The Digital Development Loan Category: COVID-19Technology - Posted On: Sep 1 2020 The COVID-19 pandemic has changed the way businesses operate. Whether it’s more health and safety measures on site, meeting clients over Zoom, or working from home – technology has proved to be a valuable asset in surviving the pandemic. The pandemics disruption of supply chains can result in significant loss of revenue but investing in the digital capabilities of a business can enable businesses to survive now and thrive in the future. The Digital Development Loan, provided by the Scottish Government, is available to all business sectors and can be used to improve digital capacity or update the digital skills of your staff. The main criteria of the loan fund is as follows: Available to small to medium enterprises A need to improve your digital capabilities and processes in areas such as a new accounting system, cyber security, data analytics, software engineering and digital skills development Loans from £5,000 and £100,000 Interest free payments 3 month to 5 year terms No administration fee No penalties for early settlement As mentioned in our previous article, the Digital Development Loan has been available for some time now but there may now be a slight increase in the loan processing time frames due to a greater demand. You can read more about the Digital Development Loan, and how to apply, here. Our EQ Technology specialists can help provide cash flow projections, assess your business plan to identify the support/funding you require and act as an intermediary with financiers including Government Agencies. If you would like to discuss further how we can support your business needs, please email EQ Technology team on technology@eqaccountants.co.uk. or contact one of our offices. All News View the latest news stories from all of our sectors. View All News News by category View the latest news stories from a specific sector. COVID-19 EQ News People Experienced Professional Graduate Intern RGU Placement School & College Leaver Services Audit & Reporting Corporate Finance EQ Accounting Bookkeeping Cloud Accounting Management Accounts Payroll Taxation International Tax Making Tax Digital Personal Tax Specialisms Agriculture Charities Engineering & Manufacturing Healthcare Leisure Food & Drink Professions Property & Construction Technology
The Digital Development Loan Category: COVID-19Technology - Posted On: Sep 1 2020 The COVID-19 pandemic has changed the way businesses operate. Whether it’s more health and safety measures on site, meeting clients over Zoom, or working from home – technology has proved to be a valuable asset in surviving the pandemic. The pandemics disruption of supply chains can result in significant loss of revenue but investing in the digital capabilities of a business can enable businesses to survive now and thrive in the future. The Digital Development Loan, provided by the Scottish Government, is available to all business sectors and can be used to improve digital capacity or update the digital skills of your staff. The main criteria of the loan fund is as follows: Available to small to medium enterprises A need to improve your digital capabilities and processes in areas such as a new accounting system, cyber security, data analytics, software engineering and digital skills development Loans from £5,000 and £100,000 Interest free payments 3 month to 5 year terms No administration fee No penalties for early settlement As mentioned in our previous article, the Digital Development Loan has been available for some time now but there may now be a slight increase in the loan processing time frames due to a greater demand. You can read more about the Digital Development Loan, and how to apply, here. Our EQ Technology specialists can help provide cash flow projections, assess your business plan to identify the support/funding you require and act as an intermediary with financiers including Government Agencies. If you would like to discuss further how we can support your business needs, please email EQ Technology team on technology@eqaccountants.co.uk. or contact one of our offices. All News View the latest news stories from all of our sectors. View All News News by category View the latest news stories from a specific sector. COVID-19 EQ News People Experienced Professional Graduate Intern RGU Placement School & College Leaver Services Audit & Reporting Corporate Finance EQ Accounting Bookkeeping Cloud Accounting Management Accounts Payroll Taxation International Tax Making Tax Digital Personal Tax Specialisms Agriculture Charities Engineering & Manufacturing Healthcare Leisure Food & Drink Professions Property & Construction Technology