Funding Options Blog

The growth hub for small and independent businesses

RLS extension

Government Announces Recovery Loan Scheme Extension

On 20 July 2022 the Government announced the latest iteration of the Recovery Loan Scheme (RLS), which is set to run for two years starting from 1 August 2022. As it stands, lenders do not yet have access to the Government loan scheme and are awaiting further information regarding their accreditation. As soon as we have further information we will update this article. Lenders will primarily use the Recovery Loan Scheme to fund businesses that they previously couldn't. This could be due to factors such as their credit score, trading time, turnover or homeowner status. In other words, If you're considered as a less risky business, in most cases they will first look to support you using their standard product selection instead of RLS. Read on to find out more.

28 Jul 2022

How can small businesses be the top seed at Wimbledon?

Game Set and Match: How can small businesses be the top seed at Wimbledon?

More than a billion viewers take action across 200 nations – providing a platform for UK businesses to market their business. It's clear that just like the FA Cup Final that occurred earlier in the summer calendar of sporting events, Wimbledon is a beacon for businesses. Smaller companies look to Wimbledon for creative ways to build their brand and drive their bottom line.

27 Jun 2022

Five ways business owners can support and celebrate Pride

Five ways business owners can support and celebrate Pride

Pride London will return on Saturday, July 2, after a two-year hiatus due to coronavirus, with a special celebration to mark 50 years since the first UK Gay Pride Rally in 1972. Whether you identify as LGBTQ+ (Lesbian, Gay, Bisexual, Transgender, Queer or ‘Other’) or as an ally, this is a great time to show support for the community by celebrating diversity and highlighting your business as an inclusive space.

17 Jun 2022

Funding options available to business owners in a post-RLS lending landscape

Funding options available to business owners in a post-RLS lending landscape

At this stage in the pandemic, most government support packages put in place to help businesses across the UK protect their cash flow have ended. The final iteration — the Recovery Loan Scheme — officially ends on Thursday, June 30, 2022. However, the majority of accredited lenders have already reached their allocation of RLS funding, meaning they’re no longer taking applications.

16 Jun 2022

Craft beers and ales for national beer day

National Beer Day 15th of June

National Beer Day Britain takes place on the 15th of June, established in 2015 by Jane Peyton (founder of the School of Booze). Introduced by the Dutch in the latter half of the fourteenth century, beer is the most popular alcoholic drink in the United Kingdom.

15 Jun 2022

MTD card

Are you ready for Making Tax Digital?

Are you ready for Making Tax Digital? Make sure you’re up to date with the new MTD rules beginning April 1, 2022.

30 Mar 2022


Spring Statement 2022: How will it impact businesses and households?

Amid the huge economic implications of the war in Ukraine and with inflation at its highest in three decades, Chancellor Rishi Sunak's Spring Statement included a number of new measures designed to support homes and businesses. Find out what’s new:

23 Mar 2022

NMW Increase

The National Minimum Wage is increasing from April 1st

The National Minimum and the National Living Wage increase on April 1st 2022. It's a statutory legal requirement to raise pay rates, and if you're an employer, you need to be aware of the rise and the bands relating to age and employee status. <br><br> There are two important dates employers need to be aware of in April relating to pay. On April 1st, the national minimum wage rises in the UK, and on April 11th, statutory rate payments will also increase.

18 Mar 2022

dog with glasses

Love your pet? Here are some pet business ideas to explore

February 20th is *love your pet day* in USA. But why celebrate your love of animals for just 24 hours when you can do it all year round? If you’ve been considering starting a pet business, you’ve come to the right place. Kick off your new venture with one of these business ideas…

17 Feb 2022


Subscribe to our newsletter today

Sign up for the best of Funding Options sent straight to your inbox.