Budget 2021: what you need to know about the Recovery Loan Scheme

The Recovery Loan Scheme will help businesses restart and recover from the Covid-19 pandemic, the Government has announced.

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Government Start Up Loans attributed to rapid rise in new companies

The number of new businesses registered at Companies House grew significantly during the final six months of 2020, the latest statistics have revealed.

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Government set to unveil £520 million ‘help to grow’ scheme for small businesses

The Chancellor, Rishi Sunak, is set to announce plans to help the UK’s economic recovery by unveiling a new ‘help to grow’ scheme for small to medium-sized enterprises (SMEs).

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MPs call for business rates cut in 2021 Budget

A total of 45 MPs in England are calling for Chancellor Rishi Sunak to cut business rates in England from 50 per cent of the market rent to 35 per cent in the 2021 Budget.

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Draft legislation implements requirement for “mandatory independent scrutiny” of pre-pack administration sales

New legislation will require independent scrutiny of pre-pack sales where connected parties are involved, it has been announced.

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Small businesses handed £7.8 billion through local authority grant schemes, figures reveal

More than £7.8 billion in grant funding has been delivered to small businesses through local authority grant schemes, it has been revealed.

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Businesses to have access to free service to help resolve disputes with banks

Small and medium-sized enterprises (SMEs) will have access to a new independent service to assist in resolving disputes with banks.

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Pub industry calls for reopening of the sector as sales halve

Prominent figures within the beer and pub industry are calling upon the Government to reopen pubs with non-essential shops when lockdown ends, as they are an indispensable contributor to the economy. 

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One in five small businesses not entitled to financial support, FSB reveals

As many as one in five small businesses and sole traders are not entitled to financial support under the Government’s coronavirus support package, it has been revealed.

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Government urged to extend COVID business support measures

The Government is being urged to extend emergency coronavirus support in the upcoming Budget with a recent study warning that businesses face a £50 billion shortfall when the support measures end in April 2021.

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Insolvency: 900,000 UK businesses are ‘at risk’ of closure

One in seven UK businesses are ‘at risk’ of closure in the first half of 2021 with many coronavirus business support measures due to close in March and April, according to the latest research.

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CJRS: Annually paid directors may now be eligible for furlough claims

Small company directors that were not able to claim under the Coronavirus Job Retention Scheme (CJRS) because they paid themselves an annual salary in March 2020 may now be eligible to claim under the scheme.

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Is your business ready for 2021? Get set for the year ahead with forecasting, budgeting and effective cash flow management

Businesses have faced a number of unexpected challenges over the past year, with the coronavirus pandemic having an unprecedented impact on our lives. With England now in national lockdown once again, it’s more important than ever to ensure that your

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Late payments: Large businesses to pay small firms within 30 days under Prompt Payment Code

The Government has confirmed that large businesses that have signed up to the Prompt Payment Code (PPC) must pay small businesses within 30 days.

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Business rates: UK businesses could save almost £500 million after interim rebate ruling

Businesses in the UK could save a combined total of £481 million in business rates after an interim ruling on rebates.

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