Blog

Coronavirus and UK businesses: Taking advantage of support

28/04/2020

The UK government has implemented several new schemes to support businesses and their staff during the Coronavirus pandemic.

Two of the most talked about are the Job Retention Scheme, under which workers can be furloughed and be paid up to 80% of their salaries by the government, and the Coronavirus Business Interruption Loan Scheme, which aims to make loans more accessible to businesses that need them.

We’ve compiled this infographic to give an overview of how businesses have responded to these schemes and how many of the UK’s companies are currently relying on them.

You can also take a look at our infographic exploring the initial impact of Coronavirus on UK businesses here.

 

If you are struggling with the effects of coronavirus and are in need of commercial funding, you can reach our funding consultants by calling 0800 9774833 or using this request a call back form.

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Some of the funders we work with

  • Castlebridge
  • Leumi ABL
  • Regency Factors
  • InvoCap
  • Barclays
  • MaxCap
  • ABN AMRO Commercial Finance
  • Time Finance
  • Clear Factor
  • Optimum Finance
  • Kriya
  • Woodsford Tradebridge
  • Investec
  • Cynergy Business Finance
  • Bibby Financial Services
  • Pulse Cashflow Finance
  • Accelerated Payments
  • Merchant Money
  • 4Syte
  • Ultimate Finance Group
  • Sonovate
  • Haydock Finance Ltd
  • Peak Cashflow
  • Nationwide Finance
  • Blazehill Capital
  • Aldermore Invoice Finance
  • Metro Bank SME Finance
  • Davenham Trade Finance
  • Santander Corporate & Commercial
  • PNC Business Credit
  • Partnership Invoice Finance
  • Close Brothers Invoice Finance
  • Davenham Asset Finance
  • Roma Finance
  • Giant
  • eCapital Commercial Finance
  • Praetura Invoice Finance
  • Lloyds Bank Commercial Finance
  • IGF Invoice Finance
  • Allica Bank
  • Berkeley Trade Finance Ltd
  • Tradeplus24
  • Skipton Business Finance
  • Royal Bank of Scotland
  • Team Factors

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