- The Future Fund continues to divide opinion, with Sifted highlighting ongoing concerns from various stakeholders. Today, 30 founders of British startups that are registered overseas have called on the Treasury to modify the terms.
- Banks issued £5bn of Bounce Back Loans to 16,000 companies in the first three days of the scheme going live.
- The Job Retention Scheme is reportedly to be extended to September at a reduced rate of 60%.
- Regional divides are opening up in business sentiment over prospects (FT covers IHS Market PMI figures)
- Business organisations including CFE, FSB, IoD and the CBI have formed the Business Action Council in response to the crisis.
- E-scooters could be legal in the UK as soon as June. Trials will be fast-tracked to next month and will be offered to all local areas.
- Local heroes: How to sustain community spirit beyond Covid-19 (Vidhya Alakeson, chief executive, Power to Change and Will Brett, campaigns, comms and public affairs consultant)
- What can the Great recession tell us about the likely impact of Covid-19? Stephen Roper, director, Enterprise Research Centre)
- Good entrepreneurs don’t set out to disrupt (Jim McKelvey, co-founder, Square)
- Retro charm of two wheels may not save e-scooters (Elaine Moore, deputy editor, FT)
- The rise of the human-centric CEO (Romeen Sheth, president, Metasys)
- Is small lending too big to fail? Covid-19 and P2P lending to SMEs (Anastasia Ri, research fellow, Enterprise Research Centre and Kamila Suleymenova, lecturer in economics, University of Birmingham)
- BBC: How businesses have adapted to Covid
- Fast Company: How to remake the entrepreneurial spirit in the wake of Covid-19