Small Businesses Boosted By Bounce Again Loans — GOV.UK

— our job retention scheme — greater than 500,000 claims have been made to the value of £4.5 billion

— business grants — half one million business properties have benefitted from £6 billion of enterprise grants

— the Coronavirus Business Interruption Mortgage Scheme — with over 20,000 loans

— the Covid Corporate Financing Facility, which has supplied over £14 billion for bigger companies

— generous VAT deferrals price billions of pounds

— scrapped businesses rates

— covering the price of statutory sick pay

— the brand new scheme will run alongside the prevailing Coronavirus Business Interruption Loan Scheme (CBILS) and Coronavirus Massive Enterprise Interruption Mortgage Scheme (CLBILS)

— We are also taking extra steps on the Coronavirus Business Interruption Loan Scheme (CBILS) to ensure that lenders have the arrogance they need to course of finance functions shortly, together with eradicating the per lender portfolio cap for the federal government assure, and altering the viability assessments that so that all banks will need to evaluate is whether or not a business was viable pre COVID-19

Nationally in our survey, past the four largest cities, 46% of individuals report serious issues with finances in their household in the course of the pandemic. The poll was additionally in a position to seize snapshots from these four biggest cities at totally different stages of the months-lengthy coronavirus pandemic — cities that have had a variety of public health responses to the virus.

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