As mentioned in our blog on Local Authority administered grants schemes operating in National Lockdown 3, all Local Authorities have a pot of funds to administer at their discretion. Cornwall Council has highlighted that “businesses who have not previous received…
Earlier this month (5 January 2021) the Chancellor announced further support for businesses during the latest National Lockdown. Included in the announcement were: a £4bn top up grant for selected closed businesses a £594m discretionary fund These are in addition…
On the face of it, the Supreme Court’s ruling in the Financial Conduct Authority’s business interruption insurance test case is potentially excellent news for businesses which have been adversely impacted by lockdowns. At the start of the pandemic, many tourism,…
In some ways it does not seem like nine months ago when the Coronavirus Business Interruption Loan Scheme (CBILS) was launched. In some ways, however, it does seem like a lifetime ago! CBILS closes to new applicants from 31 March…
Providing the latest statistics on the Bounce Back Loan Scheme (BBLS), Coronavirus Business Interuption Loan Scheme (CBILS), Large Business Coronavirus Business Interuption Loan Scheme (CLBIS) and the Future Fund. This piece is designed to accompany background information on CBILS ,…
updated 7.30am on 8 December 2020 As overviewed in my previous blog the grant support for businesses announced by the Chancellor on 31 October 2020 will be delivered through Local Authorities. We thought it would be useful to give examples…
The Government has published guidance on the extension of self-employed income support scheme and how this will operate. What will it cover As with the previous instalments of the Self-Employment Income Support Scheme grant, the extension will provide support to…
Last week I read on the BBC website “Business borrowing from banks 'up fivefold' amid coronavirus”. After some investigation I found the source material for this, EY ITEM Club Outlook for financial services – Autumn 2020, and I have summarised…
Today the Chancellor, Rishi Sunak, announced a further extension to the CJRS until 30 April 2021, an extra month from the previous extension announced in November. Details of the scheme are set out below, and there have been no changes…
The Government has announced an extension to the Coronavirus Job Retention Scheme (CJRS). While this scheme has been operating for some time now, there are still a few things that you need to think about. The Coronavirus Job Support Scheme…
