The growth hub for small and independent businesses
There comes a point in the entrepreneurial journey where your workload necessitates that you hire some in house staff. While remote working is becoming more popular and stands to grow in popularity even after lockdown is lifted, for many small businesses, having the core of your team working together in an office still has far more benefits than disadvantages
26 May 2020
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
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
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
Small businesses are the lifeblood of the UK’s economy. You only have to peek at the figures to see why. There were 5.9 million SMEs (businesses with less than 250 employees) in the UK in 2019, accounting for over 99% of all businesses. What’s more, SMEs make up three-fifths of the employment and around half of the turnover in the UK private sector, according to the Department for Business, Innovation & Skills.
5 May 2020
Rewind just a few short months ago and it would have been inconceivable that this mysterious coronavirus would impact the world so drastically. But here I am, working from my home office rather than at Funding Options’ London HQ. UK plc is experiencing an unprecedented time that will unquestionably go down in history. Companies, large and small, are navigating the choppiest of waters at present as a result of Covid-19.
29 Apr 2020
A bridging loan is a type of short term business loan designed to ‘bridge a gap’ in a business’ finance. In other words, it helps you get from one point to the next until you can either secure longer term finance or clear the loan in full.
28 Apr 2020
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
- Coronavirus Large Business Interruption Loan Scheme will launch on Monday 20th April - Eligible businesses with turnover of more than £45m can apply for support - Businesses with turnover of over £250 million can borrow up to £50 million from lenders In addition to the Coronavirus Business Interruption Loan Scheme (CBILS) and the Covid Corporate Financing Facility, the government has outlined details of the Coronavirus Large Business Interruption Loans Scheme (CLBILS) – a measure designed to help more businesses access financial support.
17 Apr 2020
Sign up for the best of Funding Options sent straight to your inbox.