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"The Government needs to back 100% of loans"

While the government has responded to many of the urgent needs of UK businesses, there are areas still requiring desperate attention, says Lord Bilimoria, founder of Cobra Beer and Vice President of the CBI.

With the CBI representing nearly 200,000 UK businesses, Lord Bilimoria has heard first-hand how the new measures have impacted companies across all sectors and offers a unique perspective on the economic impact of these challenging times.

In this exclusive and candid interview with Dir Liz Jackson MBE, Marketing Director at BCMS, he assesses the new measures designed to support SMEs, including the implications of widespread furloughing and access to the Coronavirus Business Interruption Loan Scheme, as well as offering practical and detailed advice for business owners.

These are fast moving and complex times for businesses. The CBI has created an insightful hub for business owners covering a wide number of topics, including guidance on available financial support and webinars on productivity and cyber security.

Important note: the market for business sales

It's not business as usual, of course, but company sales are still completing during the pandemic, and BCMS is experiencing a significant level of enquiries from acquirers looking to buy. To find out more about the market for selling a business, including how to prepare your company for a potential sale in the future, why not speak to one of our senior advisors? We can offer impartial advice, analysis and an assessment of the market, personalised to your business, your goals and your sector.