Changes to the Circular Economy Fund (Wales) Key Contact: Christian Farrow Author: Chris Doherty Waste and Resources Action Programme Cymru (WRAP) has announced changes to its £6.5 million Circular Economy Fund. WRAP has extended the scope of its funding beyond funding the use of recycled materials in products, so that it will now be available to “organisations...Read More
BREAKING NEWS: Furlough Scheme extended by four months Key Contact: Christian Farrow Author: Chris Doherty This afternoon, the Chancellor of the Exchequer Rishi Sunak confirmed that the Coronavirus Job Retention (“Furlough”) Scheme will be extended to October. Employees unable to work due to the impact of the Coronavirus outbreak will continue to receive 80% of their monthly...Read More
Lockdown restrictions to ease in England Key Contact: Christian Farrow Author: Chris Doherty The Prime Minister Boris Johnson provided an update on Sunday evening on the Government’s proposed changes to lockdown restrictions in England, the first small steps towards reopening the nation after nearly two months of lockdown. The Government’s new message to people in England, “stay...Read More
Applications for the Bounce Back Loan Scheme open today Key Contact: Christian Farrow Author: Elena Visser The Bounce Back Loan Scheme (BBLS) opens today to help small and medium-sized businesses borrow between £2,000 and £50,000. The government will guarantee 100% of the loan and there will not be any interest on the loans for the first 12...Read More
Rishi Sunak has unveiled 100% state-backed loans for small firms Key Contact: Christian Farrow Author: Elena Visser The Bounce Back Loan scheme has been unveiled to help small and medium sized businesses to borrow between £2,000 and £50,000. The government will guarantee 100% of the loan and there will not be any fees or interest to pay...Read More
Treasury considers 100% guarantee on ‘micro-firm’ loans Key Contact: Christian Farrow Author: Elena Visser It has been reported that Rishi Sunak is preparing to offer 100% guarantees on loans up to £25,000 for the UK’s smallest firms after sustained pressure from Conservative MPs and the Bank of England. It is not clear yet how the Treasury will...Read More
Acuity advises Phytoponics on fund raise Key Contact: Paul Lowe Author: Tom Saunderson Acuity is pleased to have advised Phytoponics on a £500,000 fund raise which will be used to scale commercial trials. The £500,000 investment comes from a number of existing shareholders, together with match funding provided by the Development Bank of Wales. Phytoponics...Read More
New Measures to protect UK high street from aggressive rent collection and closure. Key Contact: Christian Farrow Author: Elena Visser The government has announced new measures to safeguard the UK high street against aggressive debt recovery actions. Statutory demands and winding up petitions issued to commercial tenants are to be temporarily voided and changes made to the...Read More
COVID-19 SUPPORT: Daily Update – Monday 20 April 2020 Key Contact: Christian Farrow Author: Elena Visser A new £1.25 billion package has been revealed today to help support start-ups in the UK The government has revealed today that it will invest in some of the most innovative start-ups to help them survive in a scheme that will...Read More
COVID-19 SUPPORT: Daily Update – Friday 17 April 2020 Key Contact: Christian Farrow Author: Elena Visser Chancellor Rishi Sunak expands loan scheme for large businesses Rishi Sunak has revealed the final details of the Coronavirus Large Business Interruption Scheme (CLBIS) ahead of its launch on Monday. All viable businesses with a turnover of more than £45 million...Read More
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