Bounce Back Loan/Business Interruption Loan Scheme
The Bounce Back Loan was introduced by the government to help small businesses access financing easily during the Coronavirus. It is a 100% state backed loan where businesses and self employed workers can access up to £50,000 loan, and the first 12 months of its receipt, it is interest free and the business owners are […]
Self-employment Income Support Scheme
Self-employment Income Support Scheme The government introduced the Self-employment Income Support Scheme to help self-employed workers cope with the impact of Coronavirus on their businesses. The government has pledged to pay up to 80% of the average monthly trading profit to the maximum of £2500 per month over three months starting from March 2020, […]
Coronavirus Job Retention Scheme
Coronavirus Job Retention Scheme To help businesses cope with the effects of the coronavirus on businesses, the government introduced the Coronavirus Job Retention Scheme (Furlough). Here, instead of businesses letting go of staff, they are able to claim up to 80% of their employee’s gross salary from HMRC. The scheme will be closed to new […]
