A new government-backed loan scheme has launched, providing additional finance to those businesses which need it, helping them save jobs. The Recovery Loan Scheme offers loans varying in size from £25,000 to a maximum of £10 million to eligible businesses ranging from coffee shops and restaurants to hairdressers and gyms.
Businesses could also be eligible for one-off grants to help them re-open safely under the government’s Restart Grant scheme.
Non-essential retail businesses could be eligible for grants of up to £6,000, while eligible businesses in the hospitality, accommodation, leisure, personal care and gym sectors may be entitled to a one-off cash grant of up to £18,000.
More information on this grant, including details of eligibility and how to apply is available on TDC’s website, along with all other financial support available for businesses.