06 Nov Government Business Support
Business support information can be found HERE.
The Coronavirus Job Retention Scheme, known as the furlough scheme – More Info HERE.
This scheme will remain open until December, with employees receiving 80% of their current salary for hours not worked, up to a maximum of £2,500. The Job Support Scheme will not be introduced until after the Coronavirus Job Retention Scheme ends.
Self-Employment Income Support Scheme Grant Extension– More Info HERE.
Business premises forced to close in England due to local or national restrictions will be eligible for the following:
• For properties with a rateable value of £15k or under, grants to be £1,334 per month, or £667 per two weeks
•For properties with a rateable value of between £15k-£51k grants to be £2,000 per month, or £1,000 per two weeks
• For properties with a rateable value of £51k or over grants to be £3,000 per month, or £1,500 per two weeks.
Business Loan Scheme
The application deadlines for the Coronavirus Bounce Back Loan (HERE), Coronavirus Business Interruption Loan (HERE), Coronavirus Large Business Interruption Loan Scheme (HERE) and Coronavirus Future Fund (HERE) have been extended until 31 January 2021.