Covid-19 Business Support update 5 – Review of Covid Financial Support Packages

The UK government has borrowed billions of pounds from its emergency Bank of England overdraft to finance the fight against Covid-19, drawing money from the Bank’s “ways and means” facility to help workers andbusinesses.
The last time it was used was at the height of the financialcrisis in December 2008, but this time the government needed to raise a lot of money in a short period to pay for its economic stimulus package tosupport the economy.
We are now very familiar with the range of support available from the Job Retention Scheme grant and Business Interruption Loans to the recent Bounce Back Loan but how effective are they and are businesses able to access the funds as quickly as needed?
Our expert panel this week includes Dawn McLaughlin, Aaron Ennis, Louise Breslin and Julie Pollock, who will unpack the financial supports, examining the evidence and advising on consequences.
Paul Clancy, CEO, Londonderry Chamber of Commerce will moderate this information session and there will be an opportunity to put your own question to the panel.

Agenda:

11:00am       Paul Clancy, CEO, Londonderry Chamber of Commerce welcomes all

11:05am      Paul briefly introduces the panel members and then each to make remarks:

                       Aaron Ennis, Head of North and West Business Centre, Danske Bank – CBIL / Bounce Back loans and access to finance

                        Dawn McLaughlin, Principal, Dawn McLaughlin & Co. – £10K, £25K Grant support

                        Louise Breslin, Business Development Manager, DCSDC – free mentoring plan

                       Julie Pollock, Owner, ConsultHR – Job retention Scheme updates

11:45am        Moderated Q & A from our members

12:00pm      Webinar closes

If you would like to registerfor this week’s webinar email anna@londonderrychamber.co.uk