How Do You Access The New Support Measures Introduced By The UK Government For UK Business Effected By Covid-19?

Posted 2nd April 2020

Government Support

 

  • The £330bn of support announced by the chancellor will be made available to UK Business via the banks. Contact your bank or lending provider regarding access to the scheme
  • The business interruption loan scheme is a loan up to £5m interest-free for 6 months to help businesses with the impact of Covid-19. This will be delivered through the British Business Bank and was available from the 23rd March 2020
  • The grants for smaller businesses of up to £10k will be channelled through local authorities. If you think you may need this support, speak to your local authority
  • Business rates are cut and will automatically be applied
  • Most banks have launched a working capital support facility so speak to them if you need this
  • R&D tax credit scheme
  • Claim for your employee’s wages through the Coronavirus Job Retention Scheme

https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme

Small Business Loan

Find out if you’re eligible and how much you can claim to cover wages for employees on temporary leave (“furlough”) due to coronavirus (COVID-19).

The online service will not be available until the end of April, so until then use E-Sign’s fast form to complete your application:

https://furloughed-worker.herokuapp.com/

Simply create an e-sign account and email info@e-sign.co.uk letting us know you need to link the form to your account.

Business Loan scheme

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