News

CORONAVIRUS - Government Support Initiatives

Please see below a list of assistant being offered to businesses by the Government

  • A Statutory Sick Pay relief package for SMEs
  • A 12-month business rates holiday for all retail, hospitality and leisure businesses in England
  • Small business grant funding of £10,000 for all business in receipt of small business rate relief or rural rate relief
  • Grant funding of £25,000 for retail, hospitality and leisure businesses with property with a rateable value between £15,000 and £51,000
  • The Coronavirus Business Interruption Loan Scheme offering loans of up to £5 million for SMEs through the British Business Bank
  • A new lending facility from the Bank of England to help support liquidity among larger firms, helping them bridge Coronavirus disruption to their cash flows through loans
  • The HMRC Time To Pay Scheme
  • Coronavirus Job Retention Scheme
  • Deferring VAT and Income Tax payment
  • Protection from eviction
  • ‘Empty’ business rates relief
  • Self-employment Income Support Scheme
  • Employee expenses
  • Insolvency rules
  • Workplace pensions
  • Employee expenses – Cars
  • Coronavirus Large Business Interruption Loan Scheme

Friday, 24th April, 2020