The Business Finance Guide presents
Managing cash
in times of change
This guide is designed to support businesses experiencing financial challenges as a result of COVID-19, EU Exit and other economic interruptions
Guide
COVID-19
Guidance for businesses whose operations are or may be directly impacted by COVID-19
Economic uncertainty
This year, 2020, is a challenging time for UK businesses, regardless of their size or the sector or region in which they operate.
Economic uncertainty can affect the cashflow and working capital requirements of many small and medium-sized businesses.
The British Business Bank and ICAEW have updated the Business Finance Guide to help business owners navigate the challenges they currently face. It’s a completely independent source of information — it does not sell any type of finance product or solution.
If you’re worried about running out of money to cover operating costs and wages, or you want to be better prepared during this uncertain time, the Business Finance Guide removes all the confusing jargon around cash and working capital. It includes practical information from industry experts to help you overcome the obstacles your business currently encounters.
The challenges
Advice and
funding options
How to seek out much-needed independent advice in times of uncertainty
Speaking with
lenders and investors
How to engage lenders and investors during challenging times and how to review existing funding
Working together
Everyone in the business, from sales to operations, can have an impact on cash and your financial position
Financial management
In times of uncertainty, forecasting operational and financial challenges can help you keep a close eye on cash
Timeline
Economic uncertainty in 2020
The facts
20.05.20
Future Fund opens
Future Fund, designed for companies that typically rely on equity investment, opens for applications.
04.05.2020
BBLS launched
Bounce Back Loan Scheme (BBLS), aimed at businesses requiring smaller loans, opens for applications
20.04.2020
CLBILS launched
Coronavirus Large Business Interruption Loan Scheme (CLBILS) opens for applications
02.04.2020
CBILS expanded
Coronavirus Business Interruption Loan Scheme (CBILS) expanded to benefit more smaller businesses across the UK
26.03.2020
Self-employed scheme announced
Chancellor announces Self-Employment Income Support Scheme for self-employed workers
23.03.2020
CBILS launched
Coronavirus Business Interruption Loan Scheme (CBILS) opens for applications
20.03.2020
Wage subsidy announced
Government announces it will subsidise 80% of staff wages for some businesses through its Coronavirus Job Retention Scheme
19.03.2020
Further cut to interest rate
Bank of England again cuts interest, this time to 0.1%
17.03.2020
Rescue package announced
Chancellor announces £330 billion package of financial support
11.03.2020
Interest rate cut
Bank of England makes an emergency cut to interest rates
11.03.2020
Budget unveiled
Chancellor’s spending plans include business interruption loans and a suspension of business rates
20.05.20
Future Fund opens
Future Fund, designed for companies that typically rely on equity investment, opens for applications.
04.05.2020
BBLS launched
Bounce Back Loan Scheme (BBLS), aimed at businesses requiring smaller loans, opens for applications
20.04.2020
CLBILS launched
Coronavirus Large Business Interruption Loan Scheme (CLBILS) opens for applications
02.04.2020
CBILS expanded
Coronavirus Business Interruption Loan Scheme (CBILS) expanded to benefit more smaller businesses across the UK
26.03.2020
Self-employed scheme announced
Chancellor announces Self-Employment Income Support Scheme for self-employed workers
23.03.2020
CBILS launched
Coronavirus Business Interruption Loan Scheme (CBILS) opens for applications
20.03.2020
Wage subsidy announced
Government announces it will subsidise 80% of staff wages for some businesses through its Coronavirus Job Retention Scheme
19.03.2020
Further cut to interest rate
Bank of England again cuts interest, this time to 0.1%
17.03.2020
Rescue package announced
Chancellor announces £330 billion package of financial support
11.03.2020
Interest rate cut
Bank of England makes an emergency cut to interest rates
11.03.2020
Budget unveiled
Chancellor’s spending plans include business interruption loans and a suspension of business rates
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