The British Chambers of Commerce (BCC) today publishes its Quarterly Economic Survey – the UK’s largest and most authoritative private sector business survey.
BCC urges banks to deliver financial support to businesses on the ground
BCC Director General Adam Marshall and President Baroness Ruby McGregor-Smith have written to bank leaders urging them to get cash from the Coronavirus Business Interruption Loan Scheme to businesses on the ground as soon as possible.
The success of the Coronavirus Business Interruption Loan Scheme will depend on the strength of banks' support for businesses during the pandemic. That means accelerating the application process and a clear and dropping the need for personal guarantees.
See the full letter below.