up to accommodate certain small businesses previously outside the scope of the business grant funds scheme. The Business Secretary Alok Sharma and Minister for Regional Growth and Local Government, Simon Clarke spoke to local authorities in England yesterday to set out that up to £617 million would be made […]

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Small businesses boosted by bounce back loans

New 100% government backed loan scheme for small business businesses will be able to borrow between £2,000 and £50,000 and access the cash within days loans will be interest free for the first 12 months, and businesses can apply online through a short and simple form Small businesses will benefit from a new fast-track finance […]

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Coronavirus Job Retention Scheme up and running

Government’s furlough scheme opens for applications today – 10 days ahead of schedule employers can now go online to claim cash grants worth up to 80% of wages, capped at £2,500 a month per worker 5000 HMRC staff will operate the scheme – which is expected to help thousands of firms across the UK The […]

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