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Government launches small business micro loan scheme
On 4 May 2020 the government launched a micro loan scheme for small businesses as it continues to try and mitigate the economic damage caused by the coronavirus (COVID-19) lockdown. The Bounce Back Loan Scheme…
Lenders relax evidence requirements for business interruption loan scheme applications
On 27 April 2020 the UK's seven largest small business lenders announced they had relaxed their evidence requirements for applications to the Coronavirus Business Interruption Loan Scheme (CBILS). The lenders will use their own information…
Job Retention Scheme goes live
On 20 April 2020 the government's Coronavirus Job Retention Scheme went live for applications. The scheme allows businesses to furlough their employees, with the government paying 80% of their wages up to a maximum of…
HMRC releases guidance for self-employed scheme
HMRC has released guidance on the COVID-19 Self-employment Income Support Scheme. Under the scheme, self-employed individuals will be able to claim a taxable grant based on an average of their earnings over the past three…
Government launches support finding tool for business
The UK government launched an online platform to help businesses access financial support during the COVID-19 crisis. The Coronavirus Business Support Finder Tool will guide businesses through the range of loans, tax reliefs and cash…
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