Coronavirus: Government announce emergency cash to help businesses
On Friday, Chancellor Rishi Sunak unveiled an "unprecedented" set of financial measures to support the UK economy through the coronavirus pandemic. These included:
- £330bn in loans will be available from this week to help businesses pay for supplies, rent & salaries
- Extension of business rates relief
- Government grants to cover 80% of employees salaries of retained workers via the HMRC
- Business Interruption Loans will be interest free for 12 months
- VAT payments deferred to next quarter
- Three month mortgage holidays for people in financial difficulty as a result of the virus
- £1bn of support for renters through the Local Housing Allowance
Click here for more information
How to access Government financial support
Under the Coronavirus Job Retention Scheme, all UK employers will be able to access support to continue paying part of their employees' salary for those employees that would otherwise have been laid off during this crisisClick here for more information
CBI launch new Coronavirus Hub to support UK businesses
CBI are providing the latest information on business support and daily FREE webinars covering access to finance and policy briefingsClick here for more information
