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Covid-19 government updates

Updates from 1 June On Friday 29 May, Chancellor Rishi Sunak announced a “second and final grant” under the self-employed income support scheme, with applications to open in August. The second grant will cover 70% of average monthly trading profits for three months,...

Covid-19 27 April government update

Chancellor Rishi Sunak announced a new micro-loan scheme called Bounce Back Loans, which offers loans of 25% of a business’s turnover, up to a maximum of £50,000, with the Government paying 100% of the interest for the first twelve months. Sunak promised there will be...

Covid-19 20 April government update

A new scheme to support startups, called the Future Fund, was announced by Chancellor Rishi Sunak yesterday, 19 April. The £1.25 billion fund is designed to help firms not eligible for funding through existing coronavirus support schemes. It will provide loans to...

Covid-19 update

Self -employed   HMRC have published further guidance on help for the self-employed:   https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme   HMRC aim to contact those to whom it applies by Mid May, and make...

Covid-19 government update

Updates from 3 April The coronavirus business interruption loan scheme for struggling businesses has been revamped. In addition to the previous offering, it will offer state-backed loans of up to £25 million for larger firms with turnover of between £45m and £500m. UK...

Covid-19 27 March government update

Full guidance has now been published setting out how businesses can claim through the coronavirus job retention scheme. Some key details are as follows: Only employers that created and started a PAYE payroll scheme on or before 28 February 2020 are eligible. The...

Covid-19 26 March government update

26 March: Support for self-employed people, at last Having been under pressure for the past week, Chancellor Rishi Sunak has announced measures to support self-employed people whose earnings have been affected by the coronavirus outbreak. Self-employed income support...

Covid-19 government updates so far

Updates from Wednesday 25 March Further to the news below that Companies House would automatically be giving those who need it a two-month extension on filing their accounts, the Government has now confirmed an automatic three-month extension for businesses that need...

Covid-19 further guidance

The government has today updated their guidance for support for businesses. The guidance gives further details regarding eligibility and how to access the various schemes:  ...

Covid-19 update

The government has issued updated information on support provided to businesses, please see the link below :  https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses  Please read the information in...

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