Chancellor Rishi Sunak has announced a new business loan scheme for small businesses, named the Bounce Back Loan Scheme, because businesses are needing help during the Covid-19 crisis. Business Loans can be between £2,000 and £50,000 Up to 25% of business turnover 6 year term at 2.5% interest, with the government covering the first year […]
Advice for the self employed impacted by the Covid-19 related lockdown. The Self Employed Income Support Scheme (SEISS) will give self employed individuals a grant of up to 80% of average monthly profits up to a maximum of £2,500 per month. In simple terms: The initial period of the scheme is for three months The […]
Below are links to the official sources of Covid related Financial Support Information for Businesses. Business Support Hub Summary hub for all business support: https://www.gov.uk/coronavirus/business-support Business Eligibility Tool Useful tool to find out what your business might be eligible for: https://www.gov.uk/business-coronavirus-support-finder Job Retention Scheme Claim for furloughed staff here: https://www.gov.uk/guidance/claim-for-wages-through-the-coronavirus-job-retention-scheme Coronavirus Business Interruption Loan Scheme […]