Any recovery will depend on high-growth equity-backed startups and scaleups.
By insisting that only businesses that were profitable before the crisis hit can access the loans through the Coronavirus Business Interruption Loans Scheme (CBILS), most startups and scaleups are locked out.
Many early-stage businesses will need further investment in the next few months as their funding runway comes to an end.
Register for the Sifted communityIt’s not just early-stage startups that are frozen out.
To put that in context, that’s around half of all early-stage equity-backed startups in the UK. | To read full story, visit https://startuparound.com/read/1585841405.323487/What-will-it-take-to-save-the-UK’s-startups-and-scaleups??ref=audio_experience