On 3rd March Rishi Sunak introduced a number of new measures of support for SMEs as part of his budget. He also extended some of the existing schemes as well as announcing some new initiatives designed to support the survival, growth and development of businesses.
From the extension of furlough to a continuance of business rate relief for retail, hospitality and leisure, right through to grants, a new VAT deferral scheme plus much more.
We thought it would be helpful to have a handy summary of the key things that may be relevant to a SME business from a cash flow and growth perspective.
Our partner UK 200 have produced a short summary guide which includes links to further details on each initiative.
How does the Budget affect you?
You may find our guide to The Budget 2021: What you need to know useful.
If you would like to chat about what support is out there and practical steps you can take to protect your business, please do get in touch. You can contact the team here, or call our Southend office on 01702 466 886.