Due to the ongoing coronavirus crisis, there are estimates that the amount of net borrowing from UK organisations will surpass five times the number in 2019, as businesses struggle to survive the second wave.
Government extends Self-Employment Income Support Scheme and Government-backed loans
As England prepares for a four-week national lockdown, the Government has announced it will extend existing support measures to help businesses and the self-employed business community in the weeks ahead. As part of its latest support package, the Self-Employment Income Support Scheme (SEISS) and the various Government-backed loans, including the Bounce Back Loan, Coronavirus Business […]
National Lockdown – Extension to the Furlough Scheme and Business Support Update
The Government has extended the Furlough Scheme following the announcement of new Coronavirus restrictions in England from Thursday 5 November 2020 to Wednesday 2 December 2020, which will require many businesses to close. It has also confirmed that those businesses that are required to close will be eligible for business grants of up to £3,000 […]