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April, 2020

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BCC responds to UK Finance’s Coronavirus Business Interruption Loan Scheme applications update

Commenting on UK Finance’s latest figures (30 April) on the number of firms successfully accessing CBILS, the BCC’s Head of Economics Suren Thiru said:

BCC Coronavirus Business Impact Tracker: Loan schemes still slow to help many cash-strapped firms – but furlough scheme preventing redundancies

Results from the latest BCC Coronavirus Business Impact Tracker reveal the majority of businesses surveyed ahead of changes to the scheme announced on 27 April did not intend to seek financial support through CBILS bank loans and most of those who had applied were awaiting a decision or had been unsuccessful.

BCC responds to announcement of the Bounce Back loans scheme

Commenting on the Chancellor’s announcement of the Bounce Back loans scheme for micro businesses, BCC Director General Adam Marshall said:

BCC responds to ESFA post-16 provider relief scheme

Commenting on the Education & Skills Funding Agency’s announcement of a post-16 provider relief scheme which will seek to continue education and training during the coronavirus pandemic, BCC Head of People Policy Jane Gratton said:

BCC responds to measures to prevent aggressive rent collection and closures

Commenting on temporary measures announced by Business Secretary Alok Sharma on 23 April to safeguard businesses against aggressive debt recovery actions during the coronavirus pandemic, BCC Head of People Policy Jane Gratton said:

BCC responds to UK Finance’s update on Coronavirus Business Interruption Loan Scheme applications

Commenting on the latest UK Finance update on the number of firms successfully accessing CBILS, the BCC’s Head of Economics Suren Thiru said:

Queen’s Award for Enterprise - Chamber Network winners

Congratulations to our Chamber Network and their members across the UK who have been recognised in the Queen’s Awards 2020.

BCC Coronavirus Business Impact Tracker: More than 70 per cent of firms surveyed have furloughed staff as scheme goes live

Results from the latest BCC Coronavirus Business Impact Tracker reveal that the vast majority of businesses surveyed have furloughed a proportion of their workforce, and are awaiting funds from the Coronavirus Job Retention Scheme as payday approaches for many. 71 per cent of survey respondents have furloughed staff, up from 66 per cent last week Cash flow remains a significant concern for many businesses - 6 in 10 have less than three months’ cash in reserve

BCC responds to announcement of Future Fund

Welcoming the Chancellor’s announcement of a Future Fund, supporting start-ups by delivering an initial commitment of £250m of new government funding which will be unlocked by private investment on a match funded basis, BCC Head of Economics Suren Thiru said:

BCC responds to opening of Job Retention Scheme online application portal

BCC Director General Adam Marshall responds to news that applications are now open for the government’s Coronavirus Job Retention Scheme