Insight into the support that was available for businesses throughout the pandemic
If you missed out on Covid-19 support, get in touch today to see what other options are available
Businesses all over the globe were bearing the brunt of the collapse of economic activity following the impact of the coronavirus pandemic. You might be one of the many businesses who were forced to close during the lockdowns, or faced substantially lower turnover.
In the Budget on 3 March 2021, Rishi Sunak also pledged another £375 million for the Future Fund – now known as the Future Fund: Breakthrough – to support high-growth sectors such as life science and clean tech. This scheme has now ended.
One scheme still running from the Covid-19 support is the Recovery Loan Scheme (RLS). With the latest iteration running until 2024, the RLS offers a government guarantee for small businesses, with the government underwriting 70 per cent of what the lender could lose if a business defaults. There is also no requirement to confirm you were affected by the Covid-19 pandemic.
If you are unsure whether this is a suitable source of finance for your business, get in touch to discuss your alternative funding options.
We work with world class partners to help us support businesses with finance
Swoop Finance Limited helps UK firms access business finance by working directly with businesses and their trusted advisors. We act as a credit broker, not a lender, and do not provide loans or finance products ourselves. We introduce applicants to a panel of lenders, equity funds, and grant agencies based on individual circumstances and creditworthiness.
Commission Disclosure: We typically receive a commission from the finance provider (either a fixed fee or a fixed percentage of the amount you receive) upon successful placement. Different providers pay different rates. For certain lenders, we may have influence over the interest rate, which can impact the total amount payable under your agreement.
Regulatory Information:
FCA: Authorised and regulated by the Financial Conduct Authority as a credit broker (FRN: 936513) and registered as an Account Information Services Provider (Ref: 833145).
ICO: Registered with the Information Commissioner’s Office (Ref: ZA600162); registration can be verified at ico.org.uk.
Company Details: Registered in England & Wales with Companies House (No. 11163382). Registered Address: The Stable Yard, Vicarage Road, Stony Stratford, Milton Keynes, MK11 1BN. VAT Number: 300080279.
Terms: All finance and quotes are subject to status, income, and terms and conditions. Applicants must be aged 18 or over. Guarantees and indemnities may be required. Please refer to our terms and conditions and our complaints procedure for further details.
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