Yorkshire tanker firm receives £250k financial support for help through lockdown
A Yorkshire tanker firm has announced that it has received £250k of financial support from a UK bank to help it through lockdown measures.
Wakefield based Tasca Tankers reported today that it has received support from Barclays through the government backed Coronavirus Business Interruption Scheme (CBILS) in order to maintain its ability to trade through the COVID-19 pandemic.
The business negotiated a £250k CBIL facility, which will cover a shortfall in cash flow enabling no interruption to the supply chain and no impact on current projects and delivery timescales.
Employing over 100 staff on site, the funding has also enabled the business to “confidently” pay its furloughed staff in the knowledge that they will receive funds from HMRC in May.
Shaun Harte, CEO of Tasca Tankers Limited, commented: “When we realised what the impact of COVID-19 would have on our growing business we knew we needed to act quickly to ensure our continued success and to protect the future of our employees.
“Working with the Barclays team, we secured a CBILS loan and the funding was released within three days of our initial application.
“It’s great having someone we trust to explain the details and work through the different options available to us.”
Jacklyn Hersant, Barclays relationship director, added: “It’s been very rewarding working with Shaun and his team to provide funds so they can sustain their business through the current crisis.
“The CBIL funding will enable them to continue to grow the business at pace and we’re delighted to be able to support a valued customer through these challenging times.”
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