Financial Guidance
Financial Guidance
On this page, you will find all the information you need to make informed decisions and access our expert advice in response to the Government announcements about financial support for your business.
Contact us today to discuss how TC Group can liaise with banks and other financial institutions on your behalf to secure any loans or grants that are available to you.
Updates
From Cash Preservation to Cash Flow Forecasting
Hopefully, by now you are at an advanced stage with the Government measures that are already available to you. Existing options include: Business Interruption Loan Scheme (BILS); CJRS & Furloughing Staff; Rent assistance; Tax deferrals. Whilst the measures are...
Changes to BILS Announced by Chancellor and What That Means for Your Funding Options
As predicted yesterday, Rishi Sunak has announced important changes to the Coronavirus Business Interruption Loan Scheme (BILS). Under the old scheme, there were 130,000 applications and only 1,000 were given loans, a clear sign that the scheme wasn’t fit for purpose....
What to Expect from the Next Chancellor Statement
BILS Overhauled Anticipated Following on from yesterday’s email there have been multiple reports today that the Chancellor is expected to overhaul the Coronavirus Business Interruption Loan Scheme (BILS). We wouldn’t ordinarily comment on speculation but we know that...
Government puts pressure on Banks to help Businesses
After a quiet few days for business announcements from the government, today the Business Secretary, Alok Sharma, addressed the nation, to give some much-needed optimism for businesses that are still struggling due to the limitations in the government’s support...
Self-Employed Earners
Support for self-employed earners mirrors somewhat the relief for employees via the Coronavirus Job Retention Scheme (CJRS). 80% of earnings based on an average from the last three tax years, and capped at £2,500 per month.
Small Business Rates Relief (SBRR)
A cash grant of up to £25,000 for those businesses with a rateable value of less than £51,000, and cash grants of £10,000 to 700,000 of the smallest businesses.
Coronavirus Business Interruption Loan Scheme (BILS)
BILS, delivered by the British Business Bank and other institutions, has been set-up to support businesses financially, details are still emerging but the scheme has been live since Monday 23rd March. Interest-free business interruption loans will be increased to...
Commercial & Private Rent Assistance
Commercial tenants are now protected from eviction for three months if they cannot pay their rent due to coronavirus. For private tenants, an increase in housing allowance is available to cover 30% of market rents in the area.
Round-Up Of The Week
We understand that this week has been an enormous challenge for businesses up and down the country, and we are committed to helping you through this challenging period…