Monthly Archives: November 2020

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Liverpool launches £9.5m grant fund for ‘excluded’ self-employed

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Originally written by Timothy Adler on Small Business
Liverpool has launched a £9.5m grant fund to specifically help the self-employed in hospitality and leisure excluded from government Covid support.
This includes support for the self-employed, sole traders or the home-based and their supply chains.
The Liverpool self-employed grant fund is the first in England specifically aimed at the “excluded and forgotten” from national support schemes such as the Self-Employment Income Support Scheme.
Businesses based in Halton, Knowsley, Liverpool, Sefton, St Helens and Wirral are eligible for support from the new £9.5m fund.
Last week, Liverpool mayor Steve Rotheram wrote to chancellor Rishi Sunak alongside London mayor Sadiq Khan and Manchester mayor Andy Burnham urging him to do something for the 3m self-employed who have found themselves excluded from national support.
It is estimated that there are 3m self-employed excluded from government Covid-19 business support.
Forgotten Limited, the pressure group for small limited company directors affected by the pandemic, said that 70 per cent of its members had not received any government support since the onset of the pandemic in March. Even if they make it to Christmas, 93 per cent doubted their small limited companies would still be trading by Easter.
Mr Rotheram said: “This latest round of

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How to get a bridging loan quote

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Originally written by fundingoptions on Small Business
If you require a short-term business loan to get your business from A to B, bridging finance might be just the thing you need. Use Funding Options’ bridging finance calculator to find out how much you may be able to borrow in the form of a bridging loan. We’ll ask for some basic information on how much you want to borrow, when you need the funds, what the finance is for (e.g. “property finance”) and your email address so we can provide you with your bridging loan quote.
Some business owners are unaware of the benefits of bridging finance and others are unsure of what it’s actually for. Read on to find out more about this unique type of business finance.
>See also: Common uses for bridging loans
What is a bridging loan?
Bridging loans are designed to “bridge a gap” in finance. Bridging loans can often be quicker to obtain than term loans; in some cases the funding can be ready in 24-48 hours. There are two main types: closed and open.
Closed bridging loans have a fixed repayment date (within a few months) whereas open bridging loans have no fixed repayment date, however lenders usually expect repayment within a year.
As

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3 steps to improve productivity during the pandemic

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Originally written by anthonyimpey on Small Business
After the toughest year in living memory for business leaders across the country, it’s been great to hear the news of successful vaccine trials. However, it may be some time before British businesses return to something that feels like normality. The latest productivity figures published by the Office for National Statistics (ONS) show that although there is a rise in how much each British worker produces since the start of the pandemic, it’s still below pre-crisis levels.
While it might have felt like a near impossible task over the last nine months, business leaders can improve the performance of their teams – and therefore overall productivity – during a pandemic. The prize is greater profits and a more resilient business.
The pandemic has been a huge trend accelerator – with perhaps the most seismic shift towards online, by both consumers and businesses. Business leaders have also been presented with new management challenges every day. The need for faster decision making and the extended period of remote working has forced many leaders to rapidly introduce new processes and new technology.
‘The first lockdown caused three years’ worth of innovation in the first three months of the pandemic’
The pace

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