- Directory of Members
As at the 24th and 25th May 2020, the cumulative value of the grants and loans made to businesses through the government’s emergency coronavirus interventions was just shy of £50bn.
Amongst these were £600,000 approved bounce-back loans with an aggregate value of £18.5bn – more than the cumulative value, to date, of furloughing grants – and £2.3m SEISS awards. If all of the latter were awarded to sole traders, this would equate to two-thirds (66%) of early 2019 recorded number being in receipt of an award.
Data from the Resolution Foundation suggests that as at 6 -11th May 2020, almost seven in ten agency workers were continuing to work. Just one in ten had lost their job, a further 12% were furloughed and 9% has experienced reduced hours and pay.