The Entrepreneurs Network
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The Government
The Business Support website helps you find the right support, advice and information to help with the impact of coronavirus (COVID-19) on your business. This website will continue to be updated as information becomes available. A full range of business support measures have been made available to UK businesses and employees. Find out how to access the support that has been made available, who is eligible, when the schemes open and how to apply here.
Five Steps You Can Take
1. Get help with your finances
For small and medium sized businesses, the new Coronavirus Business Interruption Loan Scheme is now available for applications. For more information and how to apply, visit their website.
You can also speak to your bank or lender to discuss options.
The Bank of England’s new lending facility for larger firms is also open for applications. Find out more on their website.
2. See what you're entitled to
The government is also making cash grants and additional funding available to certain sectors and smaller businesses.
Find out more about the schemes available, whether you’re eligible and how to apply on their website.
3. Support your staff
Through the Coronavirus Job Retention Scheme, the Government will pay salaries (at 80% of current pay up to £2,500 a month) for workers who are no longer working and would otherwise be made redundant.
For businesses with fewer than 250 employees, the cost of providing 2 weeks of COVID-19 related statutory sick pay per employee will be refunded by the Government in full. Find out more on their website.
4. Check guidance on tax
If you are concerned about paying your tax you can talk to HMRC about managing payments.
We have already postponed upcoming VAT payments through to June, cancelled business rates for many sectors and delayed July’s self-assessment tax payments until January 2021. To find out more visit their website.
5. Follow the latest advice
The Gov website will be updated regularly as more information becomes available.
The Prime Minister’s daily press conference, live streamed on the @10DowningStreet Twitter feed, will also provide the latest updates on health advice, support for businesses and employees, as well as a range of other issues.