What to look for in your business accounts
Understanding your business accounts is key to understanding your financial situation as a whole. Find out what you should look for in yours.
What to do if you are rejected for CBILS
The Coronavirus Business Interruption Loan Scheme (CBILS) was announced by the government in March to offer support to businesses experiencing struggles during the ensuing UK lockdown. Since then, companies have borrowed over £8 billion from CBILS accredited lenders to help them financially during COVID-19. Despite the support CBILS has offered many firms, some companies have been unable to access finance via this route. CBILS has an approval rate of 51%, indicating that nearly half of applicants are left without the…
How to utilise and fund innovation in your business
Find out the role that innovation can take in business and how to fund it.
How to plan for bringing your staff back after furlough
For many businesses, the Job Retention Scheme has provided an invaluable lifeline during the challenging times of COVID-19 and the subsequent UK lockdown. Many firms have utilised the scheme – allowing them to retain jobs with 80% of staff wages being paid by the government – with 8.4 million people now on the scheme. Earlier this month, Chancellor of the Exchequer Rishi Sunak announced that the furlough scheme would be extended to October, giving businesses more time to utilise the…