Monthly Archives: August 2020

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How to win £150,000 for your beauty business start-up

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Originally written by Anna Jordan on Small Business
Beauty brand consultancy, The Red Tree, is giving one beauty start-up the chance to win £150,000.
The firm has partnered with SFC Capital to launch The Beauty Accelerator. As well as the funding, the winning business will get knowledge and expertise from The Red Tree for 12 months, helping your beauty start-up get to the next stage.
Speaking about the launch, Stirling Murray, managing director of The Red Tree said; “We are extremely excited about The Beauty Accelerator. There is an incredibly vibrant independent beauty brand scene in the UK with dynamic entrepreneurs driving game-changing innovation and creating disruptive brands.
“We will give one of these brands the chance to dramatically accelerate their growth through significant investment from SFC Capital and a year-long collaborative partnership with The Red Tree. Our world class team has a wealth of commercial beauty experience and will provide strategic insights as well as access to a wide network of beauty industry contacts”.
Stephen Page, CEO of SFC Capital said “The beauty sector has been disproportionately affected by the Covid-19 lockdown, and it is important we help activity return to normal in this highly innovative and dynamic industry. At SFC we are always

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Self-Employment Income Support Scheme re-opens

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Originally written by Stephanie Spicer on Small Business
The government has re-opened the Self Employment Income Support Scheme (SEISS) allowing claimants to apply for a government grant of up to £6,750. The scheme was established to help those self employed workers whose income was impacted by the coronavirus pandemic.
To date over 2.7 million people have benefitted from the scheme, receiving £7.8bn. For the first grant, self-employed individuals in Scotland have made 155,000 claims totalling £449m; in Wales 108,000 claims for £289m have been made and in Northern Ireland 76,000 claims for £216m have been submitted. In England, 2.2 million claims were made totalling £6.4bn.
The second stage of the scheme means that those eligible will now be able to receive a second and final grant worth 70% of their average monthly trading profits, with the money set to land in their bank accounts within six working days of making a claim. Individuals must earn at least half of their income from self- employment and annual trading profits must not exceed £50,000.
Anyone whose self-employed business has been adversely affected by coronavirus since 14 July is eligible for the scheme.
Rishi Sunak, Chancellor of the Exchequer said: “Our self-employment income support scheme has already helped

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