A Stockport Council support scheme for large (over 50 employees) employers in Stockport remains open to applications until the end of the month. Grants of up to £150,000 per business are available, with applications required by 28th February 2021. Businesses will be considered if they are based … [Read more...]
News for: Coronavirus Financial
New Micro-business grant support scheme now open for Stockport businesses
Applications are now open to access Stockport Council’s new Micro-business grant support scheme. The new Micro-business support scheme will see businesses outside of the hospitality, leisure and retail sectors become eligible for both the Stockport Additional Restrictions Grant scheme and the … [Read more...]
Bounce Back Loan borrowers offered greater repayment flexibility
Businesses that took out government Bounce Back loans to help them through the Coronavirus crisis now have more time and flexibility to repay. The Treasury has announced that companies who accessed the scheme would be contacted with options to extend the term length of the loan from six to 10 … [Read more...]
Council to launch one-off grant for Stockport micro-businesses not previously in scope for Government Covid-19 business grant support
Businesses that have so far not qualified for financial grant support during the national restrictions put in place since 04/11/2020 will be able to apply to Stockport Council for a one-off grant payment of up to £1,000. Specifically aimed at micro-businesses without separate business premises, … [Read more...]
Call for firms to secure Bounce Back Loans before scheme closes
Social impact lender, GC Business Finance is calling for firms in Greater Manchester to apply for Bounce Back Loans before the scheme closes on 31st March. The loans, which are 100 per cent guaranteed by the Government, are estimated to be eligible for approximately 98 per cent of Greater … [Read more...]
Council expands eligibility for discretionary grant schemes
Stockport Council has announced it is expanding its discretionary grant schemes to support a greater range of businesses affected by the pandemic. The support will see businesses outside of the hospitality, leisure and retail sectors become eligible for both the Stockport Additional Restrictions … [Read more...]
Stockport Council launches new grant scheme for large and strategic employers
Stockport Council has announced the launch of a new Business Grant Support scheme to support large and strategic employers in the town through the ongoing Covid-19 crisis. Grants of up to £150,000 per business are now available from the council scheme following discussions with the Economic … [Read more...]
Government support packages behind historic low in administrations, reports KPMG
The number of companies falling into administration in 2020 fell to an historic low, reports accountancy firm KPMG, who attribute the fall to the government's support measures throughout the Covid-19 pandemic. Analysis conducted by KPMG's Restructuring practice found that just 171 firms in the … [Read more...]
Treasury reveals uptake of government-backed coronavirus loan schemes
More than 1.4 million government-backed loans have been issued to businesses through financial support schemes during the coronavirus pandemic, HM Treasury has revealed. In the North West, over 7,500 businesses have accessed the Coronavirus Business Interruption Loan Scheme (CBILS), totalling … [Read more...]
Chancellor confirms £4.6 billion support package for English lockdown
Chancellor Rishi Sunak has announced a £4.6 billion support package for businesses in England following the introduction of a national lockdown. Support will include one-off top up grants for retail, hospitality and leisure businesses worth up to £9,000 per property to help businesses forced to … [Read more...]
Stockport Council publish Grants Matrix to assist business claims
As the restrictions for businesses to trade continue, Stockport Council has published a Grants Matrix to help Stockport businesses navigate their way through the claims process. Download a pdf of the Grants Matrix … [Read more...]
Chancellor extends furlough and loan schemes
Chancellor Rishi Sunak has confirmed that the government's furlough and Covid-19 business loan schemes will be extended. The Coronavirus Job Retention, or furlough, Scheme will now run until the end of April 2021, with the government continuing to contribute up to 80% towards wages for hours not … [Read more...]
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