Bottom-line losses: Counting the cost of copyright abuse
Content is a precious commodity for publishers, meaning instances of illegal copying come at a cost. Here, in the first of two articles, Matt Aspinall,
Industry News
Industry News
A government-backed loan scheme for large businesses affected by coronavirus has been expanded to cover all viable firms, the Chancellor announced.
· All viable businesses with turnover of more than £45m will be able to apply for government-backed support
· Firms with turnover of more than £250 million can borrow up to £50 million from lenders
· This complements existing support including the Covid Corporate Financing Facility and the Coronavirus Business Interruption Loan Scheme
Expanding on the previously announced scheme, Large Business Interruption Loan Scheme will now all eligible businesses with a turnover of more than £45 million to apply for up to £25 million of finance, and up to £50 million for firms with a turnover of more than £250 million.
The Government states that it will provide lenders with a guarantee of 80 per cent on each loan to give lenders further confidence in continuing to provide finance. The scheme will be available through a series of accredited lenders, which will be listed on the British Business Bank website.
Chancellor Rishi Sunak MP said:
“I want to ensure that no viable business slips through our safety net of support as we help protect jobs and the economy. That is why we are expanding this generous scheme for larger firms. This is a national effort and we’ll continue to work with the financial services sector to ensure that our £330 billion of government support, through loans and guarantees, reaches as many businesses in need as possible.”
Further information here: https://www.gov.uk/guidance/apply-for-the-coronavirus-large-business-interruption-loan-scheme
Content is a precious commodity for publishers, meaning instances of illegal copying come at a cost. Here, in the first of two articles, Matt Aspinall,
Last week more than 50 publishing professionals, from a variety of consumer and B2B businesses, met to review over 250 entries from more than 70 companies, ultimately deciding on the shortlist and winners.
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