As the lockdown continues and more small businesses are rejected in their applications for funding the Treasury and British Business Bank is updating the scheme to help more small businesses
The original facilities put in place are still available to any business which has not yet applied;
- Business Rates Grants
- Furlough for employees – Coronavirus Job Retention Scheme
- Deferred VAT payments
- Deferred Self Assessment payments
- Self employed grants – not yet open to claims, expect to hear from HMRC with instructions on how to claim by mid May 2020.
- Coronavirus Business Interruption Loans Scheme – scheme now being updated with new lenders being added and 100% guarantee from the government
We’ll update the details of the extended 100% guarantee as soon as it’s available.