As the UK economy begins to reopen and businesses undertake the challenging task of rebuilding from the impact of the pandemic, they are being encouraged to make use of the new Recovery Loan Scheme. The Recovery Loan Scheme is a Government-backed finance scheme that has replaced the previous Coronavirus Business Interruption Loan Scheme (CBILS) and…
Businesses in Stoke are being given the opportunity to access up to £10,000 through the new Powering Up Digital Stoke Business Grant Scheme. This new funding is being made available to cover the cost of professional services, used in the recovery of local businesses, as well as capital expenses, such as laptops, software and systems,…
HM Revenue & Customs (HMRC) is now contacting self-employed individuals who could be eligible for the fourth round of the Government’s Self-Employment Income Support Scheme (SEISS). The fourth round of the scheme covers the period from 1 February 2021 to 30 April 2021 and is worth 80 per cent of three months’ average trading profits,…
Businesses in the non-essential retail, hospitality, leisure, personal care and accommodation sectors can now access one-off cash grants of up to £18,000 from their local council. The Restart Grant scheme opened nationally on 1 April 2021 and is now being rolled out by local authorities across England. Eligible businesses will be paid: a one-off grant of up…
More than £7.8 billion in grant funding has been delivered to small businesses through local authority grant schemes, it has been revealed.
The Government has announced changes to the Bounce Back Loan Scheme (BBLS) available to small businesses in the UK that will give companies longer to repay what they have borrowed. Around 1.4 million small and medium-sized businesses have taken out a loan since they were introduced last year, amounting to around £45 billion of financial…
Business owners who took out an early coronavirus loan have more than £1.2 billion of personal guarantees on the line, a major study has revealed.
Any applications for the latest round of the Self Employment Income Support Scheme (SEISS) must be submitted by the deadline on 29 January 2021. This grant offers a taxable support payment equal to 80 per cent of the average of three months’ trading profits (up to a maximum of £7,500) to eligible individuals. If you…
More than 370,000 small businesses in England and Wales could be due a payout on their business interruption insurance after the Supreme Court ruled in favour of payments being made on previously refused claims and policies. A number of insurers have lost an appeal against an earlier ruling, brought in a test case by the…
Download our latest guide to make sure you are taking advantage of the support on offer As we enter yet another national lockdown, businesses may be concerned about their ability to survive and succeed in the weeks and months ahead. The level of support on offer from the Government and local authorities is unprecedented via…