Slowly but surely, small businesses are obtaining much-needed finance from the Government-backed Coronavirus Business Interruption Loan scheme. Yet, as Sarah Bridge reports, it hasn’t all been plain sailing. Some have accessed funds quickly while others have been left waiting anxiously. A few have thought on their feet and come up trumps as a result… We’ll … Read more
Hundreds of thousands of small business bosses have called on the government to review qualifying criteria so they can access vital income support. More than a month after the Chancellor’s initiatives to support the self-employed during the Covid-19 crisis were announced, there are still vast numbers of small business owners and sole traders who don’t … Read more
British businesses that bought insurance covering them for forced closure due to disease are set to sue insurer Hiscox for refusing to pay their coronavirus claims. The ‘Hiscox Action Group’, a collection of over 150 firms plan to take the veteran Lloyds of London insurer to court, arguing that their business interruption policies should cover … Read more
Leigh Bryant is trying his utmost to remain positive, but it is not easy. As the owner and manager of Bristol-based motor home accessory fitters LNB Towbars, this should be a peak time of year for him as his customers get ready for their summer holidays. But with his company closed due to the coronavirus … Read more
Attempts to use taxpayer money to fund a new wave of business challenger banks were dealt another blow a fortnight ago as Nationwide Building Society announced it was scrapping a move into SME lending. Britain’s largest mutual is the latest to hand back money it was given to expand its business proposition after Metro Bank … Read more
The Chancellor staged a raid on the tax break for building a business yesterday as he slashed the lifetime limit on entrepreneurs’ relief from £10million to £1million. The move will hit serial entrepreneurs and those who have turned start-ups into medium-sized businesses and has been made due to fears that too much of the tax … Read more
The Great British Entrepreneur Challenge has been bigger and better than ever in 2019 and after a flood of entries, we are proud to announce the shortlist of start-ups who’ve made the final. As ever, our goal was simple – to scour the country for great start-ups and early-stage firms and to find passionate entrepreneurs … Read more
Charities across Britain have welcomed the announcement by the government to create a £750million package of support to ensure they continue vital work. This week, Chancellor Rishi Sunak outlined that £360million would come direct from government departments while £370million would be dedicated to smaller charities which would be helped by a grant from the National … Read more
From pollution to health, waste and joblessness, start-ups all over the world are increasingly focusing on finding solutions to some of the world’s toughest problems. While they aim to create profitable businesses, they also want to create solutions for the poor, environment and health of the global population. This change in strategy appears to be … Read more
Small businesses have been cast into crisis by the coronavirus outbreak. Many have been forced to shut up shop, with thousands of staff taking reduced pay or being made redundant. What’s worse, many have been refused access to government-backed loans. A shocking report last week by The Corporate Finance Network of accountants predicted that almost … Read more