CBD Live Showguide November 2020 | Page 73

providing the remaining 80 %. Dividend payouts will be prohibited as a condition of borrowing , though certain bonuses will still be permitted .
Smaller companies can also apply for a Bounce Back Loan
This is available between £ 2,000 and up to 25 % of turnover , up to a maximum loan of £ 50,000 , provided businesses can prove they have lost income due to COVID-19 . The government guarantees 100 % of the loan and there are no fees or interest for the first 12 months . After the first year , the interest rate will be 2.5 %.
The Future Fund
The most recent scheme introduced by the British Government is the Future Fund . This allows start-ups which had raised at least £ 250,000 before the COVID-19 shutdown to receive up to £ 5m in funding from the government , provided a third party is willing to invest in the company . The scheme is aimed at companies that have not been able to benefit from other government relief measures and are in early stage development . At present there are no EU-wide schemes to help businesses at a local level , although many EU countries have introduced their own economic relief packages , such as loan guarantees for businesses , deferment of taxes , state-backed aid , and other measures .
CBD-Intel ( CBD-Intel . com ) provides impartial , independent and premium market and regulatory analysis , legal tracking , and quantitative data for the worldwide cannabidiol ( CBD ) sector . We provide our clients with the tools to navigate this fast-moving sector , tailor their business strategy , optimise resources and make informed decisions . In addition , we offer customised research and consultancy support .
73