Chancellor Rishi Sunak has announced extensions of a number of coronavirus business support measures in the 2021 Budget. In presenting his Budget to Parliament, the Chancellor announced his priorities was in supporting those hardest hit by the pandemic’s economic impact, unveiling extensions to … [Read more...]
News for: Finance
North-west business leaders react to 2021 Budget
Following the measures announced to support the economy after the pandemic, business and political leaders from across the North-west have reacted to how Rishi Sunak's 2021 Budget will affect the region's economy. A summary of the 2021 Budget is available here. Broadly, commitments towards … [Read more...]
Managing partner to step down from Handforth financial planning firm
The Managing Partner of Handforth based Equilibrium Financial Planning has declared her intentions to step down from the firm. Gaynor Rigby, who has led the firm since 2010, announced she will leave the role in the summer of this year. During her tenure as managing partner, the Equilibrium has … [Read more...]
Bounce Back Loan borrowers offered greater repayment flexibility
Businesses that took out a government Bounce Back loan to help them through the Coronavirus crisis now have more time and flexibility to repay. The Treasury has announced that companies who accessed the scheme would be contacted with options to extend the term length of the loan from six to 10 … [Read more...]
Handforth wealth managers target risk averse investors with new fund
Handforth based wealth managers at Equilibrium, have announced the launch of a new defensive fund, aimed at more risk-averse investors. The new fund aims to offer a lower risk option for investors, while still aiming to achieve a 3% annual return on investment. Equities and related securities … [Read more...]
KPMG reports administrations are at historic low thanks to pandemic support
Accountancy firm KPMG has reported the number of companies falling into administration fell to record lows in 2020, and attributes the figures to the government's pandemic support measures. However, while support measures have shielded many businesses from insolvency during the coronavirus … [Read more...]
NW businesses receive £6.5 billion from government backed loan schemes during pandemic
Businesses across the North-West have received around £6.5 billion through accessing two government backed loan schemes during the pandemic, the Treasury has revealed. The Bounce Back Loan Scheme which launched in May 2020 to help businesses resume trading after the first lockdown, has supported … [Read more...]
Deloitte survey reveals optimism for 2021 among top CFOs
Finance leaders across the UK are optimistic for the a return to economic growth in 2021, according to a survey of Chief Finance Officers (CFOs) by Big 4 accountancy firm, Deloitte. Despite confidence in the national economy however, half of CFOs surveyed do not expect a return to pre-Covid … [Read more...]
Deadline for November furlough claims approaches
Businesses which made use of the Coronavirus Job Retention Scheme (CJRS or furlough) during the November lockdown have until 14th December to submit claims, HMRC has warned. The CJRS scheme was expanded in November to take into account the many people who would not be able to continue working due … [Read more...]
£1 million grant scheme launches for Cheshire and Warrington small businesses
Cheshire and Warrington Local Enterprise Partnership (LEP) has launched a second grant programme to help small businesses meet the costs of Covid-19 restrictions. The £1 million funding follows a similar package announced in August, and will be used to help businesses to find innovative new ways … [Read more...]
Coronavirus Job Retention Scheme changes from October 1st
From October 1st, employees enrolled in the Coronavirus Job Retention Scheme (or furlough) will only have 60% of the wages paid by HMRC, with the remainder being provided by the employer. While the total wages paid to the employee will not change, up to a cap of £2500 per month, HMRC will reduce … [Read more...]
Covid Restart Grants offer £1.15 million funding for Cheshire small businesses
Cheshire and Warrington Local Enterprise Partnership (LEP) is launching a new programme of grants to help restart small businesses after Covid pandemic. The £1.15 million fund will offer 80% grants up to £5,000 (or 60% on items purchased from 01 May – 23 July 2020) to support businesses in the … [Read more...]