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Support for businesses through the Coronavirus Business Interruption Loan Scheme

Posted: March 19, 2020

A new temporary Coronavirus Business Interruption Loan Scheme, delivered by the British Business Bank, will launch next week to support primarily small and medium sized businesses to access bank lending and overdrafts. The government will provide lenders with a guarantee of 80% on each loan (subject to a per-lender cap on claims) to give lenders […]

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Support for businesses that pay little or no business rates

Posted: March 19, 2020

The government will provide additional funding for local authorities to support small businesses that already pay little or no business rates because of small business rate relief (SBBR). This will provide a one-off grant of £10,000 to businesses currently eligible for SBRR or rural rate relief, to help meet their ongoing business costs. If your […]

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The Chancellor’s help package to businesses

Posted: March 19, 2020

The Chancellor 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. This includes a package of measures to support businesses including: A statutory sick pay relief package for SMEs A 12-month business rates holiday for all retail, hospitality […]

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