New research on 500 furloughed full time employees in accounting and finance, reveals how over a third of their bosses are committing fraud and trying to ‘cash in’ by seeking to abuse the government’s Coronavirus Job Retention Scheme (‘CJRS’) since lockdown. According to the survey by Crossland Employment Solicitors, 35% of the employees working in […]
The Community Access to Cash Pilot (CACP) initiative has today announced eight locations across the UK that will be participating in trials to help address challenges of improving cash access and acceptance. Responding to the announcement, Stephen Jones, CEO of UK Finance, said: “The announcement of the pilot areas for this important industry-backed initiative is […]
IPSE (the Association of Independent Professionals and the Self-Employed) has welcomed the government announcement that it is making the Self-Employment Income Support Scheme more flexible for parents. It has said that from here, it is a “small step” to extend this flexibility to “desperate, struggling groups” that also need more support. The government changes announced […]
IPSE (the Association of Independent Professionals and the Self-Employed) is hosting Virtual NFD on June 18 2020, with special guests small business commissioner Philip King, Financial Times journalist Emma Agyemang, Contractor Calculator’s Dave Chaplin and many more. The headline sponsor for the day is Markel Direct, a specialist insurer of freelancers and contractors, while mortgage […]
Stadium MK Group, home to MK Dons football team, has secured a seven-figure Coronavirus Business Interruption Loan Scheme (CBILS) facility through Santander UK to meet cashflow issues, retain staff and plan future events as restrictions are lifted. Stadium MK Group was established in 2004 to bring League football to Milton Keynes and was tasked with […]
UTB has been approved for accreditation by the British Business Bank as a lender for the Government backed Coronavirus Business Interruption Loan Scheme (CBILS). UTB CBILS facilities are designed specifically to assist SME house builders, developers and investors whose businesses have been adversely impacted by the Coronavirus pandemic. The Bank will also begin offering CBILS […]
Specialist SME lender Paragon is working with excavator supplier Hitachi Construction Machinery (UK) Ltd (HCM UK) to provide support for UK businesses. The companies are working in conjunction to offer a low finance start-up scheme to assist SMEs with the purchase of Hitachi’s mini excavators. The scheme requires no payments for the first 90 days […]
One in three businesses say customer engagement is the biggest challenge they face during Covid-19, with the finance sector among the hardest hit. Since the outbreak of coronavirus, companies across the globe have had to adapt to new ways of working and the difficulties that come with it. New data from telecommunications provider Esendex reveals […]
A not-for-profit organisation set up to supply Covid-19 personal protective equipment (PPE) to the NHS and UK care homes is gathering pace with the support of Lloyds Bank. UK Mask Force was co-founded in April by William Ralston-Saul who, having worked in China for several years and with friends still there, saw a viable supply […]
With non-essential shops opening on Monday, the latest Opinium-Cebr Business Distress Tracker shows things are already looking up for retailers, as less than a fifth (18%) now see themselves at risk of insolvency. This has fallen from 40% since the last Tracker two weeks ago. There is further positive news as the number of business […]
