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Funding Options Blog

The growth hub for small and independent businesses

Covid-19

Find out about debt restructuring during Coronavirus

To say that COVID-19 is having a significant impact on the UK’s economic landscape is an understatement. Just last week, Rishi Sunak confirmed that the country’s debt is now worth more than its entire economy after the government borrowed £55.2bn in May – the highest amount since records began in 1993.

23 Jun 2020

Covid-19

Coronavirus Business Interruption Loan Scheme (CBILS) FAQs

We’ve put together a list of FAQs to help you understand how the Coronavirus Business Interruption Loan Scheme (CBILS) worked if your business had previously applied for it. You can visit our COVID-19 content hub for more information on the financial support available and you can use our platform to find appropriate finance for your circumstances.

18 Jun 2020

Covid-19

What is the Self-Employed Income Support Scheme (SEISS)?

If you’re self-employed or a member of a partnership and your work has been adversely affected by COVID-19, you could be eligible to claim a grant through the UK government’s Self-Employment Income Support Scheme. *UPDATE*:You may be eligible to claim a third grant worth of 80% paid out in a single instalment covering 3 months’ worth of profits, and capped at £7,500 in total. You must make your claim on or before 29 January 2021.

18 Jun 2020

Covid-19

Second grant for small businesses - everything you need to know

On 29 May 2020, Chancellor Rishi Sunak confirmed that the UK government will be extending the Self-Employment Income Support Scheme (SEISS), offering self-employed workers affected by coronavirus the chance to claim a second and final payment in August.

8 Jun 2020

Covid-19

How to communicate with your customers as lockdown measures are eased

As the UK’s coronavirus lockdown measures are eased, some businesses are looking to reopen either fully or partially over the coming weeks, while others will remain closed.

1 Jun 2020

Covid-19

Coronavirus Business Interruption Loan Scheme (CBILS): who’s eligible and what to prepare

The Coronavirus Business Interruption Loan Scheme (CBILS) was launched in March to help businesses mitigate the impact of the pandemic. Over the last few weeks, the scheme has become available to a wider range of businesses. Read on to find out more about the CBILS, including what to prepare for your application and what to do if you’re rejected.

19 May 2020

Covid-19

How to look after your mental health while working from home

To mark mental health awareness week, we’re sharing tips on how employers can support their team remotely and what we can do as individuals to help manage our mental health during lockdown.

18 May 2020

Covid-19

5 business continuity tips for SMEs navigating COVID-19

As the government begins to draft plans for getting employees back into work, individual businesses are working around the clock to bolster their own business continuity plans. If the health crisis has shown us anything, it’s that we can’t predict the future. But we can take proactive measures that will help us build resilience in the weeks and months to come.

8 May 2020

Covid-19

UK Government pledges £1.25bn to support startups driving innovation

On 20 April 2020, Chancellor Rishi Sunak announced a new £1.25 billion coronavirus scheme to support some of the UK’s most innovative firms. The package comprises a £500 million Future Fund for high growth startups that have been affected by the pandemic and £750 million of grants for SMEs focusing on research and development. The announcement of the Future Fund comes after some of the country’s biggest scale-up brands, including Deliveroo and Citymapper, appealed to the government in an open letter to provide access to funding support measures to companies like theirs and other startups.

22 Apr 2020

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