A local independent pub group has secured a £250,000 loan through the Coronavirus Business Interruption Loan Scheme (CBILS) from Lloyds Bank to help it to support its staff and suppliers during the COVID-19 lockdown. Regency Corporation runs a number of local pubs along the Sussex Coast, including the Crown & Anchor in Shoreham. The business […]
A South Staffordshire-based wine producer and retailer has been able to expand its production and has diversified its operations during the coronavirus shutdown, after securing support from Lloyds Bank. The Halfpenny Green Wine Estate faced difficulties on both the agricultural and retail sides of its business due to the COVID-19 outbreak. Alongside adjusting to the […]
“On 27 April an article was published on the Business Money website news page under the heading ‘Forum of Private Business celebrates as Highwayman beats up Mr Punch’. The article referred to an appeal in the High Court which proved in favour of the Highwayman Pub in Kidlington, and referenced Punch Taverns. In fact, in […]
Food and drink businesses defied an overall drop in UK exports during the first quarter of 2020 as supply chain disruption and international efforts to combat coronavirus hit overseas sales of goods and services, according to the Lloyds Bank International Trade Index. The Index, compiled in partnership with IHS Markit saw UK manufacturing exports fall […]
Tregenna Castle Resort, in St Ives Cornwall has secured a £1m loan from Lloyds Bank to help secure the business’ future after the hotel, self-catering, leisure and events venue was forced to shut amid the COVID-19 lockdown. The coastal resort secured the finance in preparation for a significant drop in revenue, with quarantine restrictions falling […]
Leumi UK, the London-based subsidiary of Israel’s leading international bank, has closed a deal with 4C Hotel Group to finance the development of 4 Canopy by Hilton hotel in Aldgate, London. Located on the city fringe, the 342-bedroom lifestyle hotel features interiors inspired by its East End surrounding and is set to open its doors […]
Hotel and restaurant proprietors, Laurence and Helen Beere, who own and manage The Queensberry Hotel and Olive Tree Restaurant in Bath, have completed a £450,000 loan by accessing the scheme through Barclays. The boutique hotel and Michelin Star restaurant which employs 45 people has had to close due to the Covid-19 pandemic. The Barclays loan […]
A Somerset farm business, wedding venue and B&B – currently hosting French and American tourists unable to travel home amid COVID-19 lockdown – has secured an emergency funding package from Lloyds Bank after it was forced to cancel or postpone hundreds of bookings. Huntstile Organic Farm, based in Goathurst near Bridgwater, which normally hosts about […]
It’s predicted that as many as a million local businesses may not survive a four-week-long coronavirus lockdown. As the isolation period stretches onwards, many formerly profitable restaurants, shops and other local businesses fear they may never re-open their doors. But a new local business voucher scheme could come to the rescue of many popular local […]
Leading business support group, the Forum of Private Business is lobbying the chancellor to reduce beer tax as part of a package to make the leading PubCo’s give their pubs’ tenants a rental holiday whilst they are closed during the coronavirus lock down. An open letter has been sent to the Treasury and to the […]
