Business Continuity

Local authorities have been provided with additional funding for small businesses who have not been eligible for the current grant schemes.  Eligibility criteria will be set for the funding but local authorities need to use their local knowledge and discretion … Continued

Applications are now open for a Bounce Back loan This scheme will help small and medium-sized businesses affected by coronavirus (COVID-19) to apply for loans of up to £50,000. – Borrow between £2,000 and £50,000 – Easy 7 questions online … Continued

What is Furlough? The Government have introduced a job retention scheme. This will enable businesses to recover 80% of wage costs for employees on ‘furlough leave’. Furlough leave is a new class of indefinite leave for employees and the government … Continued

The government have created a new ‘support finder’ which will help businesses and self-employed find out what financial support is available to you during the coronavirus pandemic. It will take under 1 minute to complete and will signpost you to … Continued

The Coronavirus Business Interruption Loan Scheme is open for applications. It supports a wide range of business finance products, including term loans, overdrafts, invoice finance and asset finance facilities and can provide facilities of up to £5m for smaller businesses … Continued

HMRC have updated their guidance around the Self-employed Income support Scheme. The updates include: 1. Detail of the treatment of losses, averaging and multiple trades 2. Clarifications on the calculation of self-employed profits and what is meant by total income … Continued