There have been further updates to the support for those businesses affected by coronavirus. But what’s changed and when are the deadlines to apply for support?
What support is there for SMEs affected by coronavirus?
With the introduction of a second national lockdown, the government have revised the support for businesses and individuals, including extending furlough and many other measures. These include:
- Coronavirus Job Retention Scheme (furlough)
- Job Retention Bonus
- Statutory sick pay rebate
- Kick start scheme
- Self-employment income support scheme (SEISS)
- Deferring VAT
- Deferring self-assessment payments on account
- Small business grant funding
- Coronavirus business interruption loan scheme
- Coronavirus bounce back loan
- Regional growth hubs – grant funding
How do I apply for coronavirus business support?
We have pulled together a short guide summarising the latest support available for SMEs, how to apply for it and when by. The guide includes guidance on:
- Support to pay your employees and yourself
- Support with the payment of taxes and rates
- Access to funds – both grants and loans
The government has put in place a very helpful online tool that businesses can use to find out exactly what support you can apply for by answering a selection of questions about their business and circumstances. The Government Business Support finder is available here.
Here to Help
The landscape is ever-changing. As ever, we are here to support you.
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.