info@sccci.co.uk   01270 504 700   Help
Sign Up SCCCI Portal helps you connect with your local business community.

BCC responds to TheCityUK’s recapitalisation report

Created by
Commenting on TheCityUK Recapitalisation Group’s interim report on recapitalising UK companies following Coronavirus, published today (Monday 8 June 2020), BCC Director General Adam Marshall said:

“This report is an extremely welcome contribution as we look to restart, rebuild and renew the UK economy.

“Many businesses have taken out loans to help weather the unprecedented economic impact of Coronavirus, and bold solutions will be needed to prevent thousands of firms from falling into a spiral of unsustainable debt.

“A number of the approaches proposed here should be investigated further - including a ‘student loan’ type instrument, where repayments begin once revenues return to pre-crisis levels, for smaller firms.

“Government, regulators and the City must now work together with business communities to find solutions that help viable businesses recover and invest as they emerge from this crisis.”
ENDS
About British Chambers of Commerce (BCC)
The British Chambers of Commerce (BCC) represents and campaigns for business. Our roots are local, but our reach is global. We’re owned by, and work for, a network of Chambers of Commerce that champion and support our members across the UK and in countries and markets around the world. For more information, visit: www.britishchambers.org.uk
Verification Code