Crowe UK produced in conjunction with Haines Watts, Mazars, Moore Kingston Smith, RSM, Saffery Champness and Smith & Williamson.
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Senior experts from a number of the UK’s largest accounting firms have welcomed the Chancellor’s Bounce Back Loans scheme, providing 100% Government guarantees on loans up to £50,000 for small businesses. The scheme is a step towards resolving the major concern that cash is not reaching the hands of SMEs quickly enough to meet their pressing needs in the current crisis. The firms, which have deep expertise in advising SMEs of all sizes across the UK, also consider that there should be a stronger focus on grants rather than loans or payment deferrals.