The devolved administrations in Scotland, Northern Ireland and Wales will receive a minimum of £3.7 billion in additional funding this year, on top of the £8.9 billion confirmed since March to support the coronavirus recovery, the UK government has announced. Government says the move gives Scotland, Wales and Northern Ireland the certainty to ensure they...
You can now watch videos and register for free webinars to learn more about the support available to help your business deal with the economic impacts of coronavirus. Follow the link below to watch a YouTube video about the Coronavirus Job Retention Scheme (CJRS). The video gives guidance on the Job Retention Scheme which helps support businesses...
As part of the government’s support for businesses during COVID-19, HMRC gave businesses the option of deferring their VAT payments if they were unable to pay on time, without incurring late payment interest or penalties. Payment of VAT falling due between 20 March and 30 June 2020 can be deferred until 31 March 2021. HMRC...
Government has announced that businesses will be able to borrow between £2,000 and £50,000, and access the cash within days. Loans will be interest free for the first 12 months, and businesses can apply online through a short, simple form. Chancellor Rishi Sunak said the new Bounce Back Loans scheme will help bolster the existing...
Coronavirus (COVID-19) support is available to many businesses; loans, tax relief and cash grants are all available from Government. Employers can apply for staff to get up to 80% pay if they can’t work and the self-employed can receive up to £2,500 per month in grants for at least 3 months. Head to the .gov...
The government has announced unprecedented support for businesses to deal with the economic impacts of coronavirus. This explains what support is available to businesses of all sizes, from access to finance, to deferred payments and support for employees. COVID-10 Corporate Financing Facility (CFFC) – larger businesses The Covid-19 Corporate Financing Facility (CCFF) is backed by...
In response to the Coronavirus, Covid-19, the Government announced there would be support for small businesses, and businesses in the retail, hospitality and leisure sectors. This support will take the form of two grant funding schemes, the Small Business Grant Fund (SBGF) and the Retail, Hospitality and Leisure Grant Fund (RHLGF). The schemes will be...
Businesses in the retail, hospitality and leisure sectors in England* will not have to pay business rates for this year. Your business will be eligible if it is based in England and is in the sectors mentioned above (including some distributors and most dealerships). Businesses do not need to act as local authorities will apply...
The Coronavirus Business Interruption Loan Scheme (CBILS) supports small and medium-sized businesses, with an annual turnover of up to £45 million, to access loans, overdrafts, invoice finance and asset finance of up to £5 million for up to 6 years. The government will also make a Business Interruption Payment to cover the first 12 months...
The recently announced CLBILS aims to support large businesses, and is now open for applications. It provides a government guarantee of 80% to enable banks to make loans of up to £25m to firms with an annual turnover of between £45m and £500m. It will support a wide range of businesses to access finance products...