There’s a temptation in responding to the COVID-19 events as organisations and economies seek to recover, that the sole focus is the financial imperative.
90% of UK SMEs are waiting to be paid for work done since March 2020, according to research by fintech business lender Market Finance
UK’s banking and finance sector is taking the necessary steps to helping British businesses pick up the pieces
In the UK, over £7.25 billion has been paid to more than 40,500 businesses under the government’s Coronavirus Business Interruption Loan Scheme (CBILS).
The coronavirus lockdown is turning into an endurance test for everyone but it is especially difficult for the business community who must contend with the financial shock caused by the enforced interruption of trade and the continuing uncertainty.
COVID-19 continues to threaten the survival of many small businesses.
The gradual easing of lockdown restrictions will give business owners hope that some of the most challenging trading conditions in recent memory are behind us.
2020 has brought SMEs their biggest ever challenge to date. The coronavirus pandemic threatens their existence as economies adjust to the financial turmoil started by this invisible enemy.
On 20th May, applications officially opened for the Treasury’s £500m ‘Future Fund’ - a taxpayer-funded coronavirus relief pot for businesses that cannot access other government relief programmes.
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