£1 billion in support for businesses most impacted by Omicron across the UK
The government has recently revealed that there will be specific support for businesses impacted by Omicron: From the GOV.UK website: “These additional measures will reinforce the existing package of business support, including: If you have been impacted by the Omicron variant, get in touch with the team at Funding Bay for access to the Recovery […]
What are the interest rates on the Recovery Loan Scheme?
What is the Recovery Loan Scheme? The UK government launched the Recovery Loan Scheme on April 6, 2021. Generally, RLS is provided to businesses of all sizes through various lenders that are accredited by the British Business Bank, including Funding Circle. The UK guarantees 80% of the finance to lenders; however, business owners are 100% […]
How you can benefit from the Recovery Loan Scheme
The recovery loan scheme was launched on the 6th of April 2021 to provide additional support for businesses that have been impacted by the pandemic. The recovery loan scheme is specifically intended to benefit SMEs and help them to achieve growth. It should ideally be used to facilitate new equipment, new staff members and manage […]
Recovery Loan Scheme: Which lenders have been accredited?
The Recovery Loan Scheme was launched in April and is currently set to run until December 31st. It is specifically intended to enable business owners who want to support plans of growth after the pandemic and can be used to facilitate new equipment, new staff members, or to manage your cash flow. The scheme offers […]
Am I eligible for the Recovery Loan Scheme?
The Recovery Loan Scheme was launched on 6th April 2021, replacing the popular COVID support schemes such as CBILS and BBLS. Eligibility for the new scheme is pretty encompassing, and it ensures that businesses of any size can continue to access loans of up to £10 million to support growth and recovery. The government guarantees […]
