Latest News

Government announces rise in new homes built last year

20 January 2021

Figures published in January 2021 show a 111 per cent increase in housebuilding in England from July to September 2020 compared with the previous quarter. Data for the same period also show a quarterly rise of 185 per cent more dwellings completed. Read More...

Winter weather precautions

20 January 2021

Propertymark Industry Supplier, Gallagher offers practical steps that can help agents and their clients reduce the risk of damage to property as areas of the nation are set to see further warnings of more inclement weather to come. Damage caused by the escape of water from frozen pipes and other equipment can be extremely costly in repairs and disruption. Read More...

New Help to Buy: Equity Loan Scheme

19 January 2021

First-time buyers looking to purchase a home in England will continue to receive Government support under the revised Help to Buy: Equity Loan Scheme (2021-2023), which is now open for applications with buyers able to move into their new properties from 1 April 2021. Read More...

Furlough and business loans schemes extended

Thursday 17 December 2020

Today, 17 December, the Chancellor announced that the furlough will be extended until the end of April 2021. For the moment, the furlough scheme will remain at the full rate, with the Government continuing to contribute 80 per cent towards wages, however, Rishi Sunak suggested he would review employer contributions in January.

The eligibility criteria for the UK-wide furlough scheme will remain unchanged and these changes will continue to apply to all Devolved Administrations. Extending the scheme until the end of April means businesses across the country will have certainty about what support will be available to them.

The Government-guaranteed COVID-19 business loan schemes will also be extended until the end of March. This includes the Bounce Back Loan Scheme, Coronavirus Business Interruption Loan Scheme, and the Coronavirus Large Business Interruption Loan Scheme which had all been due to close in January.  

Looking forward it has also been confirmed that the Budget will be on the 3 March 2021 where the Government will set out the next phase of the plan to tackle the virus and protect jobs.

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While our loan schemes have provided a vital lifeline to millions of firms across the country, we know that business owners need additional certainty as we head into the New Year. Extending government-backed loan schemes will give companies right across the UK the finance they need to support, protect and create jobs as we build back better from the pandemic. 

Rt Hon Rishi Sunak, Chancellor of the Exchequer

What schemes are available?

For more information on financial support during the Coronavirus pandemic, the Government website provides a summary of what is currently available, including the Bounce Back Loan Scheme and the Business Interruption Loan Scheme mentioned above.

View details of financial support