Month: April 2020

Future Fund – government tech start-up bailout scheme how it works

Chancellor Rishi Sunak has launched a £250m Future Fund for tech start-ups

UPDATED: The government has announced its £500m Future Fund tech start-up bailout scheme to help innovative companies get through the coronavirus pandemic.

The widely anticipated Future Fund will issue convertible loans between £125,000 to £5m to innovative companies that are facing financing difficulties due to the Covid-19 outbreak. These loans will have to be matched by private investors.

>See also: Government eyes taking equity stakes in tech start-ups

These loans will be for three years and will be charged at an interest rate of 8 per cent.

Crucially,

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Nearly 40% of small business grants still unpaid five weeks in

Time running out: local authorities are under pressure to deliver coronavirus business grants

UPDATED: Nearly 40 per cent of the £12.3bn given to local authorities to be handed out as small business grants has yet to be paid, says government

The 62 per cent paid represents £7.6bn of the £12.3bn – an increase from the 49 per cent of paid-out grants announced last week.

Sandwell Metropolitan Borough Council is one of the worst-performing councils, paying out just 24 per cent of its £73m allocation so far, as of Monday, April 27.

However, Sandwell Council said that over 2,100 small businesses

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Only one in nine coronavirus emergency business loans are approved

According to the British Chambers of Commerce, nearly 90 per cent of coronavirus loan applications are either rejected or still in limbo

UPDATED: Only one in nine UK firms seeking help from the government’s coronavirus emergency loan scheme has managed to secure any cash, claims the British Chambers of Commerce.

Just 13 per cent of all firms who attempted to access emergency coronavirus business loans have been successful, with the majority are still awaiting a decision or being rejected, according to the latest BCC weekly tracker poll.

However, 57 per cent of firms surveyed by the BCC, did not

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What Is Retargeting and Why Is It Essential for Business Growth?

By Mitesh Patel

Every business wants to win back its visitors who didn’t convert the first time. Retargeting (also known as “remarketing” to those who use Google Ads) is a way companies re-attract their traffic after a customer leaves their site without completing their decision.

What is Retargeting?

Essentially, retargeting is a very precise type of online advertising that gives you a chance to reach customers who are already familiar with your brand. Every time a visitor visits your site, and they are allocated with a cookie, that allows you to advertise to them online. This means using cookie-based technology,

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