The UK Government is keen to help all SMEs, including creative agencies, get through the Coronavirus crisis. £330bn of government-backed loans has been made available under two programmes, including the Coronavirus Business Interruption Loan Scheme, as well as £20bn of tax breaks.
Added to that is the Coronavirus Job Retention Scheme that’s designed to cover wage costs and, hopefully, prevent firms laying people off.
But accessing those funds is proving a challenge for many creative agencies. Despite the government’s supportive attitude, it still needs applicants to supply relevant, timely information including management accounts and cashflow forecasts.
If you’re struggling in this area, perhaps we can help?
Our range of professional services include:
Government schemes application support
Finding alternative sources of finance