Businesses need flexible financial support to recover from pandemic

Industry News | 08/09/20

A British Chambers of Commerce (BCC) poll, conducted in partnership with banking group TSB, recorded that 42% of respondents have taken on debt during the pandemic and require flexible repayment solutions to rebuild their revenues and avoid an unsustainable debt crisis. Those drawing on government lending schemes such as the Coronavirus Business Interruption Loan Scheme or the Bounce Back Loan Scheme said they used finance to support cashflow, for overheads, and for paying staff.