GOVERNMENT SUPPORT

The Government has set out a package of temporary, timely and targeted measures to support public services, people and businesses through this period of disruption caused by COVID-19. Find out more about the support packages that have been made available.

 

New Government guidance has been issued to support employers to get their businesses back up and running. The government, in consultation with industry, has produced the guidance to help ensure workplaces are operating as safely as possible. There are 8 guides covering a range of different types of work.

Click here to find out more.

BUSINESS GRANTS

Visit our Business Grants page to find out about the Government’s new business grant funding in response to the COVID-19 outbreak.

 

There are two funding programmes available:

  • The Small Business Grant Fund, or
  • The Retail, Hospitality and Leisure Grant Fund

 

You don’t need to make an application to receive funding but, if you meet the criteria, you’ll need to provide some information to us – including your bank details – so the grants can be paid directly into your account. Find out more here.

GOVERNMENT SUPPORT TOOL

A new support finder tool has been launched by the Government to help businesses and self-employed people across the UK quickly and easily determine what financial support is available to them during the coronavirus pandemic, click to find out more

THE CORONAVIRUS JOB RETENTION SCHEME

This scheme has been established to help businesses cover wages for employees on temporary leave (furlough) due to coronavirus, click to find out more.

THE SELF-EMPLOYMENT INCOME SUPPORT SCHEME

This scheme is to support the self-employed in the UK who have lost income due to coronavirus. The scheme will allow you to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 a month, click to find out more.

THE CORONAVIRUS BOUNCE BACK LOAN

The Bounce Back Loan scheme will support small and medium-sized businesses to borrow £2,000 and £50,000. The government guarantees 100% of the loan and there won’t be any fees or interest to pay for the first 12 months. Loan terms will be up to 6 years with no repayments due during the first 12 months. The government will work with lenders to agree a low rate of interest for the remaining period of the loan. The scheme will be delivered through a network of accredited lenders.

Find out more about the scheme and check if you’re eligible here.

THE CORONAVIRUS BUSINESS INTERRUPTION LOAN SCHEME

The Coronavirus Business Interruption Loan Scheme (CBILS) is now available through participating lenders to support SMEs across the UK that are losing revenue, and seeing their cashflow disrupted, as a result of the COVID-19 outbreak. Click here to find out more.

SENDING YOUR FORMS DIGITALLY TO COMPANIES HOUSE DURING THE CORONAVIRUS OUTBREAK

As an emergency response to coronavirus (COVID-19), the Government has developed a temporary online service to upload a number of completed forms and send them to Companies House digitally.

 

Click here to find out more.

FREE ONLINE COURSES THROUGH THE SKILLS TOOLKIT

The Government has launched The Skills Toolkit to provide free digital and numeracy courses online for people to complete during lock down.

 

Digital and numeracy skills are amongst those that are most sought after by employers, and can help you progress in work and boost your job prospects. Digital skills can be anything from using social media and staying safe online to coding, programming or digital marketing.

 

You can choose from a selection of high quality courses put together in collaboration with experts. Find a level and time to study that’s right for you. The Skills Toolkit makes it easy for you to boost your skills.

 

Click here to find the right course for you.

OTHER MEASURES AVAILABLE

  • Statutory Sick Pay relief package for small and medium sized businesses (SMEs)
  • 12-month business rates holiday for all retail, hospitality, leisure and nursery businesses in England
  • Deferring VAT and Self-Assessment payments
  • 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
  • The HMRC Time To Pay Scheme

 

Find out more about each of these support measures here.

Contact Us

Want to talk? Call us, send an email or fill in our contact form and we’ll get straight back to you.

InvestSK, St Peter’s Hill, Grantham, NG31 6PZ