The consortium is calling for 5bn in government funding to kick start distribution before the end of the month.April 2020 has proved to be a financially challenging month for UK SMEs, despite the Government’s efforts to provide loans (namely through the CBILS scheme), only 0.5% of the 330bn SME loan budget has actually been issued to businesses.
Business development Laura McGuire · 23 April 2020
Fintech firms rally together to support SMEs through COVID-19
ABOUT THE EXPERTLaura McGuire
Laura is the Junior Reporter at Real Business and Business Advice. She's the first point of call for any PR, business owner or industry insider looking to tell a story of entrepreneurial inspiration, retell some key advice, or a ground-breaking news story. She is the core ambassador for the brand(s) and can be found attending high profile events and meeting disruptive business owners across London and beyond.