What Facilities are Available to Your Business?

By Jamie Jemmeson ACSI, MSTA at Infinity International A fortnight ago, we published our insight piece on “What hedging tools and what flexibility is right for your business?” in our FX Hedging series. We highlighted what we consider to be some of the salient talking points when deciphering the ideas and products available that could warrant reflection during the uncertain times of coronavirus. Within this FX Hedging series, we published some of the main points and what these could mean to your business in the coming weeks and months as we enter a new phase of life (and businesses) under COVID-19 conditions. This is our final instalment in the series, where we will unpack in more detail “What facilities are available to your business?” If you missed the previous articles in this series, you can catch up: Points to Consider Before FX Hedging in COVID-19 Conditions Can Your Business Identify and Understand its FX Exposure? What Impact Could Hedging Have on Your Business? What Hedging Tools and What Flexibility Is Right for Your Business Towards the start of the coronavirus crisis the Government quickly recognised that cash flow could become a big challenge for UK businesses and swiftly introduced various initiatives such as the Coronavirus Business Interruption Loan Scheme (CBILS) and the Future Fund to try and assist businesses. Whilst they have not escaped criticism, they have helped to ease the burden. It has become necessary for many businesses to reassess their appetite towards risk inclusive of banks, finance

2020-08-12T11:30:22+00:00July 16th, 2020|

Future Fund: Sunak’s next steps to help business

By Jamie Jemmeson ACSI, MSTA at Infinity International Now more than ever, the focus of FDs, Treasurers and finance teams is likely to be firmly fixed on cash-flow.  As a result, you will have seen from our other Infinity International blogs and insight pieces, we’re trying to ensure we provide content to our clients on several relevant topics covering a variety of possible concerns.  To do this, we are drawing on our own experience, client feedback as well as the input from others in our network. Funding for businesses is a relevant topic and a priority through these unprecedented times. According to Deloitte’s CFO survey for April just under a third of companies are accessing the Bank’s Covid-19 Corporate Financing Facility; whilst increasing cash flow was the second highest priority over the next 12 months[1]. The Government Coronavirus Business Interruption Loan Scheme (CBILS) has already been released but is not right for every business. As a result, we have shifted our focus to the new Government lending scheme for SMEs, the Future Fund, and how it will operate. Official details were release this week with applications opening today. Understandably, the recent focus from the Government and the nation has been on the current changes in the lockdown restrictions and the milestones for further easing. I spent some time chatting to the team at Polestar CF and asked Richard Hall, a corporate finance specialist for his take on the early stages of the Future Fund. For context, Richard is a

2020-06-22T15:08:39+00:00May 20th, 2020|

7 top application tips for the Government Coronavirus Business Interruption Loan Scheme (CBILS)

By Sarah Billingham, Key Account Business Development Manager I appreciate that FX risk management is just one challenge amongst many at the best of times and now more than ever, the focus of FDs, Treasurers and finance teams is likely to be firmly fixed on cashflow.  As a result, you’ll have seen from our other Infinity International blogs and insight pieces, we’re trying to ensure we provide content to our clients on several relevant topics covering a variety of possible concerns.  To do this, we’re drawing on our own experience, client feedback as well as the input from others in our network. This week our focus has turned to the Government lending scheme for SMEs.  Social media and the press have been awash with articles on the Government Coronavirus Business Interruption Loan Scheme (CBILS) ranging from information provision to comments and updates.  The provision itself seems to be changing almost daily with developments to process as well as product and sometimes it’s difficult to know what to read and where to start! To try and make sense of it all I wanted to understand the key takeaways that would help in approaching the application process with a lender. There are many active voices on the subject in the papers, financial news feeds and on LinkedIn; one vocal participant in that discussion is Shaw & Co, a Corporate Finance business based in the South West of England. I spent some time chatting to the team and asked Alexei Garan, their

2020-04-28T10:52:54+00:00April 28th, 2020|