Small businesses that racked up losses and debts will now be eligible for loans of up to £5mThe government is expanding its Covid-19 rescue loan scheme to cover small businesses on the edge of collapse, a move that Labour warned would come too late for many troubled firms.With less than a week before the furlough scheme covering 9 million employees is cut back, plunging more employers into debt, the Treasury said it would use a change in EU state aid rules to allow firms previously locked out of the coronavirus business interruption loan scheme (CBILS) to access government funds. Continue reading…
Via: UK government to expand Covid-19 rescue loan scheme
Categories: English News