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CBILS Update – Tales from the Front Line

CBILS Update – Tales from the Front Line

by Add Then Multiply | Apr 24, 2020 | Covid19, Finance, Growth, Investment

Over the past 10 days, I have interviewed around two dozen entrepreneurs about their CBILS experiences and also spoken with senior bankers from several high street banks. Everyone was promised anonymity in return for giving me the full story of CBILS from their...
CJRS Update – portal going live on Monday

CJRS Update – portal going live on Monday

by Add Then Multiply | Apr 18, 2020 | Covid19, Finance, Growth, Investment

They’ve done it! The HMRC portal for claiming under the Coronavirus Job Retention Scheme goes live on Monday 20 April.   They haven’t said what time it goes live. Night owls, I recommend you stay up on Sunday night and try to access the portal in the wee small...
CJRS Update – a step in the right direction but still not enough

CJRS Update – a step in the right direction but still not enough

by Add Then Multiply | Apr 16, 2020 | Finance, Growth

Much noise was made yesterday about the latest changes to the Coronavirus Job Retention Scheme (CJRS). It’s definitely an improvement, but it still leaves many who changed jobs after 28 February in the void.   There’s been a little more about the portal for...
CJRS Update – clarity for company directors

CJRS Update – clarity for company directors

by Add Then Multiply | Apr 5, 2020 | Finance, Growth

The government has updated the rules of the Coronavirus Job Retention Scheme.   The underlying rules of the scheme are unchanged:   You can claim 80% of the wages of furloughed employees up to a cap of £2,500 per employee per month, plus employer’s NI and...
CBILS Update – the Chancellor has listened

CBILS Update – the Chancellor has listened

by Add Then Multiply | Apr 3, 2020 | Finance, Growth

Finally, there is some good news for SME business owners.   It’s been two weeks since Chancellor Rishi Sunak announced CBILS, the Coronavirus Business Interruption Loan Scheme, and SME business owners are getting scared. The government said the money would be...

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