Stockport Council has opened the application process for its Additional Restrictions Grant scheme, allowing businesses that remain negatively affected by the coronavirus pandemic to access further financial support. The Additional Restrictions Grant supports businesses that are not covered by … [Read more...]
News for: Coronavirus Financial
Small businesses encouraged to seek support with managing cashflow
With the ongoing impact of the coronavirus pandemic putting financial pressure on many organisations, businesses in Stockport, particularly smaller companies, are being encouraged to seek out further support if they are struggling with cashflow. A recent report from the government's Department of … [Read more...]
Plan for Jobs employment support schemes extended to 2022
A number of employment support schemes announced as part of the government’s Plan for Jobs programme of support have been extended with a further £500 million of funding. The extension of the schemes coincides with the end of furlough and new programmes were also announced to support older … [Read more...]
UK economy grew 4.8% between April and June
The UK economy grew by 4.8% during the three months from April to June 2021 latest figures from the Office of National Statistics (ONS) show. ONS data reveals the pace at which the UK economy has bounced back from repeated lockdowns and disruption related to the coronavirus pandemic. The … [Read more...]
Government backed insurance scheme launches for events sector
A £750 million government-backed insurance scheme is to launch to give the entertainment and events sector confidence to plan live events in the coming months and into next year. Despite the easing of coronavirus restrictions, the challenges of securing insurance during the pandemic is proving a … [Read more...]
UK economy growing at the fastest pace in eighty years, forecasts major accountancy firm
Big Four accountancy firm, EY, has upgraded the country's economic growth prospects, predicting the fastest rate of growth in 80 years as the UK emerges from the coronavirus pandemic. The EY ITEM Club's Summer Forecast predicts the economy to grow 7.6% this year, the fastest rate of economic … [Read more...]
Over one-third of working population supported by government schemes during pandemic
Government support measures brought in to protect workers from job losses during the coronavirus pandemic have helped over one-third of the working population, according to the latest government figures. 14.5 million workers have been supported through a number of schemes set out at the start of … [Read more...]
Treasury reveals total Covid-19 business support provided through government loan schemes
HM Treasury has revealed it has provided 1.67 million government backed loans worth nearly £80 billion via business support schemes during the coronavirus pandemic. The total business support provided by the UK government includes the Coronavirus Business Interruption Loans Scheme (CBILS), the … [Read more...]
Government releases final package of Culture Recovery Fund
Culture Secretary Oliver Dowden has announced that applications are due to open for the remaining £300 million of the Culture Recovery Fund. The Culture Recovery Fund was set up to provide £2 billion of support to the culture, heritage and creative sectors during the Covid-19 pandemic; the sector … [Read more...]
UK economy to return to pre-Covid levels by end of year, CBI predicts
The Confederation of British Industry (CBI) has predicted the UK economy will return to pre-Covid levels by the end of 2021 in its latest Economic Forecast. Despite the delay in fully lifting lockdown restrictions, the CBI expect the UK economy to grow 8.2% in 2021, and 6.1% in 2022, as it … [Read more...]
No extension of business support schemes, despite delay in easing restrictions
Business support measures including furlough scheme have not been extended, despite the government's decision to delay the easing of Covid-19 restrictions until 19th July. During questions from the media, Prime Minister Boris Johnson confirmed there were no plans from the Treasury to extend … [Read more...]
Only 5 weeks remain for Stockport businesses to claim Restart Grants up to £18,000
Non-essential retail, hospitality, accommodation, leisure, personal care and gyms in Stockport have until the 30th June to submit applications for Restart Grants. The one-off cash grants, of up to £6,000 for non-essential retailers, and up to £18,000 for other businesses, have been designed to … [Read more...]
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