Could this loan scheme help your business grow out of Covid?

Launched on 6 April 2021, the Recovery Loan Scheme has been set up to support access to finance for businesses as they grow and recover following the coronavirus pandemic.

The scheme is open to any business that has been affected by the pandemic and the money can be used for any legitimate business purpose, including managing cashflow.

Does my business qualify for coronavirus support?

Does my business qualify for coronavirus support?

Disruption caused by the Covid-19 outbreak is causing havoc for businesses up and down the country.

To help them through this difficult time, the government has announced a broad package of support for companies. But the quick-fire announcements have caused some confusion in the business community.

The Chief Executive of accounting software giant Sage has told the government that it needs to be doing more to support the smallest SME businesses. He also suggested that Bucharest in Romania could provide a model of success for UK start-ups.

bounce back loan cloudaccountant

Any businesses that took out a government Bounce Back Loan to get through the coronavirus pandemic will now have greater flexibility in when and how they repay, it has been announced.

What Government Support is Available for Small Businesses?

The Government offers a range of loans, services and tools to help small businesses grow and improve productivity.

If you have just set up a new business, or are looking at ways to expand, then Government support is often the best (and cheapest) way to realise your goals.

In this blog post, we look at some of the schemes that can help small businesses achieve specific targets.