Small and medium sized hauliers hit by the impact of the COVID-19 pandemic can apply for a government-guaranteed loan of up to £50,000 from next week. Dubbed the Bounce Back Loan Scheme (BBLS), it will enable SMEs to borrow between £2,000 and £50,000 over a six-year period, with no fees or interest to pay for the first 12 months. This new scheme, which has a 100% government-backed guarantee for lenders, is seen as a faster way to access money than […]
The closure of the Forth Bridge will have cost the industry an estimated £16m by the new year, despite the DfT’s decison to relax drivers’ hour laws.
The government has rejected the idea of extending student loans for funding licence acquisition, saying it was “not appropriate”.
Ministers have agreed to increase funding for HGV apprenticeships to £7,000, after the road haulage Trailblazer Group (TBG) rejected the previously announced level of £6,000.