Manchester based business Automet Limited, a specialist car engine recycler, has secured a £600,0000 Coronavirus Business Interruption Loan Scheme (CBILS) facility to support its cashflow during the Covid-19 outbreak. Located on a two-acre site in Trafford Park, Automet is one of the UK’s leading car engine recyclers and aluminium manufactures for customer in the UK […]
IPSE (the Association of Independent Professionals and the Self-Employed) has responded to ONS labour market statistics out today, warning of a “drastic and avoidable” slump in the number of UK freelancers. The ONS statistics out today revealed that the number of self-employed people in the UK dropped by 178,000 from last quarter and by 105,000 […]
A specialist membership and insurance company for the health and beauty sectors has been able to secure all the jobs of its 14 staff during the coronavirus shutdown, after securing a Coronavirus Business Interruption Loan (CBIL) from Lloyds Bank. Warwickshire-headquartered Associated Beauty Therapists (“ABT”) is the UK and Ireland’s largest beauty and insurance membership provider. […]
90%* of the £29bn of lending to UK SMEs in April and May was through the government’s emergency lending schemes of CBILS or BBLS, shows a study by Altenburg Advisory, the debt advisory specialist. Together with data from UK Finance showing that banks are currently dealing with 14 times their usual number of business loan/overdraft […]
Responding to the UK government’s consultation on its legislative proposals on the UK Internal Market, published today, BRC’s head of devolved nations, David Lonsdale, said: “We look forward to examining the legislative proposals in detail and to responding to the consultation in due course. “The UK’s departure from the EU is seeing new powers repatriated […]
In an industry first, the twelve major independent regional organisations representing the technology and business services sector across the world have united to launch The Global Technology & Business Services Council (GT&BSC) to represent the industry globally. These organizations who represent members across their respective regions who are both buyers and providers of services, have […]
Resurgence of entrepreneurship expected in Britain following the pandemic The home kitchen and dining area have become the most lucrative money making locations in Britain, that combined are generating £37.4 billion to the British economy during lockdown – that’s being coined as ‘kitchen table talent’. The research commissioned by Attic Self Storage, revealed that although […]
According to recent reports, such as those from Bank of England economist Andy Haldane, the UK could recover quicker than expected, with a v-shaped economic recovery. In a v-shaped economic recovery, the economy suffers a sharp, but short-lived period of economic contraction, such as that experienced in the last three months, as exemplified by new […]
As many small businesses tentatively reopen, new figures from Amaiz, the small business banking app, has revealed that nearly half (47%) are now more worried that there will be another lockdown than anything else. This worry beats cashflow (44%) and being in debt (20%) as owners fear the detrimental impact that another lockdown could have […]
The Emerging Payments Association (EPA), which celebrates collaboration and innovation across the emerging payments industry, has today launched Project Recovery to help the UK fintech make informed decisions and equip them to survive in the post pandemic world. Following the cross-sector existential threats imposed organisations from the Clovid-19 health crisis, alongside a surge in digital […]
