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The Society of Motor Manufacturers and Traders (SMMT) Charitable Trust Fund today launched the SMMT Apprentice Support Programme, designed to help safeguard the jobs of apprentices currently working within the automotive industry.
The scheme comes as the government-funded furlough scheme is poised to end in a month’s time, to be replaced by new measures to support short time working....

Barclays Business Banking has partnered with asset finance provider Propel to offer equipment and vehicle finance to SME customers via an online platform.
The bank’s network of 1,100 UK relationship managers will connect directly to Propel’s online portal, which gives credit decisions up to £100,000 for SMEs. This will allow businesses to be able to make equipment purchases up to £2m, with funds often...

One in four dealers have used short-term finance options, such as government-backed Covid-19 recovery loans and overdrafts, to pay for stock since reopening.
This is according to the latest dealer sentiment survey from NextGear Capital, which found that 13% of dealers have used the Bounce Back Loan Scheme or Coronavirus Business Interruption Loan Scheme to stock up their forecourts since 1 June....

Nathan Coe, chief executive of Auto Trader, has commented on the government’s latest Covid measures, stating there are reasons to be positive ahead of the next phase of lockdown.
“Since the emergence of Covid, we have been monitoring the market and consumer buying behaviour, sharing key insights along the way to support and guide our customers,” said Coe. “We’ve seen record audience levels over the summer, traffic was up 30%...