For startups affected by the pandemic, there’s now dedicated financial support from the government in the form of Future Fund.
It’s a £250 million package to support UK-based small firms that are struggling financially as a result of Coronavirus and that aren’t eligible for the Coronavirus Business Interruption Loan Scheme.
With government loans from £125,000 to £5 million now available Anthony Rose, CEO and founder of SeedLegals explains that it’s definitely worth applying if you run a startup that is facing financial challenges. But how do you do that exactly?
Do you qualify?
The first thing to do is check if your company qualifies for the scheme. You should have raised £250,000 or more and be able to raise at least £125,000 of investment yourself. Future Fund will match this, doubling the amount.
However, there’s one caveat. Future Fund isn’t SEIS/EIS compatible at this moment in time (SeedLegals is lobbying
Hundreds of local business partnerships across England will share £6.1m of funding to spend on projects that will help their local high streets through the uncertainty of the coronavirus pandemic,High Streets Minister Simon Clarke MP confirmed today.
The money will be paid to local authorities and dispersed to Business Improvement Districts (BIDs). These are local business partnerships that bring developers and communities together to provide local leadership, drive regeneration and deliver projects and additional local services.
Many BIDs are now playing a crucial role during these challenging economic times, offering hands-on support to those businesses affected, including advice services, increased security to protect businesses that have closed, and providing key intelligence to local and central government on the impact of the coronavirus outbreak on their local economies.
High Streets Minister Simon Clarke MP said: “The Government has announced a comprehensive programme of support for businesses to help them deal
Wall Street Journal assistant managing editor Sarah Rabil sent out the following on Friday:
>We’re delighted to introduce you to the future of journalism: our 2020 interns. The bios they provided are impressive—and fun—to read.
This year’s class, as you know, will work a bit differently. Some interns will start in June and work remotely this summer. The rest are deferring to September, January or next June in the hopes we can have as many of them as possible working in the newsroom, alongside us. We still want to recognize each of them now for being selected for this highly competitive opportunity.
Thank you for extending warm welcomes to all of these journalists as they join us over the coming year.
Sarah, Andrés & Megan
Elaine will be reporting for WSJ Pro. She recently graduated from the University of Chicago, majoring in economics and political science.