CoronavirusRetailers

Covid-19 relief package saves family jewellers

Sinclairs, the family-run jewellers in Inverurie, has secured £125,000 from the Coronavirus Business Loan Scheme (CBLS) to support the firm as it navigates the financial impact of the pandemic.

The business is headed by Ian and Debbie Sinclair, whose family has managed the jewellers for over 40 years.

The financial assistance, provided by the Royal Bank of Scotland, allowed Sinclairs to safeguard the jobs of all 30 members of staff.

Sinclairs reopened in late June and was eligible for the government’s Eat Out to Help Out scheme due to its dine-in restaurant.

Ian Sinclair said: ‘‘At an incredibly uncertain time, Royal Bank of Scotland stepped in quickly to set up the support we needed to keep going, without asking us to jump through hoops. Thanks to them and our accountant, Alec Rennie, the whole process was seamless and really helped to ease the financial pressure we felt at the beginning of the pandemic.

‘‘It allowed us to build and replenish our stock and retain all our staff, so we were in a prime position to re-open when the time was right. The response since we opened our doors back up to the public has been a pleasant surprise, so we’re hopeful of things to come.’’

David Snell, senior relationship manager at Royal Bank of Scotland, said: ‘‘Having banked with us for nearly 20 years, it’s clear to see that Sinclairs has established itself as a community favourite over the decades. 

‘‘The pandemic certainly caused some stress and worry for the family, so I’m thrilled we were able to quickly secure the required funding to safeguard jobs and ensure the business was primed to recover.’’

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