Featured in the latest edition of Northern Insight, Geoff provides an update on the current situation for business owners and what they should be looking out for as Coronavirus restrictions ease.
Where we’re at…
With light at the end of the tunnel, hopefully some form of normality will resume leading to an upsurge of spending and increased commercial
activity.
The furlough scheme is due to end on 30 September and loans provided at the beginning of the pandemic are now having to be repaid. As there are still uncertainties ahead, it would be sensible for businesses not to repay loans early, instead keeping cash reserves for unexpected challenges, whilst ensuring that repayments are made as scheduled.
