COVID-19 Support: Implications to R&D Claims
Coronavirus Business Interruption Scheme Loans Companies that take out a loan via the Coronavirus Business Interruption Loan Scheme must ensure they are aware of how it may impact on the size and scope of their R&D claims. A Coronavirus Business Interruption Loan (CBIL) will be classed a notified state aid. This means that any CBIL […]
Money for your business… you won’t have to pay back
Right now, the government is throwing a lot of money at business owners. Money to help businesses strive to survive these incredibly difficult times and rightly so. But in most cases, all this money will eventually need to be paid back. At the same time, it’s hard to estimate just how long it’s going to […]
New loan scheme for businesses
Yesterday, April 28th, the Chancellor Rishi Sunak announced a new loan scheme specifically for small and medium sized businesses. The scheme called the Bounce Back Loan Scheme launches next Monday 4th May. The criteria are more relaxed than for the CBIL scheme. Businesses will be able to apply for up to £50,000. Loan can be […]