While much of Starling's business-banking activity has been centered on responding to the pandemic, its new moves represent more forward-looking initiatives
since January. The toolkit — which will be free for three months for those who sign up before July 31, 2020, and £7 per month after that — carries a range of benefits, including helping users calculate and submit VAT returns and estimating the money sole traders need to set aside for costs like self-employment income tax.
Starling is also applying for two grants from the Banking Competition Remedies fund. The two grants, worth £35 million and £25 million , are part of the BCR's £775 million "alternative remedies" fund set up by the Royal Bank of Scotland to encourage competition in the UK banking market, Yahoo Finance.
While much of Starling's business-banking activity in recent months has been centered on responding to the coronavirus pandemic, these moves represent more forward-looking initiatives. The neobank's crisis response has been rapid and thorough: It is under two major UK government-backed relief programs, the Coronavirus Business Interruption Loan Scheme and the Bounce Back Loan Scheme.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
British Film Institute Sets COVID-19 Support Fund for Sales CompaniesThe British Film Institute has launched a new $625,000 COVID-19 support fund to help sales companies adapt to new business practices. Details:
Read more »
8 ways to look like a millionaire, even if you're not - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
4 things you should consider if you're thinking about starting a business right now - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Report: Money can buy business, led to Trump's election - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
How a 36-year-old booze business owner grew sales during the pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Uber launches grocery delivery in Latin America, Canada with U.S. to followUber Technologies Inc on Tuesday further expanded delivery offerings, launching an app-based grocery service in several Latin American and Canadian cities, with the United States to follow later this month.
Read more »