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Latest news from Access to Finance Lancashire

Recovery Loan Scheme opens to support businesses as they recover from the pandemic

The Recovery Loan Scheme, a new scheme to support access to finance for UK businesses as they recover and grow following the pandemic, opens to applications from today. The scheme, announced at the Budget on 3 March 2021, is scheduled to run until 31 December 2021, subject to review. The new scheme will support borrowing of up to £10m for individual businesses and up to £30m ac ...

Your business guide to Budget 2021 - What were the key measures announced?

On 3 March the Chancellor set out the 2021 Budget outlining a series of measures to support businesses impacted by the COVID-19 pandemic. We've summarised the key points you need to know.   Business funding and support measures Restart Grant scheme With the previous grant schemes ending on 31 March, the government will launch Restart Grants to help businesses reopen following t ...

Access to finance hits record levels as small businesses continue to seek financial support

Research from British Business Bank shows a record number (45 percent) of smaller businesses accessed external financial support in 2020, with demand expected to continue in 2021. The Small Business Finance Markets 2020/21 annual report, released on 10 March, highlighted the ongoing challenge for businesses impacted by the COVID-19 pandemic and the resulting restrictions. The ...

Access to Finance Lancashire Blog: Equity funding to fuel growth

The Problem Due to the COVID-19 pandemic many businesses have sought financial support to survive and, in some cases, take the opportunity to pivot and rebuild their business in order to be viable during these difficult trading conditions. However, most of the funding solutions delivered by HM Treasury have involved businesses taking on new or additional debt. The Coronavirus ...

New COVID-19 Financial Support Measures

New financial measures have been unveiled by the chancellor, Rishi Sunak, which will have an impact on Lancashire businesses.   Let’s have a look at the highlights.   Coronavirus Loan Schemes: ·         Application dates for CLBILS, CBILS and BBLS have now been extended to 30 November 2020   “Pay as you Grow” ·         Businesses who have taken out Bounce Back Loans wil ...

Access to Finance: September funding and finance briefing

The Future? Who knows! There is still a lot of uncertainty for businesses trying to plan for the future, with perhaps even more challenges ahead. It is no different for the provision of business funding either. Access to finance specialist, Caroline Turley, briefly highlights what she considers business priorities should be over the next few months to make sure you have the fu ...

Boost briefing: Access to finance during the COVID-19 crisis

With businesses having to continue to manage cashflow and finances whilst facing closure through this difficult time of uncertainty, Mark Gibbons from Access to Finance North West outlines a number of financial considerations to support Lancashire businesses.

Finance in the Spotlight – Early-stage equity funding key to boosting innovation

Innovation paving the way to COVID-19 recovery.