How to achieve a fit for purpose finance function

Posted on: 09 July 2020

Entrepreneurial technology businesses are now in uncharted territory and experiencing a range of financial, HR and operational challenges as the coronavirus outbreak seeps into every aspect of operations.  Often, it is only when a crisis occurs that ineffective and inefficient structures in the finance team and the finance function emerge and create issues. In our latest blog, we explore how the deployment and management of a bloated finance team during … Continue reading

Summer Economic Update: Chancellor reveals plans to support UK recovery

Posted on: 08 July 2020

In his Summer Economic Update Chancellor of the Exchequer Rishi Sunak today (8 July 2020) unveiled a ‘Plan for Jobs’ worth up to £30 billion to support the UK’s recovery from the Coronavirus outbreak. In his address in the Commons, the Chancellor delivered a much-anticipated statement on the Government’s plan for entering the second phase of the recovery. In our latest blog, we outline some of the notable changes to … Continue reading

How to benefit from an EMI share scheme

Posted on: 25 June 2020

In our latest blog, we explore EMI share schemes and explain how early-stage and growing businesses can benefit from this type of tax-advantaged employee share scheme. Estimated reading time 2:30 minutes Attracting, recruiting, motivating, and retaining employees through an EMI share scheme An EMI share scheme is the most tax-efficient and flexible HMRC-approved share option scheme. It allows companies to grant options to selected employees to buy shares at a … Continue reading

Practical ways to support employees through COVID-19

Posted on: 01 June 2020

Estimated reading time: 6.5 minutes There is no doubt that Coronavirus has fundamentally altered how people work. Many employers have swiftly embraced a wholesale transition from office to home-based working to protect and support employees and their families, while those who cannot work from home now face strict and unprecedented controls over their actions in the workplace. A further 8.4 million other workers have been furloughed, many on reduced pay, … Continue reading

UK Government launches Bounce Back Loan scheme

Posted on: 28 April 2020

Estimated reading time 4:00 minutes Yesterday (27 April 2020), Chancellor of the Exchequer Rishi Sunak announced another policy (Bounce Back Loan scheme)  measure designed to support small businesses through the coronavirus outbreak.  Announcing the 100% state-backed Bounce Back Loan scheme in the House of Commons, the Chancellor outlined the “simple, quick and easy” solution for those in need of smaller loans.  In this blog, we explore the policy, what it means … Continue reading

UK Government pledges £1.25 billion support package to help fast-growing firms

Posted on: 20 April 2020

Estimated reading time 4:00 minutes UK businesses driving innovation will receive support through the coronavirus outbreak with a £1.25 billion support package. The much-anticipated shot-in-the-arm for entrepreneurial businesses includes a £500 million fund for high-growth firms and £750 million of grants and loans for research and development focused activities. In this blog, we reveal what this intervention involves, why the Government has launched the initiative and how businesses can receive … Continue reading

How to access the Coronavirus Job Retention Scheme (CJRS)

Posted on: 20 April 2020

Estimated Reading Time: 4:00 minutes ‘Furlough’ entered the popular lexicon following the UK Government’s response to the coronavirus crisis. With the pandemic affecting millions, it is expected that employers’ reliance on the UK Government’s Coronavirus Job Retention Scheme (CJRS) will only become greater as businesses try to deal with the fallout of the virus. In our latest blog, we explore what it means and why the launch of the furlough … Continue reading

CBILS: UK Government-backed initiative to support SMEs during the pandemic

Posted on: 10 April 2020

Estimated reading time 5:00 minutes Small and medium-sized businesses now have access to financial support through the Coronavirus Business Interruption Loan Scheme (CBILS). Launched on 23 March 2020, and expanded on 2 April 2020, the scheme enables businesses to address cash flow issues caused by COVID-19. The initiative is a central component in a broader package of government support for UK businesses and employees. Introduced on 23 March 2020, and … Continue reading

Coronavirus: How to manage cash flow and working capital

Posted on: 01 April 2020

Estimated reading time 6:00 minutes Coronavirus (COVID-19) has affected millions of people around the world. The increased prevalence of this ‘black swan’ event has been matched by a rapid transition away from office-based work, to self-isolation and home-based work activities. With the outbreak declared a ‘global pandemic’ and no apparent end in sight, we reveal what founders of entrepreneurial technology businesses are doing to safeguard their cash flow, working capital … Continue reading

Sunak splashes the cash, but slashes Entrepreneurs’ Relief in Budget 2020

Posted on: 14 March 2020

Estimated Reading Time 6:00 minutes Chancellor Rishi Sunak unveiled the Government’s first Budget on Wednesday (11 March) in the House of Commons. Among the expansionary fiscal plans, the chancellor allocated billions to combat the economic disruption caused by COVID-19 with investments in public services, promised significant investments in infrastructure and made headline-grabbing R&D and business rates relief commitments. However, whilst we welcome the measures to protect the economy in the … Continue reading