Future Fund Update

27th May 2020

Future Fund Update The Future Fund, announced by the government on 20 April 2020, opened for applications on 20 May 2020. The aim of the Future Fund is to support innovative UK companies, with good potential, in science, innovation and … Continue reading

READ MORE

Bounce Back Loan Scheme: Now open for applications

4th May 2020

From today (Monday 04 May 2020), accredited lenders are accepting applications for the new Bounce Back Loan (BBL) Scheme, which was introduced by the UK Chancellor on 27 April 2020. The Scheme aims to support smaller businesses by providing them … Continue reading

READ MORE

Bounce Back Loans to support small businesses

28th April 2020

Yesterday (27 April 2020) the UK Chancellor announced a new fast-track loan scheme for small businesses which benefits from a 100% government-backed guarantee for lenders. The Bounce Back Loans scheme offers sole traders, micro-firms and entrepreneurs with much needed protection … Continue reading

READ MORE

Break Clauses in Leases: The Impact of Covid-19

28th April 2020

As we all know, the impacts of Covid-19 are reaching far and wide. Where prospective tenants are still going ahead and entering into leases, many are seeking an additional right to break within the next 12 months as a way … Continue reading

READ MORE

Wrongful Trading Laws Suspended

23rd April 2020

On 28 March 2020, the Business Secretary announced that UK insolvency laws, which deal with wrongful trading by company directors, would be temporarily suspended in light of COVID-19. Wrongful trading is an offence under the Insolvency Act 1986, which applies to … Continue reading

READ MORE

A Guide to Furlough: FAQs about furloughing staff during COVID-19

23rd April 2020

The Coronavirus Job Retention Scheme (the “Furlough Scheme”) is up and running and employers can now submit their claims for reimbursement from HMRC through the online portal. On 12 June 2020, the government released guidance on the significant changes it … Continue reading

READ MORE

New Future Fund to support innovative UK businesses

22nd April 2020

On 20 April 2020 government announced that it is to establish a new Future Fund scheme to support the UK’s innovative businesses currently affected by Covid-19. Innovative businesses have been unable to access other government business financial support programmes, because … Continue reading

READ MORE

Coronavirus in the workplace – The useful links

14th April 2020

Coronavirus in the workplace – The useful links: From the Government For businesses HMRC Guidance for employers on the coronavirus (COVID-19) Job Retention Scheme and furlough: https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme   Coronavirus Job Retention Scheme Webinar   A step by step guide for … Continue reading

READ MORE

Will furloughed employees be on holiday over the Easter weekend?

9th April 2020

Will furloughed employees be on holiday over the Easter weekend? The bank holiday is finally upon us… For those with furlough arrangements in place, this may be more cause for a headache than the usual hurrah with the current ambiguity … Continue reading

READ MORE

COVID19 and the UK IPO

9th April 2020

The UK Intellectual Property Office (“UK IPO”) is the central registry in the UK responsible for dealing with trade mark, design right and patent applications. The UK IPO has confirmed in a recent update that examination reports for UK trade … Continue reading

READ MORE