Business Interruption Loans Increase, Government Start Up Support and COVID Economic Impact – BFB 296
Kicking off this Bulletin, we look at the latest Coronavirus Business Interruption Loan Scheme update from UK Finance which, following a slow start, reveals that the number of loans distributed is now picking up.
One gap in CBILS eligibility has been support for start ups and pre-revenue/pre-profit innovation-focused firms. We review the announcements of a variant of the support scheme for innovative firms and funding specifically for start ups.
Closing the Bulletin, we step back and look at reports on the early economic impact of the Coronavirus. What steps are businesses taking to safeguard their future?