Covid-19 Announced Measures
Posted on November 06, 2020

The government announced measures to support individuals and businesses, which included:

  • Coronavirus Job Retention Scheme for furloughed employees (CJRS).
  • Self-employed Income Support Scheme (SEISS)
  • Deferring VAT and Income Tax payments
  • Statutory Sick Pay relief package for SMEs
  • A business rates holiday for all retail, hospitality and leisure businesses in England
  • Small business grant of £10,000 for all business in receipt of small business rate relief (SBRR) or rural rate relief (RRR), or;
  • Grant of either £10,000 for retail, hospitality and leisure businesses with property with a rateable value of up to £15,000 or £25,000 for those 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
  • The Bounce Back Loan scheme offering loans between £2,000 and £50,000
  • The Recovery Loan Scheme offering loans up to £2 million per business

Most of the above schemes have now finished but if you do require further guidance then please contact us.