Tag

corporate

Government working on large business bailout plan

Government working on large business bailout plan Key Contact: Christian Farrow Author: Chris Doherty The Chancellor of the Exchequer Rishi Sunak is developing a bailout package to protect key British firms from going bust due to the COVID-19 outbreak. The so-called “Project Birch” will be targeted towards “viable businesses which have exhausted all options” whose collapse would...
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Borrowing limit to be increased for the Coronavirus Large Business Interruption Loan Scheme

Borrowing limit to be increased for the Coronavirus Large Business Interruption Loan Scheme Key Contact: Christian Farrow Author: Chris Doherty The Government has announced proposals to extend the Coronavirus Large Business Interruption Loan Scheme (CLBILS) by raising the borrowing limit. Currently, eligible businesses with turnover of more than £45 million per year can apply for up to...
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Changes to the Circular Economy Fund (Wales)

Changes to the Circular Economy Fund (Wales) Key Contact: Christian Farrow Author: Chris Doherty Waste and Resources Action Programme Cymru (WRAP) has announced changes to its £6.5 million Circular Economy Fund. WRAP has extended the scope of its funding beyond funding the use of recycled materials in products, so that it will now be available to “organisations...
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BREAKING NEWS: Furlough Scheme extended by four months

BREAKING NEWS: Furlough Scheme extended by four months Key Contact: Christian Farrow Author: Chris Doherty This afternoon, the Chancellor of the Exchequer Rishi Sunak confirmed that the Coronavirus Job Retention (“Furlough”) Scheme will be extended to October. Employees unable to work due to the impact of the Coronavirus outbreak will continue to receive 80% of their monthly...
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Lockdown restrictions to ease in England

Lockdown restrictions to ease in England Key Contact: Christian Farrow Author: Chris Doherty The Prime Minister Boris Johnson provided an update on Sunday evening on the Government’s proposed changes to lockdown restrictions in England, the first small steps towards reopening the nation after nearly two months of lockdown. The Government’s new message to people in England, “stay...
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Applications for the Bounce Back Loan Scheme open today

Applications for the Bounce Back Loan Scheme open today Key Contact: Christian Farrow Author: Elena Visser The Bounce Back Loan Scheme (BBLS) opens today to help small and medium-sized businesses borrow between £2,000 and £50,000. The government will guarantee 100% of the loan and there will not be any interest on the loans for the first 12...
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Rishi Sunak has unveiled 100% state-backed loans for small firms

Rishi Sunak has unveiled 100% state-backed loans for small firms Key Contact: Christian Farrow Author: Elena Visser The Bounce Back Loan scheme has been unveiled to help small and medium sized businesses to borrow between £2,000 and £50,000. The government will guarantee 100% of the loan and there will not be any fees or interest to pay...
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COVID-19 SUPPORT: Daily Update – Monday 27 April 2020

Treasury considers 100% guarantee on ‘micro-firm’ loans Key Contact: Christian Farrow Author: Elena Visser It has been reported that Rishi Sunak is preparing to offer 100% guarantees on loans up to £25,000 for the UK’s smallest firms after sustained pressure from Conservative MPs and the Bank of England. It is not clear yet how the Treasury will...
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Acuity advises Phytoponics on fund raise

Acuity advises Phytoponics on fund raise Key Contact: Paul Lowe Author: Tom Saunderson Acuity is pleased to have advised Phytoponics on a £500,000 fund raise which will be used to scale commercial trials. The £500,000 investment comes from a number of existing shareholders, together with match funding provided by the Development Bank of Wales. Phytoponics...
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COVID-19 SUPPORT: Daily Update – Friday 24 April 2020

New Measures to protect UK high street from aggressive rent collection and closure. Key Contact: Christian Farrow Author: Elena Visser The government has announced new measures to safeguard the UK high street against aggressive debt recovery actions. Statutory demands and winding up petitions issued to commercial tenants are to be temporarily voided and changes made to the...
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