EventFlash 20/05/20: Loans for large firms
The government has extended the size of loans available to larger businesses which have been affected by the Covid-19 pandemic. The Treasury has said companies will now be able to receive up to £200m from the Coronavirus Large Business Interruption Loan Scheme (CLBILS), which previously had a maximum pay-out of £50m.
Elsewhere, the conditional phased reopening announced by prime minister Boris Johnson, 10 May, suggested some hospitality businesses could reopen as early as 4 July, as part of Phase 3. However, any business that does reopen will need to meet the government’s new work safety guidelines, and five taskforces have been set up.
Finally, a former agency owner has joined another agency…
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