Business not yet successfully accessing government loan and grant schemes
Results from the second BCC Coronavirus Business Impact Tracker reveal that most businesses have not yet successfully accessed the government’s Coronavirus Business Interruption Loan Scheme (CBILS) and the grants for small businesses.
- Just 1% of firms had successfully accessed CBILS and 7 per cent are receiving grants
- 57% of firms have three months cash in reserve or less, 6 per cent of respondents have already run out of cash
- 37% of respondents said they were planning to furlough between 75 to 100% of their workforce over the next week