On 24 September, Chancellor Rishi Sunak announced a series of new measures to support businesses and employees affected by the ongoing coronavirus situation. These include a new Job Support Scheme, an extension to the Self-Employment Income Support Scheme, more time to pay VAT and tax owing from Self Assessment, and an extension to the hospitality VAT rate cut.
An update on the coronavirus business support initiatives including the Job Retention Scheme, Job Retention Bonus, Self-employed Income Support Scheme and new Local Lockdown grants.
The latest of the government’s financial support initiatives is set to launch next Monday 4 May. The Coronavirus Bounce Back Loan Scheme will help small and medium-sized businesses to apply for loans of up to £50,000.
Have you been unable to access business funding via the CBILS? We have an introductory relationship with one of the UK’s largest independent finance brokers who may be able to source an alternative finance solution to keep your business running.
We have compiled a directory of lenders involved in the government-backed Coronavirus Business Interruption Loan Scheme including links to the relevant pages of their websites.
We now have more details about the support measures that have been announced for businesses and the self-employed affected by the coronavirus situation.
In light of the new restrictions announced on Monday evening, all our offices are now closed temporarily. Be reassured that we are still here and committed to supporting you throughout this difficult and unprecedented situation.