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