Access to Finance Shrinks; Business Confidence and Cashflow; and Young Entrepreneurs Grant – BFB 294
To open this week’s Bulletin, we look at the knock-on effect of changes to the Coronavirus Business Interruption Loan Scheme and general lender reaction to the crisis which has jointly led to a fall in the availability of finance.
Evidence is now emerging of the impact the virus is having on businesses. We review a report from the British Chambers of Commerce which reveals reduced confidence and the limited level of cash reserves businesses have set aside to cover expenses.
To close, news of a grant scheme established by The Princes Trust and Nat West to specifically help young entrepreneurs meet costs and invest in new equipment.