| There are two new funding streams: 1. Additional grants available via your local authority. These are predominantly for small businesses – under 50 employees – with ongoing fixed property related costs e.g. businesses working in shared spaces such as serviced offices. But there is also quite a lot of flexibility for the relevant council to assist other small businesses that ‘slip through the net’ for other support grants. 2. Bounce Back Loans. These loans enable SMEs to borrow between £2k and £50k. The government guarantees 100% of the loan so you will not be asked for any security against the loan, and there are no repayments and no fees or interest to pay for the first 12 months. We are told the application process is simple and the loan, if approved, is paid out very quickly. Do tell us about yourself Would you like to share how the pandemic has affected your business? Or maybe you have other news you would like to share? Or just some advice on operating ethically and responsibly? We love promoting our customers. We success stories and information both via the newsletter and our wider general business reach through social media channels, so it’s always a great way to promote your business. |
