New data shows extent of Midlands’ reliance on COVID support

The ongoing importance of Government support for business during the pandemic has again been underlined in figures showing that more workers in the Midlands were placed in Coronavirus Job Retention Scheme (CJRS) than any other UK region apart from London.

One in 10 employees in the Midlands – some 487,000 people – were furloughed, according to the most recent data from the Office of National Statistics (to August 31). This compares to 557,300 in London; 319,300 in the North West, 242,600 in Scotland and 220,100 in Yorkshire and Humberside.

Time Finance plc (LON:OPM), established in 2006 is an independent provider of finance facilities to the SME sector. The Time Finance group offer a full range of business finance solutions to the UK market from asset finance, hire purchase, commercial loans through to invoice finance and factoring.

Click to view all articles for the EPIC: ,
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

More articles like this

Investment is top of the agenda for UK businesses

Now is a good time to invest in business according to the latest survey by alternative finance provider, Time Finance.  The survey found that 100% of businesses and financial intermediaries agreed that investing in business to recover and

Time Finance appoints Ed Rimmer as permanent Group CEO

Time Finance plc (LON:TIME), the AIM listed independent specialist finance provider, has announced that Ed Rimmer has been confirmed as permanent Group CEO with effect from 1 June 2021. Having previously been COO of the Company, Mr Rimmer

Optimism reigns as recovery starts in earnest

In what has been a chaotic 12 months, the financial pressures to stay open for business overwhelmed small business owners. Yet, what should have mounted and defeated many, in turn acted as a catalyst for strength and resilience.

Optimism and Asset Finance go hand in hand

It’s beginning to feel more normal” seems to be a common statement being voiced by many as we move at speed towards the second part of 2021.  The vaccine success story has played its part and injected a