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Businesses that took out government-backed Bounce Back Loans to get through Covid-19 will now have greater flexibility to repay their loans.
The Government has announced £4.6 billion in new lockdown grants to support businesses and protect jobs.
It is highly anticipated that the Government will be making tax changes in a bid to raise more money following the expense of the Coronavirus pandemic.
Business grants are by far the most attractive source of funding for both new and existing businesses.
The government’s three Coronavirus business interruption loan schemes – the Coronavirus Business Interruption Loan Scheme (CBILS), the Coronavirus Large Business Interruption Loan Scheme (CLBILS) and the Bounce Back Loan Scheme (BBLS) – and the Future Fund will be extended until the end of March 2021. Eligible businesses will be able to ‘top up’ existing Bounce Back Loans should they need additional finance.
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Registered office for each of these companies is: Lumaneri House, Blythe Gate, Blythe Valley Park, Solihull, B90 8AH
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