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 in Bounce-Back loans by over 1.4 million businesses who will now benefit from this new initiative.
If you’re unsure how to apply for a ‘Pay As You Grow’ plan, please don’t hesitate to contact us on 01384 376964
Folkes Worton – Accounting for the Future