Corporate Finance

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Natalie Raeside has been footsteps of painter and varnisher for 20 years, following in her father's.

The 36-year-old, a former British Young Decorator of the year, was self-employed and good Enough to tick along. You would never have expected, on the breadline.

But then her 15-year-old daughter, a first-class figure skaters, fell in training and the broken hip.

Natalie, a Single Mother from Ayrshire, took the time to see After Her , only to find you had a job, were restricted by the coronavirus infection. A regular income, The Bills paid, went down to nothing.

"There are a lot of people in the same Position as me, to work successfully, and we never think would be in this situation," she Says .

"I had Enough to get us to March, but Always in the month of April saw hard. "

food on the table

she made an application for universal credit, such as 1. 4 million Other People in Britain in the space of a month. The First advantage of the payment will take five weeks to come through, unless you take a step forward.

she took to organize the telephone, the payment holiday, most significantly for your mortgage. Financial support promised by the government for the self-employed, you will not reach Until June .

Then, on a Facebook group, she learned the Coronavirus Fund from Turn2Us, a charity Grant, which helps people in financial difficulties to access to social benefits, scholarships, and support.

The grants of 500€, which are financed by donations, do not have to be repaid. People applying in a sudden emergency, with less than £1,000 in savings as an individual, or £2,000 for a couple, can.

Natalie was one of The First to benefit from it.

"It has allowed me to pay some bills and, most importantly, to the food," she Says . "My message is that there is help if you ask. "

Where you can help

The help is provided by organisations across The Charity sector, but also through the support of companies, less affected, banks, and credit unions.

Many of the drawing are displayed on the generosity of the spirit, in the neighborhood, such as you are clapping called their support for the national health service and care, and translate that into financial generosity.

The Turn2Us complaint £1 raised. 6m in just three weeks, the go to people in need grants in the form of € 500. The Money is paid within Three Days or less an online application that needs to difficulties of evidence for the existence of an applicant, such as Bank statements.

"It is Always £500 - Enough for food and bills for a couple of weeks until the benefits," Says Thomas Lawson , The Charity 's chief executive.

He Says that, while the support of the government is generous, it will not reach Some People quickly Enough , if at All .

Thomas Lawson Says welfare organisations offer a financial rescue That was, as grant organizations such as the its, as well as the social services needed to step in. We should remind ourselves, he argues, that those who are in job centres on The Front of this crisis.

The Charity , the research suggests, self-employed, single mothers, and 18-to 25-year-old, the already insecure jobs, such as working on zero-hours contracts, were particularly At Risk from the economic impact of the pandemic. Overall, he estimates that 3. 5 million people could make new claims for universal credit.

about 31% of the aid from the organization search does not have Enough money for food now.

"the people on the lowest income are often The Best in dealing with budgets. They want the dignity of work, but there is financial fragility, which Says that for a large number of people," Mr Lawson.

Jonathan Moore , Says that community spirit is the driving credit Union Investment ,

, The fragility also leads to a greater demand for bonds of small amounts of money from credit unions to pay for food, rent and bills.

"If you don't come to us, you could go to loan sharks," Says Jonathan Moore , chief executive of Stockport Credit Union.

the operation is much smaller than the national charity Turn2Us, but the mood is similar.

In an open letter to The Local community, Mr Moore residents and entrepreneurs are asked to invest £1,000 of your savings in The Local credit union. This is not a donation, but an alternative savings account that is fully protected.

The goal is to get 1000 people to money, so that the credit-to give trade Union £1m and the at reasonable interest rates to local people in need. People can.

"It is The Ideal opportunity for people who want to help their community, if you have some money saved for a Rainy Day ," Says Mr Moore.

For those who have seen their incomes fall, and in view of the additional costs of children At Home , a small credit union loan could make a Big Difference , he Says .

'Massive'Thank You '

people and businesses are already investments and donations to help the needy. One of these includes the Corporate Finance company Oakley consulting who donated to Turn2Us.

"Unfortunately, it was not surprising when we heard that The Sheer volume of other calls that you get and turn to the rising demand of their services on the board from their digital services to the thousands of people in order to granted to you for the crisis", said their managing partner Chris Godsmark.

"projects like this are crucial in the fight against the secondary effects of the Corona-Virus that is on people's income and life in General. "

For those who are on the receiving end, it is gratitude.

"I just want to say a massive Thank You to say," Natalie Raeside, who now has The Money to flood the matters over to government financial support.

"I'm so grateful, but I know there are so many Other People in this Position . "

benefits, personal finance, charities, coronavirus lockdown measures, coronavirus pandemic, money

Source of news: bbc.com