government funding
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Market Insight 22 OctChancellor lowers Job Support Scheme criteria in updated COVID support
Chancellor of the Exchequer Rishi Sunak has broadened the scope of the Government’s COVID-19 fiscal support to businesses in the face of more wide-spread regional lockdowns.
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Market Insight 22 OctSMMT claims ‘no-deal’ Brexit will trigger £2,800 uplift in EV prices
The Society of Motor Manufacturers and Traders (SMMT) has said that a 'no-deal Brexit' would trigger a £2,800 uplift in electric vehicle (EV) prices and jeopardise the growing interest in green new cars.
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Supplier News 12 OctNFDA’s Electric Vehicle Approved (EVA) scheme re-opens for car retailers
The National Franchised Dealers Association (NFDA) has re-opened its Electric Vehicle Approved (EVA) scheme in an effort to help car retailers improve their expertise with zero emissions cars.
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Market Insight 30 SepNFDA welcomes Prime Minister’s apprenticeships ‘reform’ speech
The National Franchised Dealers Association (NFDA) has welcomed a “Skills Speech” by Prime Minister Boris Johnson, expressing hope that it may indicate a move towards jobs generating reforms.
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Market Insight 25 Sep
Could car retail bounce back make retailers ineligible for Job Support Scheme?
The strength of the car retail sector’s bounce back recovery from the UK’s full COVID-19 lockdown period could make businesses ineligible for Job Support Scheme (JSS), it is feared.
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Market Insight 25 SepSMMT fears ‘disturbing times’ ahead after 44.6% August car manufacturing decline
The Society of Motor Manufacturers and Traders (SMMT) has expressed its fears of “disturbing times” ahead after UK car manufacturing declined 44.6% by volume in August.
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Finance 24 Sep1-in-4 car dealers using COVID-19 loans or overdrafts to stock forecourts
Almost a quarter of used car retailers have turned to Government-backed COVID-19 recovery loans or overdrafts to fund their forecourt stock since lockdown, NextGear Capital has found.
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Market Insight 24 Sep
Chancellor unveils Government’s new COVID-19 job support scheme
Chancellor of the Exchequer Rishi Sunak has outlined details of a new COVID-19 job support scheme to replace the furlough option offered by the current Coronavirus Job Retention Scheme (CJRS).
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Market Insight 22 SepFLA calls on Government not to ‘prematurely end’ COVID-19 finance support
The Finance and Leasing Association (FLA) has urged Government to not ‘prematurely end’ its COVID-19 finance support for UK business in a co-signed letter to Chancellor of the Exchequer Rishi Sunak.
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Market Insight 17 Sep
HMRC clarifies CJRS furlough scheme ‘usual hours’ calculation
The HMRC has updated its guidance on how to perform usual hours calculations where employees come off furlough partway through a claim period.
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Market Insight 17 Sep
FLA urges extended Government loan scheme and EV tax breaks
The Finance and Leasing Association (FLA) is set to make submissions urging Government to extend its COVID-19 business lending and introduce tax incentives to boost the adoption of alternative fuel vehicles (AFV).
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Manufacturer 8 SepFord of Britain MD Andy Barratt calls for ‘Minister for Electrification’
Ford of Britain chairman and managing director Andy Barratt has called for the UK Government to appoint a Minister for Electrification to “kick-start” and coordinate a comprehensive electric vehicle (EV) strategy.
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Market Insight 26 AugNBRA calls on Government to extend Coronavirus Job Retention Scheme (CJRS)
The National Body Repair Association (NBRA) has called on Government to extend the Coronavirus Job Retention Scheme (CJRS).
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Market Insight 6 AugAutomotive employers put the brakes on apprenticeship starts
Apprenticeship recruitment in the automotive sector has fallen by 75% in June 2020, compared to 2019, new data from the Department for Education has revealed.
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Finance 3 AugMercedes-Benz Financial Services approved as CLBILS finance support lender
Mercedes-Benz Financial Services (MBFS) has become the first car manufacturer finance house to be approved as a fully-accredited Coronavirus Large Business Interruption Loan Scheme (CLBILS) lender.
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Latest News 29 JulBusinesses must amend online CRJS overclaims within 72 hours, says HMRC
Car dealers are among businesses across the UK who have been told that they must pay back any overclaimed funds from Government’s coronavirus job retention scheme (CJRS) – deleting any online claims made in error within 72 hours.
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Opinion 24 JulGovernment support can 'Kick-Start' car dealers' digital recruitment, opinion
As the motor retail sector emerges nervously from lockdown, dealers are reporting that the shift towards a digitally-led sales model for new and used cars is progressing far more quickly than many might have imagined even just a few months ago.
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Manufacturer 24 JulFord‘s £500m Government loan guarantee to boost exports and EV development
Ford has taken a £650 million loan to boost its investment into the development of electrification and smart mobility solutions in the UK – with the help of a £500m Government loan guarantee.
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Latest News 13 JulCar dealer issues warning after averting £80,000 Bounce Back Loans scam
Car retailers have been warned to be on their guard after a fraudster attempted to scam the James Glen Car Sales out of £41,000 and a Porsche Cayman sports car by exploiting the Government’s Bounce Back Loans (BBL) scheme.
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Market Insight 9 Jul
SMMT ‘bitterly disappointed’ by Chancellor’s omission of automotive stimulus
The Society of Motor Manufacturers and Traders (SMMT) has expressed “bitter disappointment” over the omission of an automotive sector stimulus package in the Chancellor of the Exchequer’s ‘mini budget’.
