Due to the ongoing coronavirus crisis, there are estimates that the amount of net borrowing from UK organisations will surpass five times the number in 2019, as businesses struggle to survive the second wave.
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.
More than 1.23 million UK businesses have accessed COVID-19 support schemes backed by the Government, according to the latest figures from HM Treasury.
The Government has announced that tourism providers in England and Wales can now apply for a share of a £10 million rescue package designed to support the sector.
UK businesses are owed more than £133 billion since the lockdown measures began in March, with the average business waiting on £148,917 for work that was completed before the lockdown.
The Government’s Bounce Back Loans Scheme has provided more than £23 billion in finance to more than 780,000 businesses, according to the latest research.
The new Corporate Insolvency and Governance Bill will help maximise your business’ chance of survival throughout the coronavirus pandemic, it has been suggested.
The Self-Employment Income Support Scheme (SEISS) is now open for business, weeks ahead of schedule.