As the government announces that measures are in place to limit the spread of Coronavirus for the next six months there are many businesses looking ahead to see what the future holds for them. Cash flow is usually the biggest concern and the government have recognised this.
The Chancellor of the Exchequer has today extended the government’s three Coronavirus business interruption loan schemes - the Coronavirus Business Interruption Loan Scheme (CBILS), the Coronavirus Large Business Interruption Loan Scheme (CLBILS), the Bounce Back Loan Scheme (BBLS) - and the Future Fund. The extension aligns all the end dates of the schemes to 30 November.
As the schemes were announced at different times, they previously had different closing dates.
If you need a hand understanding what your business accounts could look like in six months please get in touch.