In partnership with Stevens & Bolton we discussed the new insolvency measures and tools, as well as the Future Fund co-investment scheme, aimed at supporting start-ups and high-growth companies, and what these new initiatives mean for SMEs.
The government recently introduced its Corporate Insolvency and Governance Bill, to ease the impact of Covid-19 on businesses and allow them to focus their efforts on continuing to operate. New insolvency measures and tools have been introduced, designed to add flexibility to the existing options available to companies in financial difficulty to help them survive or change shape.
Also recently launched, is the co-investment scheme, Future Fund, aimed at supporting start-ups and high-growth companies during the disruption caused by Covid-19 and beyond, which enriches its initial package of Covid-19 liquidity schemes for start-up and scale-up organisations.
Both of the above government-led initiatives are targeted at the liquidity gap faced by many businesses in the wake of the ongoing Covid-19 pandemic and the associated lockdown restrictions but also the cash and working capital pressures that will be experienced as businesses seek to restart or increase activity as those restrictions are eased.
|Proposed temporary suspension of the UK’s wrongful trading laws and of winding-up petitions||David Steinberg, Partner – Restructuring and Insolvency, Stevens & Bolton LLP|
|Likely impact of the new ‘moratorium’ procedure – does it spell the end for administration?||Kevin Parish, Associate Director, Restructuring and Recovery Services, Smith & Williamson LLP|
|Future Fund – what it is and how to access this potential source of matched investment into your company||Amanda Philips, Head of Corporate Finance - Southern, Smith & Williamson Corporate Finance Limited and Nick Atkins, Partner – Head of Entrepreneurs, Stevens & Bolton LLP|
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