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Category: Financial Support

COVID-19 BRIEFING FOR SME’S URGENT FINANCIAL INFORMATION UPDATE

Covering: New Self-Employment Income Support Scheme (New SEISS) Local Council Grants – Rules Relaxed Bounce Back Loan Scheme (BBLS) Reminder New Local Enterprise Partnership (LEP) Grants Now Available New Self-Employment Income Support Scheme (New SEISS) A new, additional grant scheme to help self-employed people opens on Monday 17th August. People can now apply for New…
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Extension Of Credit Holidays

The Financial Conduct Authority (FCA) has announced that it has issued instructions to credit providers to extend the ‘credit holidays’ to customers who are still experiencing repayment problems due to Covid-19. The measures outline the options that lenders will provide to credit card and other revolving credit (store card and catalogue credit) and personal loan…
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Self-Employment Income Support Scheme Update – 02/07/2020

The Self-Employment Income Support Scheme currently allows you to claim a taxable grant worth 80% of your average monthly trading profits, paid out in a single instalment covering 3 months’ worth of profits, and capped at £7,500 in total. If you’re eligible you must make your claim for the first grant on or before 13…
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Government’s Future Fund

More start-ups and innovative firms will be able to apply for investment from the government’s Future Fund from today (Tuesday 30 June). Companies which have participated in accelerator programmes are now eligible for the popular scheme, more than 320 early-stage, high-growth firms have so far benefitted from £320 million of support through the fund, this…
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Tower Hamlets Business Support Update

The government has delivered an initial package of support for small businesses through the Small Business Grant Fund and the Retail, Leisure and Hospitality Grant Fund for which eligibility was calculated via business rates payments. Recognising that many severely impacted businesses were excluded from these grants, an additional Discretionary Grants Scheme has been launched. This is aimed…
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ELBA Toolkit Session: Financial Support For Charities and Social Enterprise

ELBA one of our key partners and funders is delivering this digital toolkit session to provide you with a chance to learn about government funded support for charities and social enterprises.If you work within these sectors or know somebody who does, this is a very informative session not to be missed.

BUILDING LEGACIES COVID-19 BRIEFING – 20/05/2020

In today’s Bulletin we cover, the Coronavirus Future Fund, Coronavirus Grant Funding for SME’s via Local Authorities and clarification on Directors’ Remuneration & Share Dividends. The Coronavirus Future Fund (CFF) This new CFF scheme will issue convertible loans of between £125,000 and £5 million to innovative and creative sector companies which are facing financing difficulties…
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COVID-19 INSURANCE CLAIMS – NEW GUIDANCE FROM THE FINANCIAL CONDUCT AUTHORITY (FCA)

The FCA has now confirmed a series of temporary measures to help customers who hold insurance and premium finance products and who may be in financial difficulty because of Coronavirus. The new measures, listed below, will come into force on Monday 18th May. They will be reviewed in the next 3 months in the light of…
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Health & Wellbeing of Care & Allied Workers

The Thursday night clapping for key workers is a measure of how much they are appreciated by the general population. Care workers, caterers, cleaners, nurses, occupational therapists, personal assistants, registered managers, social workers and others all have a crucial role in ensuring that the country’s needs are met during this very challenging time. Whilst most…
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BOUNCE BACK LOAN SCHEME (BBLS) LAUNCHED TODAY

Last week we sent advance information on the new BBLS, which has officially launched today (Monday 4 May). The BBLS fast-tracks funding to SMEs with loans that carry a 100% Government-backed guarantee for lenders. The Government will also pay any fees and interest for the first 12 months (no repayments will need to be made within…
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