An £884 million loan scheme for new businesses is to be expanded, it has been revealed.
Banks have been accused of “pulling up the drawbridge” on lending to small businesses.
Currently, the threshold for undergraduate loan repayments stands at £27,295 per year and will remain at this level from April 2022. As for post-graduate loans, the earning threshold will also remain the same, which is £21,000 per year. Read More
If you received a Bounce Back Loan (BBL) during the coronavirus pandemic and took the cash as drawings, there may be additional tax consequences.
The Start Up Loans scheme has supported nearly 70,000 start ups and small businesses outside of London, new figures have revealed. Read More
Businesses borrowed almost £80 billion in emergency loans and finance facilities throughout the coronavirus pandemic, a major study has revealed.
British businesses can now apply for affordable loans of between £1,000 and £10 million under the new Recovery Loan Scheme (RLS).
The Future Fund: Breakthrough scheme, which is replacing the closed (to new applications) Future Fund scheme, will open in the UK around the start of summer.
The Recovery Loan Scheme will help businesses restart and recover from the Covid-19 pandemic, the Government has announced. Read More
The number of new businesses registered at Companies House grew significantly during the final six months of 2020, the latest statistics have revealed. Read More