Business

Fresh wave of grant funding launched as councils are called on to do their bit to continue supporting businesses
Business

Fresh wave of grant funding launched as councils are called on to do their bit to continue supporting businesses

New Restart Grants scheme launched today, providing funding of up to £18,000 to eligible businesses call issued to all 314 local authorities across England to deliver new COVID grants to businesses in good time and take a flexible approach to updated restrictions joint letter from Small Business Minister Paul Scully and Tourism Minister Nigel Huddleston thanks councils for supporting businesses but highlights urgency of ongoing support Hard-pressed businesses across the economy will receive fresh support from the new £5 billion Restart Grants scheme launching today (1 April), as the government on councils to get funds to business owners as soon as possible. From today, businesses in England in the non-essential retail sector will be eligible for one-off grants of up to ...
Government-backed loans help thousands of businesses to protect jobs during pandemic
Business

Government-backed loans help thousands of businesses to protect jobs during pandemic

new statistics reveal that three Bounce Back Loans were issued every minute since May 2020 launch emergency loans provided almost £180 billion in total since March 2020 the Covid Corporate Financing Facility (CCFF) scheme alone supported firms responsible for 2.5 million jobs The Treasury’s final monthly update on its emergency loan schemes – the Bounce Back Loan Scheme, Coronavirus Large Business Interruption Loan Scheme, Coronavirus Business Interruption Loan Scheme, and the Covid Corporate Financing Facility – show that more than 1.6 million firms benefited from support to keep them trading and protect jobs and livelihoods. In total, these schemes have provided almost £180 billion worth of lending to date, supporting over a quarter of businesses in the UK. The CCFF alone...
Leading UK businesses and researchers in £75 million collaboration to create technologies of the future
Business, Technology

Leading UK businesses and researchers in £75 million collaboration to create technologies of the future

Nine innovative business-led research partnerships backed with over £75 million to develop new technologies partnerships led by Unilever, EDF and the Francis Crick Institute will look at accelerating medicine discovery, creating green household products and developing sensor technology for drivers part of government’s ambition to build back better and drive economic growth and job creation through innovation Leading UK businesses and research institutions will join forces to develop new technologies, from 3D imaging accelerating medicine discovery, to transforming waste into eco-friendly household products. Announced today (Friday 2 April 2021) by Business Secretary Kwasi Kwarteng, 9 new partnerships will bring together expertise from some of the UK’s most prominent bus...
Business rates relief boosted with new £1.5 billion pot
Business

Business rates relief boosted with new £1.5 billion pot

new Business Rates relief fund of £1.5 billion for businesses affected by COVID-19 outside the retail, hospitality, and leisure sectors targeted support delivered as appeals against rates bills on basis of material changes of circumstance due to the pandemic to be ruled out the relief fund will get cash to affected businesses in the most proportionate and equitable way Ministers have today set out plans to provide an extra, targeted support package for businesses who have been unable to benefit from the existing £16 billion business rates relief for retail, hospitality and leisure businesses. Retail, hospitality and leisure businesses have not been paying any rates during the pandemic, as part of a 15 month-long relief which runs to the end of June this year. Many of those ...