Video: Your Coronavirus Business Funding Questions Answered

Corporate legal

13th May 2020

One of the key pillars of the government’s support for businesses throughout the Coronavirus pandemic is the Coronavirus Business Interruption Loan Scheme (CBILS).

The scheme provides financial support to smaller businesses (SMEs) across the UK that are losing revenue or having problems with their cashflow as a result of the Coronavirus outbreak. More than 40 banks and financial institutions will lend the money which is partially guaranteed by the UK Government.

In this four part video series, Alistair Scott-Somers, Director at Progeny, talks you through the eligibility criteria, how much you can borrow and how to make an application for a Coronavirus Business Interruption Loan.

Executive Director, General Counsel and Director of Corporate Law

Alistair joined Progeny Law in October 2016 and heads up the Corporate team.

Prior to joining, Alistair worked for Eversheds (now Eversheds Sutherland), before being recruited by Premier Farnell plc to lead its M&A activity. Most recently Alistair was a partner at national law firm, Bond Dickinson (now Womble Bond Dickinson), and led the Corporate team in its Leeds office.

Alistair works closely with owner-managers of businesses, family owned businesses and management teams on improving, funding and maximising the value of their businesses with particular focus on PE backed transactions. He has extensive experience of the transactions in the care, technology, food, leisure and chemicals sectors.

As a keen rugby fan, Alistair can be heard shouting at either Leeds Rhinos or England RU team.