Simple Liquidation blog

In April 2021, the government launched a new loan scheme to help businesses recover from Covid-19. In partnership with a number of financial institutions, the Recovery Loan Scheme (RLS) helps companies that have been affected by Covid-19 with funds being made available to assist them with cash flow, investment in equipment or staff and business growth. The scheme is open to all businesses even if they had already taken advantage of other government loan schemes, including: ● The Coronavirus Business Interruption Loan Scheme (CBILS); ● The Bounce Back Loan Scheme (BBLS); and ● The Coronavirus Large Business Interruption Loan Scheme (CLBILS). Whilst it was set to end on 31st December 2021, Chancellor Rishi Sunak announced in the Autumn Budget that the RLS would be extended to 30th June 2022. However, from 1st January 2022, there will be some changes to eligibility. So, if you’re struggling to recover after Covid-19, is your business eligible for the Recovery Loan Scheme?

Businesses are facing tough times these days due to various reasons like global recession and Covid-19 Outbreak. Covid created a sense of fear among the newly built businesses. Even the Established Businesses faced a lot of difficulties in last two years. Most of the Businesses couldn't survive these drastic time period and applied for bankruptcy. There may be plenty of Business Recovery services in Norwich, United Kingdom but finding the licensed Insolvency Practitioner is not a easy task. Most of people working in this industry are intermediary & brokers. They don't have valid required experience dealing with these kind of situations. Simple Liquidation is one of it's kind platform where you can find Licensed Insolvency Practitioner in no time. We helped thousands of businesses during their tough times. Call us today!