Blog

by

The UK Government has provided the Coronavirus job Retention Scheme, with news of a second lockdown, this has been extended until April 2021. Here’s an update for the scheme: The scheme has been extended until the end of April 2021, with employees receiving 80% of their wages Employers small or large, charitable or non-profit, are … Read more

by

It was great to see so many familiar faces, as well as some new ones, at the first ever virtual ENSE Conference on 21st-23rd September. Undoubtedly a new experience for us all, and one that we can all take positives from, not least the fact that we can all now consider ourselves competent ‘Zoom-ers’. It’s … Read more

by

With the government loan schemes coming to an end at the end of September and the Coronavirus Job Retention scheme ending at the end of October, Chancellor Rishi Sunak has announced his ‘Winter Economy Plan’ for businesses and jobs. New measures have been announced such as the Jobs Support Scheme, Pay as you Grow and … Read more

by

With many businesses across different industries and sectors being adversely affected by Coronavirus, companies are still looking for support from the Coronavirus Business Interruption Loan Scheme (CBILS). With the British Business Bank declaring the deadline for the scheme to be 30th September 2020, leaving just 6 weeks (at time of writing) for businesses to get … Read more

by

Being able to offer finance is essential for your business, as well as the businesses you are selling to, as there are various reasons why your customers will want and need to use an alternative to large payments, especially in the current situation. Take a look at the main reasons why offering a finance package … Read more

by

Managing cash flow is essential for any business, small or large, and more so now than ever, as it allows a company to keep trading and making money, without managing cash flow, companies could find themselves in debt rather quickly. By definition, cash flow is the money coming in and out of a business, such as … Read more

by

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 3 months, as exemplified by new … Read more

by

If you have received a Government Bounce Back loan or Coronavirus Business Interruption Loan Scheme (CBILS) loan, schemes that were introduced to help smaller businesses impacted by Coronavirus (COVID-19), then there are important steps to follow in order to ensure you maximise your return on these finance facilities. With the British Business Bank recently confirming … Read more

by

The Coronavirus Business Interruption Loan Scheme (CBILS) was designed by the government to help support businesses who have suffered adversely as a result of the Coronavirus pandemic. Businesses can use the facility as a loan to support the business, for asset finance or asset re-finance. Johnson Reed have access to the scheme and can provide … Read more

by

The Government, alongside the British Business Bank, have launched the Future Fund for innovative companies with good potential, that typically rely on equity investment and are currently affected to receive loans equalling investments from private investors. This may be good news for those businesses in the life sciences, innovation and technology. The British Business Bank … Read more