NEWS
COMPASS BUSINESS FINANCE RECOVERY LOAN SCHEME
Compass Business Finance has been accredited by the British Business Bank to offer the Recovery Loan Scheme (RLS) enabling them to further support businesses as they recover and grow, following the effects of the pandemic. The scheme is designed to help businesses affected by Covid-19 access funding for managing cashflow, investment, and growth, as well as, to improve the funding terms on offer. However, if a commercial loan or funding on better terms is available, without requiring the guarantee provided by the RLS, that will be offered. Offering a number of similar features to the earlier Covid-19 schemes, the RLS also includes other
benefits, for example, the cap on borrowing has been extended from £5million to £10million per borrower with the amount per group increased to £30million. Whilst the lower limit for asset and invoice finance has been reduced to £1,000, and £25,001 for term loans. Businesses who have taken out a CBILS, CLBILS or BBLS facility are able to access the new scheme, subject to affordability. Jamie Nelson, director of Compass Business Finance, stated that, “Our accreditation under the Recovery Loan Scheme will enable us to provide more businesses with the funding they need to move forward, whether we’re helping them
BPIF CALL FOR BRITISH BOOK DESIGN AWARD ENTRIES
restructure existing debts or providing the funding for much needed investments. “We are now better positioned to assist both larger groups of companies who previously only had access to CLBILS and those smaller companies who took Bounce Backs Loans but would benefit from further support.” Compass Business Finance has a long standing relationship with the British Business Bank, having previously worked with them to increase the availability of finance to smaller UK businesses, through Regional Growth Funds, the Enterprise Finance Guarantee, and the Coronavirus Business Interruption Loan Scheme. The Recovery Loan Scheme is scheduled to run until 31st December 2021; however, this will be subject to review. Visit www.compassbusinessfinance.co.uk/ recovery-loan-scheme
PROFILE OF THE MONTH:
SUPREME LABELLING The British Printing Industries Federation (BPIF), in partnership with Oxford Brookes University, BookMachine, and The Bookseller are calling for entries to the British Book Design and Production Awards 2021. As one of the most prestigious and popular literary events of the year, these are the only industry awards to promote and celebrate the excellence and craftsmanship of the British book design and production industry. All books published between 1 July 2019 and 9 July 2021 are eligible for entry in this year’s awards. There are 18 categories that represent the many various forms books can take. These include everything from Photographic books to Scholarly, Academic and Children’s categories. There is also a specific category for aspiring students to enter their work, with the opportunity to win a cheque for £500 as well as a short internship with a leading designer, publisher or printer. A panel of industry experts from the areas of design, publishing and production will judge all the entries. In addition to the 18 category winners, the book that outshines the rest will win the title of ‘Book of the Year’. The deadline for entries is Friday 9 July 2021. The awards will be presented at a dazzling ceremony on 8 November 2021 at the De Vere Grand Connaught Rooms in London. The BPIF would like to thank its sponsors: Canon, Halstan, Matador, Mondi, Muller Martini, The Printing Charity, Winter & Company and media partners Oxford Brookes University, BookMachine and The Bookseller. For further details on the categories and entry requirements to the awards please log on to www.britishbookawards.org or contact Heena Bulsara at the BPIF on 07931533728 or heena.bulsara@bpif.org.uk
4
Supreme Labels supply a huge range of labels to suit any need, fast and efficiently and at a great trade price. Quality products for various applications in numerous sizes, with different adhesive qualities to suit all needs. Please feel free to contact Supreme Labelling regarding your customers label requirements; they will match the right product to your needs at the right price! 01924 402111 www.supremelabels.co.uk
JULY-AUGUST 2021• QUICK PRINT PRO
