We saw interest rates on deposits tumble during 2020 with many schools now seeing significant reductions in the interest they receive and receiving a shock when existing Fixed Rate deposits mature, and they look to renew them. In fact, we have seen some banks offering as little as 0.03% interest … [Read more...]
CORONAVIRUS BUSINESS INTERRUPTION LOAN SCHEME (CBILS)
This new loan scheme delivered by the British Business Bank, will launch from 23 March 2020. The Temporary Coronavirus Business Interruption Loan Scheme (CBILS) can provide facilities for smaller businesses (SMEs) across the UK who are experiencing lost or deferred revenues, leading to disruptions … [Read more...]
