Economy

bounce-back-loans-uk-government

Government Bounce Back Loan Scheme open for applications

Following the Chancellor of the Exchequer’s announcement on 27 April, I’m writing to inform you that the Bounce Back Loan (BBL) Scheme opens for applications from today. Delivered by lenders accredited by the British Business Bank for this scheme, Bounce Back Loans target small and micro businesses in all sectors, providing loans from £2k up […]

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SWMAS Barometer Survey results are in!

National Manufacturing Barometer Survey (Special Focus: COVID-19 Contingency Plans) MANUFACTURING SECTOR NEEDS URGENT FINANCIAL SUPPORT AMID CORONAVIRUS CRISIS The latest Manufacturing Barometer highlights a need for accelerated Government support as SME businesses go into steep decline.  Small to medium-sized (SME) manufacturers are calling for greater and faster financial support from the Government as they confront

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Government launches coronavirus Future Fund

This scheme will issue convertible loans between £125,000 to £5 million to innovative companies which are facing financing difficulties due to the coronavirus outbreak. The Future Fund will provide government loans to UK-based companies ranging from £125,000 to £5 million, subject to at least equal match funding from private investors. These convertible loans may be

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Make UK COVID-19 Manufacturing Monitor Survey

Beginning this week, Make UK have launched a short fortnightly survey to give us better insight into the extent to which manufacturers are: continuing to operate, furloughing their employees, accessing government-led financial support, and offer an indication of when trading conditions may return to normal once the lockdown ends. We will share the data through

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Barnstaple company submits ideas to #ventilatorchallengeuk

New NDMA member, Chris Verney of Barum Solar Heat has submitted a proposal to help with the UK government’s ventilator challenge The proposal is to make use of ULTRA/SUPER CAPACITORS to power low-voltage ventilators making them independent of mains power reliability and also highly portable. Chris explains: “as well as using traditional 240V AC power,

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Make UK COVID-19 Updates

The second of Make UK’s COVID-19 virtual meetings took place on 15th April Make UK have released updates to the Furlough FAQs here: https://www.makeuk.org/coronavirus/coronavirus-covid-19-faqs/furlough-under-the-coronavirus-job-retention-scheme A webinar on updates has also been released: Please continue to feedback to Make UK on the issues you’re facing, and whether the Government support schemes are working, through your usual

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