The Treasury announced yesterday that it was to support hundreds of thousands of people as part of a £500m expansion to the government’s Plan for Jobs scheme As part of his speech at the Conservative party conference in Manchester, Rishi Sunak ramped up his message that he is ‘ready to double-down’ on his promise to…
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The main reason for the geographical disparity is the fact that most businesses’ fundraising is asset-backed. In other words, the scale of the assets a business has available is dependent on how prosperous it has been. “As we know, the economic inequalities in how prosperous businesses are determines how much free assets you’ve got available…
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The Recovery Loan Scheme is a new government loan scheme that will replace the now closed Coronavirus Business Interruption Loan Scheme (CBILS) and Bounce Back Loan Scheme (BBLS). Recovery Loans Scheme (RLS) allows qualifying businesses to borrow up to £10 million – either as term loans, overdrafts, invoice finance or asset finance. Recovery Loans…
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