How is the Autumn Budget 2021 going to affect your small business?
Chancellor Rishi Sunak unveiled the contents of his highly anticipated Autumn Budget 2021 in the House of Commons last week. Despite the promise of Sunak’s much-hyped ‘Age of Optimism’ the budget only revealed a few benefits for small businesses. Overall highlights included: Business rates cut by 50% for retail, leisure and hospitality for one year: […]
Future Fund extended to 30 November 2020
Original article featured on the British Business Bank website (https://www.british-business-bank.co.uk/coronavirus-loan-schemes-and-the-future-fund-extended-to-30-november-2020) 24 September 2020 The Chancellor of the Exchequer has today extended the government’s three Coronavirus business interruption loan schemes and the Future Fund. The extension aligns all the end dates of the schemes to 30 November, ensuring that there is further support in place for […]
A better way to invest in Future Fund Convertible Notes?
Investors should consider quite carefully before investing in the Future Fund scheme. It is not for everyone but the returns can be attractive for those getting it right. The terms of the Future Fund Convertible Notes are: I. Interest on the loan will be a minimum of 8% per annum (non-compounding) or the interest rate […]
Future Fund – Secure your Future with a Convertible Loan.
Amongst the range of business support measures announced by the government in the past two months is the Future Fund. Delivered by the British Business Bank (like the CBILS programme), the Future Fund has been designed to ensure high-growth companies across the UK receive the investment they need to continue during the crisis. Unlike CBILS, […]