Replacement for Bounce Back & CBILS? Barclays to Support Local Business; & Confidence on the Up

Business Finance Bulletin

As the application deadline to apply for a Bounce Back or CBILS loan fast approaches, there is talk of a new government-backed loan being announced in this week’s Budget. Focusing more on recovery than survival we consider what the features of the loan could be. Smaller, local businesses have been badly hit over the last 12 months. We look at a pilot scheme launched by Barclays Bank in four UK towns. The Rebuilding Thriving Local Business programme designed to equip small business owners with the skills to restore their businesses. More information here https://www.barclays.co.uk/business-banking/sectors/entrepreneurs/back-to-business-programme/ To close, a review of the latest Lloyds Bank monthly Business Barometer survey which reveals that business is slowly edging up to highs not seen for nearly a year.