TheCityUK Recapitalisation Group have released their interim report on recapitalising UK companies following Coronavirus. You can download the report here.
BCC Director General Adam Marshall said:
“This report is an extremely welcome contribution as we look to restart, rebuild and renew the UK economy.
“Many businesses have taken out loans to help weather the unprecedented economic impact of Coronavirus, and bold solutions will be needed to prevent thousands of firms from falling into a spiral of unsustainable debt.
“A number of the approaches proposed here should be investigated further – including a ‘student loan’ type instrument, where repayments begin once revenues return to pre-crisis levels, for smaller firms.
“Government, regulators and the City must now work together with business communities
For the latest advice and support for businesses surrounding Coronavirus, please visit our Coronavirus Business Support Hub.