The next Peterlee and Seaham business park groups’ virtual event will take place on Thursday, July 16, at 11am.

*** Link to book here: https://www.eventbrite.co.uk/e/coronavirus-business-interruption-loan-schemes-briefing-tickets-109608443806 ***

Find out about some of the key business support schemes – including the Bounce Back Loan scheme and Corona Virus Business Interruption Loan schemes. With only 37% of businesses feel they can survive beyond 3 months without additional financial support. Can you afford not to find out more details?

This event is aimed at providing businesses with some of the key steps your business should take before you consider applying so to avoid delays or refusal for these loans.

The Peterlee and Seaham Business Network have teamed up with Shaun Fooy, the North East Senior Manager for British Business Bank. Shaun will provide a overview to business on the key criteria and what you need to have in place to enable your business to apply for the Bounce Back Loan Scheme (BBLS), Coronavirus Business Interruption Loan Scheme (CBILS) and the Future Fund.

The format of the event is as follows;

• Explain about the bank’s role as the UK Development Bank

• What to do in terms of approaching a lender for prospective funding

• Talk about CBILS and BBLS and features and key differences seen

• Talk about Future Fund – Features

• Q and A

For further details on this event contact Guy Bashford – guy.bashford@durham.gov.uk.

Biography: Shaun Fooy is the Senior Manager for the British Business Banks, UK Network for the North East England and has worked for the bank for 1.5 years

The British Business Bank is the government-owned economic development bank dedicated to making finance markets work better for smaller businesses. It has established a UK Network, with team members based within each of the English regions and the three Devolved Nations. The UK Network seeks to enhance business finance ecosystems across the UK so smaller businesses, wherever they are, can grow and prosper.

Shaun has spent the majority of his 29-year career supporting smaller businesses in the North East providing funding solutions as a relationship manager and business development manager. He has worked for a number of banks in the commercial and corporate banking market, including Barclays, Lloyds Banking Group and RBS and NatWest.