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Support for businesses - do you know what to claim?

There have been a number of support schemes put in place by the government to help business during the current crisis. Here is the latest news with links to more detailed information.

1. SMALL BUSINESS DISCRETIONARY GRANT PAYMENTS

Local authorities have been making grant payments to those eligible businesses.The Government has announced a discretionary fund has been set up to accommodate certain small businesses previously outside the scope of the business grant funds scheme.

Click here for details.

2. CORONAVIRUS BUSINESS INTERRUPTION LOAN SCHEME

This week seven of the largest lenders to UK SMEs have written an open letter stating a key change to the CBILS application process.

See update.

Also today a new Bounce Back Loan Scheme has been made available with 100% government guarantee. 

Full details here.

3. SELF-EMPLOYED INCOME SUPPORT SCHEME

On Friday 1 May 2020 the Government issued the legislation by way of a Direction to introduce the Self-Employed Income Support Scheme. At the same time HMRC issued more detailed guidance on the operation of the scheme.

More information.



 

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