COVID-19 (Coronavirus) - Business Support

Help and advice to understand the schemes available to you and your business.

The Chancellor has set out a package of temporary, timely and targeted measures to support public services, people and businesses through this period of disruption caused by COVID-19.

This includes a package of measures to support businesses including:

Job Retention Scheme (HMRC will reimburse 80% of furloughed workers wage costs)
Self-Employed
Deferring VAT payments
Deferring Income Tax payments
Business Tax – Time to Pay Scheme
Statutory Sick Pay relief package for SMEs
Business rates holiday for 12 months for all retail, hospitality and leisure businesses in England
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
Business Interruption Loan Scheme offering loans of up to £5 million for SMEs through the British Business Bank
Bank of England lending facility to help support liquidity among larger firms, helping them bridge coronavirus disruption to their cash flows through loans
Increase to Working Tax Credits
Universal Credit
Mortgage Holiday for 3 months.
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