Published: 14th April 2020
Updated: 5th November 2020
The government has introduced a number of measures to support businesses impacted by COVID-19 that require temporary financial relief. As well as the CBILS and CCFF schemes.
Initiatives available include:
To help UK businesses retain their staff on the payroll when business has been forced to stop.
A reprieve from paying business rates for those in the retail, leisure, and hospitality sector, for 12 months, regardless of their rateable value.
UK-based companies with fewer than 250 employees will now be able to reclaim SSP which has been paid to employees for up to two weeks.
Non-repayable cash grants will be made available to help those in the retail, leisure, and hospitality industry. Many smaller businesses outside of these sectors will also be entitled to a government grant.
If you would like further information on the above, please speak to your usual Begbies Traynor contact, or fill in the form below to request a call back