Following criticism over difficulties faced by smaller business accessing CBILS loans, the Chancellor last night announced the government’s ‘Bounce Back’ loan scheme in response.

Following criticism that high-growth, start-up enterprise was not sufficiently protected in the wake of the Coronavirus outbreak, the government yesterday announced a £250m ‘Future Fund’ as the latest addition to the range of business support measures.

Over the weekend the Chancellor announced an extension to the Job Retention Scheme (i.e. the employee furlough scheme) in light of the extension to the current lockdown position.

Just a reminder that the application process for the government-backed Innovate UK grants for Coronavirus-specific projects closes this Friday (17 April) at midday.

Firstly we trust everyone had an enjoyable (if unusual) Easter and that you and yours are keeping well.

 

Whilst we remain confident in recent communications from the government around legislative changes, an anomaly seems to have emerged around Coronavirus support measures to be administrated by local authorities.

As the dust begins to settle following some major announcements by the government towards the end of last week, this morning’s update covers a few practical matters that have emerged and that we think might be useful.