The government has announced that businesses who took out Bounce Back loans to get through the pandemic will have greater flexibility to pay back what they borrowed. Pay as you grow will allow borrowers the option to tailor payments according to their individual circumstances and delay repaying for a further 6 months.
The government has extended the Self-Employment Income Support Scheme for self-employed people affected by coronavirus. The current (third) SEISS grant covers the period from 1 November to 29 January 2021.
The government has announced a new coronavirus grant fund to help small and micro businesses with fixed property costs who are not eligible for the Small Business Grant Fund or the Retail, Hospitality and Leisure Grant Fund.
Back in April, the government announced financial support for the self-employed in the form of free, taxable grants to be paid in June. It is now time to check whether you are eligible to make a claim when applications for the Self-employment Income Support Scheme open from 13 May.