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State-backed CBILS replacement scheme delayed by lending details

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Originally written by Anna Jordan on Small Business
Progress on a state guarantee scheme to replace CBILS is being hampered by pricing and personal guarantee issues.
According to the Times, provisional details of the scheme were intended to be laid out by the end of last month, helping lenders prepare for a planned launch in April. However, said lenders are concerned that they won’t be prepared in time because of these complications.
It’s hoped that the new scheme can help businesses who aren’t eligible for normal commercial lending to get back on track post-pandemic.
The scheme would also help non-bank lenders to raise wholesale funds to continue to provide credit to small businesses. The state guarantee provides confidence over recoveries should a borrower default.
That said, the Treasury is torn between striking a balance between rules that will provide a broad range of lenders and conditions that will be attractive to borrowers, with bank and non-bank lenders having different needs in key areas.
CBILS loans over £250,000 were changed to state-backed rather than personal guarantees following an outcry last year. But despite the taxpayer guarantee, alternative funders are likely to need personal guarantees to meet the needs of their wholesale funders.
As for pricing, non-bank lenders are

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Hot Business News Today

Covid-19 roadmap – plan for shops, gyms and zoos to reopen from April 12

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Originally written by Anna Jordan on Small Business
The Prime Minister has announced that gyms, shops, hairdressers and outdoor hospitality in England could open from April 12 if strict conditions are met, as outlined in his Covid-19 roadmap.
In an announcement made to MPs earlier today (February 22), the PM details each part of the roadmap. He will be holding a televised press conference at 7pm.
The new four-step plan gives a guide to how we will come out of Covid-19 restrictions and Johnson has stressed that any lifting of restrictions will be based on data, not dates.
Conditions would need to be met at each stage of the plan to put the measures in place:

The coronavirus vaccine programme continues to go to plan
Evidence shows vaccines are sufficiently reducing the number of people dying with the virus or needing hospital treatment
Infection rates do not pose a risk of a surge in hospital admissions
New variants of the virus do not fundamentally change the risk of lifting restrictions

Let’s take a closer look at the plan.
Step two
The second step is where we would start to see changes for businesses.
From April 12, we could start to see the opening of certain types of businesses:

Non-essential retail, hairdressers and public

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