The Government’s new £750 million charity grant package offers “important and welcome support” for the sector, a major body has claimed.
Banks criticised after allegedly turning down businesses for Government-backed loan scheme
Banks have reportedly turned down struggling businesses for credit, even if they are eligible for a guaranteed Government loan, it has been revealed.
Government to pass legislation to protect commercial tenants from eviction
Commercial tenants who cannot pay their rent because of the coronavirus will be awarded extra protection from eviction, it has been revealed.
Eligibility restrictions for small businesses – Enterprise Finance Guarantee scheme
The Enterprise Finance Guarantee (EFG) supports small businesses by providing finance to smaller businesses that cannot obtain finance from their lender because of insufficient security. The British Business Bank has now announced that a number of eligibility restrictions are in place because of the European Union’s (EU) state aid rules.
Coronavirus: Companies House launches discretionary extension scheme for struggling businesses
Companies House has urged businesses to seek help if they believe that they may miss their filing deadlines.