Monthly Archives: April 2020

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Government eyes taking equity stakes in tech start-ups

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Originally written by Timothy Adler on Small Business
The government is considering various rescue packages to help Britain’s tech sector start-ups excluded from business rescue schemes announced so far.
Although government has lauded the UK’s tech sector as the spearhead of Britain’s new economy – Boris Johnson wrote the foreword to Tech Nation trumpeting UK tech investment report last year – banks are refusing to offer state-guaranteed loans to loss-making start-ups.
Yet France has announced a €4bn (£3.5bn) start-up bailout fund – called a liquidity plan – to help French start-ups stricken by the coronavirus crisis.
One idea being considered is the government offering loans to start-ups, which could either be repaid by businesses after the crisis or turned into equity stakes in tech start-ups owned by the state. Venture capital would have to match whatever the government invests, according to the Financial Times, to prove commercial viability and also keep within EU state aid rules, which ban direct state intervention.
See also: Why government needs to boost EIS tax relief to 80% to save our start-ups
It would be similar to 3i, then called the Industrial and Commercial Finance Corporation, the government scheme launched after the Second World War to help regenerate the economy.
Business Growth

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How is your bank helping your small business through coronavirus?

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Originally written by Timothy Adler on Small Business
Although all the high street banks are offering loans through the Coronavirus Business Interruption Loans Scheme (CBILS), several banks have gone further and are offering additional support to small business sector to help it survive the coronavirus crisis. 
Here is a round-up of what small business help each high street bank is offering to help your SME survive the coronavirus pandemic.
Additional coronavirus bank support for small business – what’s available?

Barclays

Helpline for all business banking customers impacted by the coronavirus outbreak. Call 0800 197 10862 between 8am and 8pm Monday to Friday (except bank holidays)
Free business banking and no fees or interest on overdrafts between March 13 and June 12 2020 for business banking customers with annual turnover up to £250,000. After June 12 2020, normal charges and fees will apply, which will be debited from business banking accounts from August 2020

Clydesdale Bank and Yorkshire Bank

Clydesdale Bank and Yorkshire Bank relationship managers can approve a three-month capital repayment holiday to business customers who have not previously been identified as being in or approaching financial difficulty, or other high-risk groups
Relationship managers can authorise to extend overdraft and loan facilities by up to six months without charge

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5 Virtual Admin Jobs that Don’t Require Experience

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English essayist Joseph Addison once said, “No one is more cherished in this world than someone who lightens the burden of another.” I can’t think of a more perfect description of what it means to be a virtual assistant. You get to bring order to chaos and ease the burden of business owners who would […]

The post 5 Virtual Admin Jobs that Don’t Require Experience appeared first on The Work at Home Woman | Legit Work From Home Jobs.

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