TheCityUK Recapitalisation Group (RCG) ‘Supporting UK economic recovery – recapitalising businesses post Covid-19’ report published
This morning TheCityUK, supported by EY, launched the final report of TheCityUK Recapitalisation Group (RCG): ‘Supporting UK economic recovery – recapitalising businesses post Covid-19’.
The report highlights the number of jobs and small and medium-sized enterprises (SMEs) at risk if urgent action isn’t taken to tackle the projected £35bn of unsustainable debt that could result from Covid-19 loans. It also sets out a series of far-reaching options for converting, restructuring and repaying this debt to help hundreds of thousands of SMEs get back on their feet, which would save millions of jobs, protect taxpayer money, and help power Britain’s economic recovery and future growth. You can read about the options proposed here https://bit.ly/3exwFr3