As the pace and impact of the COVID-19 virus accelerates, so does the level of government intervention.
The Chancellor has announced a three month mortgage holiday for home-owners, offered government backed credit, tax breaks & grants and promised industry bailouts.
Specifically, announcements impacting businesses included:
We will continually update when details become confirmed, in the meantime, we remain in active dialogue with all banks, alternative providers of finance, the British Business Bank and the CBI, amongst others.
To access the support there will be processes to follow, criteria to be met and your own business risk profile to be understood, but we will be working closely with clients to navigate these challenging times.
Gambit Corporate Finance has a dedicated debt advisory team. We would be happy to speak with any companies that have concerns and wish to understand the options available to them.
Jason Evans, Partner of Gambit Corporate Finance LLP and leads the Debt Advisory Team.