Government portal listing the full range of support measures available for UK businesses with information on how to access financial support packages, who is eligible, when the schemes open and how to apply. These cover the Coronavirus Business Interruption Loan Scheme; business rates holiday and cash grants for retail, hospitality and leisure; small business grant funding; SSP rebate; VAT and income tax deferral. There is additional separate guidance for businesses in Scotland, Wales and Northern Ireland.
Help for business in light of coronavirus
Discover vital support available for businesses affected by coronavirus.
Business support from the UK government
Guidance for local authorities setting out details of the Small Business Grants Fund (SBGF) and Retail, Hospitality and Leisure Grant Fund (RHLGF)
Website developed by ICAEW and the British Business Bank offering independent information to business owners, management teams and their advisers. The site features a new guide to support businesses experiencing financial challenges as a result of COVID-19, Economic Uncertainty: Working Capital Solutions.
Summary of the package of measures to support businesses announced by the UK Government including statutory sick pay relief package for SMEs and small business grant funding.
Covid Corporate Financing Facility (CCFF): information for those seeking to participate in the scheme
Comprehensive information on the joint HM Treasury and Bank of England lending facility aimed at supporting larger firms through the purchase of short-term debt. The page includes a Q&A for companies, information for companies thinking of issuing commercial paper, and information for banks acting on behalf of companies.
A checklist from the CICM that identifies where focus should be during the COVID-19 emergency.
If you want clarity on what has been announced so far and what are the common questions being raised, we will look to explore these with regards to grants, loans, employees and self-employed. This webinar covers who is eligible for the Job Retention Scheme; how business rates holidays and cash grant schemes will work; how businesses can borrow from the Business Interruption Loan Scheme;and what ICAEW Chartered Accountants can do now.
Last updated: 30 March 2020. Here’s a quick summary of practical help announced by the government.
This is a first-time exclusive opportunity to hear from the new interim Small Business Commissioner Phillip King and the Office of the Small Business Commissioner.
Details of a new helpline launched in Scotland to provide advice and guidance to businesses. The service also aims to help the Scottish Government identify challenges facing organisations during the coronavirus outbreak.
Details for the new HMRC Coronavirus (COVID-19) helpline launched to offer advice and support to any business or self-employed individuals concerned about paying their tax due to coronavirus.
Announcements of new measures
Official updated guidance on the types of businesses and premises that must remain closed during the COVID-19 pandemic, alongside detailed information about the exceptions. The guidance also gives advice on repair and maintenance work carried out in people's homes by tradespeople.
This temporary exemption from vehicle testing will enable vital services such as business deliveries to continue, frontline workers to get to work, and people to get essential food and medicine.
Information on loans and finance supported by the Coronavirus Business Interruption Loan Scheme, including details of how to apply, a quick eligibility checklist for SMEs and a list of the 40+ accredited lenders. There is a dedicated page for smaller businesses and business advisors.
Update from the Welsh Government on the package of measures announced to support small businesses in Wales.
Announcement by the Scottish Government of a package of measures to support businesses, including a full year's 100% non-domestic rates relief for retail, hospitality and tourism companies and grants for small businesses.
HM Treasury and the Bank of England has announced a Covid Corporate Financing Facility (CCFF) to provide additional help to larger firms to bridge through coronavirus-related disruption to their cash flows. The facility will provide funding to businesses by purchasing commercial paper and will operate for at least 12 months.
Information on measures announced by the Chancellor to support firms. These include a major new scheme launched by the Bank of England to help businesses bridge Coronavirus disruption to their cash flows through loans, increasing the amount businesses can borrow through the Coronavirus Business Interruption Loan Scheme, and £20 billion of business rates support and grant funding to help the most-affected firms.