British Business Bank are a government-owned business development bank dedicated to making finance markets work better for smaller businesses. They offer Corona Virus Business Interruption Loan Scheme (CBILS) now available through participating lenders.
The impact of Covid-19 has hit different sectors in the financial market both positively and negatively . Click here for the full article which provides a useful overview of the companies who have been “winners” and which organisations have “survived”.
Click here for the best advice from investors on coping with the Covid crisis. Find useful tips on how to communicate with investors and how to position a business for a fund raise in the current climate.
Station F, a start up based in Paris, surveyed about 100 investment funds about the start ups in their portfolio (May 2020) and have produced a useful insight to how investors are viewing the market “in-Covid”. Click here to view the survey.
UK registered businesses can apply for a share of up to £55 million for new projects focusing on sustainable economic recovery from COVID-19. This document details the criteria for applying to the UK government backed sustainable innovation fund. Be quick – it ends in July!
We really like this article on guiding a scaleup through an economic shock. It shows how the role of the CFO (and senior management) needs to adapt in times of crisis. Striking a balance between cash preservation and business growth.
Click here for the full article by Marie Mawad providing a country by country view of government support. This is a fast moving area so one should always check locally for the latest information but this guide is, never the less, a good place to start.
There is hope for all the many folk who were about to create a new Fintech or had just launched a new venture. Click here for the full article which puts the current crisis in the perspective of previous events which can be useful when trying to calm nervous investors!
This is another article we really like. PWC share their survey and analysis of how the COVID 19 crisis will impact investor behaviour, valuations and deal structures. Required reading for anyone looking to raise capital.
This is a useful reminder that there are many ways to provide funding to scale businesses. Accelerating cash via revenue based financing is definitely something to consider for those businesses that have secure contracts. Click here to view the full article.
A typically well researched and informative paper from McKinsey. This is a must read article for anyone trying to understand how the COVID crisis is going to impact between retail banks and their customers.
Another quality article from McKinsey. This time its from the bank’s leadership perspective. There are going to be real pressures on a bank’s distribution strategy and cost base. Good to understand how the biggest players in financial services are likely to react.