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Business and Other Briefings
BIS: Business Minister, Mark Prisk, met with heads of major businesses & finance experts last week to discuss the value of supply chain finance – an important step in the Government’s goal of widening the range of finance options to small & medium sized businesses.
The green paper, Financing a Private Sector Recovery, looked at several alternative means of obtaining finance to ensure businesses are able to grow & boost the recovery.
Supply chain finance has several forms but in most cases it involves a buyer organising finance based on its credit rating and on invoices approved for payment to suppliers; ensuring that businesses further down the supply chain are able to cover their working capital while waiting for payments.
Supply chain finance has several forms but in most cases it involves a buyer organising finance based on its credit rating and on invoices approved for payment to suppliers; ensuring that businesses further down the supply chain are able to cover their working capital while waiting for payments.
CLG: From last week over half a million businesses will, for one year, get double their usual Small Business Rate relief as the Government's budget promises to support local enterprise kick in.
A total of 530,000 small businesses with rateable values up to £12,000 will receive double their normal discount for one year, a move which is set to save them a total of £390m. Approximately 345,000 of those businesses with rateable values up to £6,000 - will pay no rates at all.
Press release ~ Lower council taxes and rates for hard-working families and local firms
A total of 530,000 small businesses with rateable values up to £12,000 will receive double their normal discount for one year, a move which is set to save them a total of £390m. Approximately 345,000 of those businesses with rateable values up to £6,000 - will pay no rates at all.
Press release ~ Lower council taxes and rates for hard-working families and local firms
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