May 1, 2020 | Current Affairs
Almost half (48%) of small and medium-sized businesses that have applied for coronavirus business interruption loans have been successful. Statistics from UK Finance up until 30 April 2020 showed that 25,652 applications out of 52,807 had been approved. More than £4.1...
Apr 29, 2020 | Current Affairs
One in seven homeowners facing financial difficulties due to COVID-19 have taken mortgage payment holidays. Chancellor Rishi Sunak announced in March that mortgage borrowers would be entitled to three-month payment holidays. Figures from UK Finance up to 24 April 2020...
Apr 27, 2020 | Current Affairs
Temporary measures to protect high street businesses against aggressive debt recovery actions during the COVID-19 crisis have been announced. The Government will temporarily ban creditors from using statutory demands between 1 March 2020 and 30 June 2020. Any...
Apr 24, 2020 | Current Affairs
The Government could be set to provide a 100% guarantee on loans advanced through the coronavirus business interruption loan scheme. Small and medium-sized firms have been able to apply for interest-free loans of up to £25,000 since the scheme opened on 2 April 2020....
Apr 23, 2020 | Current Affairs
The Government has made commercial loans worth £250 million available to high-growth tech startups affected by the coronavirus pandemic. The Future Fund will provide ‘bridge funds' worth between £125,000 and £5m each between May and 30 September 2020. To qualify, a...
