Tag: loans

PRCA Publishes Data on Loans, Furloughing, Pay Cuts, and Redundancies

Stuart Mitchell

The Public Relations and Communications Association (PRCA) have published its latest piece of research, examining in detail how PR businesses are reacting to the current circumstances in financial and human resources terms. The research reveals: – 15% of respondents have applied for business interruption loans, and a further 10% will be doing so– 60% of respondents have furloughed staff– 50% of respondents have implemented staff pay cuts, and a further 10% expect to do so– Where staff pay cuts have been implemented, almost two-thirds of cuts have been in the…

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Charity Bank loans totalled £48.6 million in 2018

Stuart Mitchell

Charity Bank announced at its Annual General Meeting (AGM) that it lent £48.6 million to charities and social enterprises in 2018. This is up 43% from £34.1 million in 2017 and means it has lent over a quarter of a billion (£270 million) since 2002, to enable positive social change across the UK. Last year’s loans included £21.2 million to support housing and local facilities projects; £12.1 million for the provision of arts, heritage, sports and faith, and £7.9 million towards employment, training and education. Having access to funding is…

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