‘Pay As You Grow’ now available on Bounce-Back Loans

Chancellor Rishi Sunak has announced further support for businesses that took out Bounce-Back Loans to help them through the COVID-19 Pandemic. Tailor-made repayment schedules, known as ‘Pay As You Grow’ will give borrowers greater flexibility in paying the loans back based on their individual situation. Nearly £45 billion was borrowed … Continued

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Council Grants for Businesses Forced to Close

The next round of Council Grants has been released for businesses forced to close due to national restrictions. These grants are aimed at businesses in the retail, leisure, hospitality, personal care and sports facility sectors. They can only be claimed if the business has been forced to close due to … Continued

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Protect your assets in these challenging times

Challenging Times? Find out how to protect your property and liquid assets with Folkes Worton. These are challenging times and the uncertainties created by the current crisis may have made you concerned about your business’s or your own personal financial exposure. You may therefore be interested to learn, that at … Continued

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Bounce Back Loans

Bounce Back Loan Scheme

To help smaller Limited Companies, Partnerships and Sole Traders get through and recover from the current pandemic, the Government launched the ‘Bounce Back Loan Scheme’ for loans between £2,000 and a maximum of £50,000 over 6 years. There’s no set-up fees and the first 12 months is interest on capital … Continued

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Folkes Worton Insight

Why most businesses fail in the first year

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