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Business Bounce Back Loan – FAQ’s

The Bounce Back Loan Scheme is a new scheme introduced to help smaller businesses impacted by coronavirus (COVID-19). It aims to assist those businesses to borrow between £2,000 up to 25% of a business’ turnover (the maximum amount available is £50,000).

GROWING YOUR BUSINESS AFTER LOCKDOWN

Now is the time to think about how you are going to grow your business after the lockdown.

JOB RETENTION SCHEME - Frequently Asked Questions – Q31 to Q48

Any entity with a UK payroll can apply, including businesses, charities, recruitment agencies and public authorities.

HOW TO CLAIM FOR YOUR EMPLOYEES' WAGES THROUGH THE CORONAVIRUS JOB RETENTION SCHEME (CJRS)

The Government recently provided more details on how the CJRS works. Please note the online service you will use to claim is not open yet – we will let you know when it is. We have the capability to calculate and submit your CJRS Claim so please let us know if we can help.

CORONAVIRUS JOB RETENTION SCHEME (CJRS) – OTHER WORKERS

guidance on Apprentices, public sector organisations, individuals, administrators, LLP’s, eligible individuals who are not employees, office holders, company directors, agency workers, Limb(b) workers, contingent workers etc.

GUIDANCE NOTES ON PAYMENTS FOR CONTINGENT WORKERS IMPACTED BY COVID-19

The Cabinet has produced guidance notes for “Contingent Workers” impacted by COVID-19
This gives Public sector contractors access to the 80% furlough scheme.

First Government-Backed Loans Reach Firms In Need

Chancellor Strengthens Support On Offer For Business As First Government-Backed Loans Reach Firms In Need

BUSINESS RATES RELIEF AND RELATED GOVERNMENT SUPPORT

Business Secretary Alok Sharma gave the 1 April 2020 daily press briefing on the government's response to the COVID-19 pandemic.

GOVERNMENT RELAXATION OF FINANCIAL SOLVENCY RULES DURING PANDEMIC

The government plans to introduce emergency changes to overhaul insolvency laws and give “breathing space” to companies hit by the coronavirus crisis, Alok Sharma, the business secretary has announced, in a move to help prevent mass failures.

Universal Credit / Benefits Calculator

If you want to check what benefits you are entitled to the Government recommends using an independent calculator to find out:

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