Posts tagged “government support”

On Friday 20th March 2020 the Chancellor set out a package of measures to support public services, people and businesses through the period of disruption caused by COVID-19. 
The package of measures to support businesses includes: 
• Coronavirus Job Retention Scheme 
• Deferring VAT and Income Tax payments 
• 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 
• HMRC Time To Pay Scheme 
We will keep you informed about the details of each of these packages and how to apply. Be safe and stay strong! 
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