Category Archives: COVID-19 Business Support

Recovery Loan Scheme – Launches 6th April 2021

6 April saw the launch of the Recovery Loan Scheme (RLS). Available until 31 December, subject to review, RLS provides a guarantee to lenders and covers a variety of products including term loans, overdrafts, asset finance and invoice finance, which companies of all sizes can access, regardless of their turnover.  What’s more, businesses that have […]

COVID19: Coronavirus Business Loan Schemes Extended – January and March 2021 Update

March 2021 Update: Businesses that took out government-backed Bounce Back Loans will now have greater flexibility to repay their loans with the option to delay repayments by six months or to extend the length of the loan using Pay as You Grow repayment flexible options. Coronavirus Business Interruption Loan Scheme The scheme helps small and […]

Business Interruption Insurance

As the UK national lockdowns continue, we are pleased that there is some good news for hospitality and other businesses who were closed by the Government in the first lockdown, after the Supreme Court ruled that insurers should pay business interruption claims. Small firms in line for business interruption insurance pay out The Financial Conduct […]

HMRC Deferred Payments Update

Coronavirus VAT Deferral Scheme – January 2021 Update A new payment scheme will be opened by HMRC shortly to allow for payments of VAT originally deferred between 20th March 2020 and June 2020 to be paid in 11 interest free instalments.  All instalments must be paid by the end of March 2022. You will need […]

COVID-19: Support for businesses that pay business rates 2021 update

Business Support Grants from January 2021 delivered by Local Authorities From the 5th January 2021 onwards, Local Authorities will be delivering The Local Restrictions Support Grant (Closed), Closed Businesses Lockdown Payment and the Additional Restrictions Grant Local Restrictions Support Grant (Closed) Addendum Scheme For Businesses that were open as usual, but then required to close […]

Coronavirus Job Retention (Furlough) Scheme extended

June 2021 Extended Coronavirus Job Retention Scheme to 30th September 2021 – Update and Refresher Background On 3 March 2021, at the Spring Budget, the Chancellor confirmed that the Coronavirus Job Retention Scheme (CJRS) will run until 30 September 2021.  The current version of the scheme is the third iteration of the original CJRS that commenced […]