Category Archives: Covid-19

Heritage organisations set to receive £103 million under Culture Recovery Fund

Some 445 heritage organisations affected by Covid-19 are set to receive more than £103 million in affordable loans and grant funding, it has been revealed. Continue reading

COVID-19: National Audit Office warns up to 60 per cent of Bounce Back Loans may not be paid back

The Government’s spending watchdog, the National Audit Office (NAO), has warned that up to 60 per cent of businesses may not pay back the 100 per cent Government-backed Bounce Back Loans Scheme (BBLS) because of fraudulent applications and minimal credit checks. Continue reading

Government set to announce extension of Coronavirus Business Interruption Loan Scheme

The Chancellor, Rishi Sunak, is expected to announce the extension of the Government’s Coronavirus Business Interruption Loan Scheme (CBILS) until the end of November. Continue reading

Businesses return £215 million furlough payments to the Government

According to HM Revenue and Customs (HMRC), more than £215 million of Coronavirus Job Retention Scheme (CJRS) payments have been willingly returned to the Government by UK firms, out of £35.4 billion worth of claims up until 16 August. Continue reading

Coronavirus Job Retention Scheme rejects claims after employer accounting errors

The Institute of Chartered Accountants in England and Wales (ICAEW) has warned businesses to get “their data right” or face delays receiving grants under the Coronavirus Job Retention Scheme (CJRS). Continue reading