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Richard Ward Richard Ward

Recovery Loan Scheme replaced by The Growth Guarantee Scheme

This week, the British Business Bank announced that the Recovery Loan Scheme (RLS) is being replaced by the ‘Growth Guarantee Scheme’. The change will take effect from the 1st July 2024 and will remain in place until 31 March 2026. But what does this mean for SMEs?

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Richard Ward Richard Ward

Late VAT returns – points don’t mean prizes

HM Revenue and Customs is reminding VAT registered businesses to file their returns and pay on time, ahead of new penalties being applied. The late payment penalties and points-based late submission penalties were introduced from 1 January 2023. Could VAT finance help you to avoid these penalties?

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Richard Ward Richard Ward

The end of the 130% super-deductions

On 31st March 2023, the governments 130% super-deduction capital allowance on qualifying plant and machinery investments will come to an end. The aim of the super-deduction was to give companies a strong incentive to make additional investments, and to bring planned investments forward.

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Richard Ward Richard Ward

What will your business do if disaster strikes?

Whatever the size of your business, you should have a business continuity plan or BCP. This will ensure your business can continue in its work, even if problems arise or disaster strikes.

We invited Sarah of Get Ahead Virtual Agency why business continuity matters and what should go on your business continuity planning checklist.

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Richard Ward Richard Ward

Business Finance Jargon Buster

The world of commercial finance comes with a whole load of jargon! If you’re new to business finance, our handy guide will have you knowing your APRs from your Personal Guarantees, and what the difference is between a Secured Loan and Unsecured Loan.

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Richard Ward Richard Ward

What the Autumn Statement means for SMEs

Hot on the heels of the highest inflation figure in 41 years, which hit 11.1% in October 2022, the Chancellor unveiled his long-anticipated Autumn Statement. Here we take a look at the key announcements and how these will affect businesses in the months to come.

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Richard Ward Richard Ward

What Is Open Banking?

Open Banking refers to the process of banks and other financial institutions opening up data for regulated providers to access, use and share. But what does this mean for you and your business loan application?

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