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Covid-19 & business

40m · We Need To Talk · 10 Jul 07:00

We’re approaching our 12th week of lockdown and we still don’t know if and when we can expect things to get back to ‘business as usual’. And talking of business, many businesses have seen a big hit to their profits during this period. Some have accessed government support through the furlough scheme, but perhaps less talked about so far is the Covid Corporate Financing Facility, a Bank of England fund that provides companies with money to help them stay in business. 

Tottenham Hotspur, Westfield shopping centre in London, and the German chemical firm Bayer have all received bailouts from the fund, and according to research from Positive Money, as of June 3 firms are borrowing £16.186bn from the fund, with the central bank giving the go-ahead for a total of £67.7bn so far. 

We’re here today to get a clearer picture of what covid-19 has meant for businesses, including finding out more about these bailouts, what the impacts of them will be, and in whose interests they are. Joining our host Clare Birkett is Fran Boait, Executive Director of Positive Money, a non-profit think tank that campaigns for systemic change of the money and banking system to support a fair, sustainable, and democratic economy. In conversation with Fran is Sam Dumitriu, Research Director at the Entrepreneurs Network.


The episode Covid-19 & business from the podcast We Need To Talk has a duration of 40:31. It was first published 10 Jul 07:00. The cover art and the content belong to their respective owners.

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Covid-19 & communities

Over lockdown, we’ve seen informal community support groups spring into action; thousands of people coming together to offer their help to deliver food, collect medical prescriptions and provide shopping assistance to some of the most vulnerable people across the UK. Universities, town halls and places of worship have become sites of support, as well as sporadic online mutual aid groups.

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In conversation with our host Clare Birkett is Karen Cheney, Head of Service for Birmingham Council's Neighbourhood Development and Support Unit, Simon Kaye, Senior Policy Researcher at the New Local Government Network, and Jasmine Lowe, a London resident who has been involved in community efforts during this crisis through the Muslim Welfare House. 



Covid-19 & business

We’re approaching our 12th week of lockdown and we still don’t know if and when we can expect things to get back to ‘business as usual’. And talking of business, many businesses have seen a big hit to their profits during this period. Some have accessed government support through the furlough scheme, but perhaps less talked about so far is the Covid Corporate Financing Facility, a Bank of England fund that provides companies with money to help them stay in business. 

Tottenham Hotspur, Westfield shopping centre in London, and the German chemical firm Bayer have all received bailouts from the fund, and according to research from Positive Money, as of June 3 firms are borrowing £16.186bn from the fund, with the central bank giving the go-ahead for a total of £67.7bn so far. 

We’re here today to get a clearer picture of what covid-19 has meant for businesses, including finding out more about these bailouts, what the impacts of them will be, and in whose interests they are. Joining our host Clare Birkett is Fran Boait, Executive Director of Positive Money, a non-profit think tank that campaigns for systemic change of the money and banking system to support a fair, sustainable, and democratic economy. In conversation with Fran is Sam Dumitriu, Research Director at the Entrepreneurs Network.


Covid-19 & business

We’re approaching our 12th week of lockdown and we still don’t know if and when we can expect things to get back to ‘business as usual’. And talking of business, many businesses have seen a big hit to their profits during this period. Some have accessed government support through the furlough scheme, but perhaps less talked about so far is the Covid Corporate Financing Facility, a Bank of England fund that provides companies with money to help them stay in business. 

Tottenham Hotspur, Westfield shopping centre in London, and the German chemical firm Bayer have all received bailouts from the fund, and according to research from Positive Money, as of June 3 firms are borrowing £16.186bn from the fund, with the central bank giving the go-ahead for a total of £67.7bn so far. 

We’re here today to get a clearer picture of what covid-19 has meant for businesses, including finding out more about these bailouts, what the impacts of them will be, and in whose interests they are. Joining our host Clare Birkett is Fran Boait, Executive Director of Positive Money, a non-profit think tank that campaigns for systemic change of the money and banking system to support a fair, sustainable, and democratic economy. In conversation with Fran is Sam Dumitriu, Research Director at the Entrepreneurs Network.

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