Find out about financial support that is available during the coronavirus crisis, including local government grants, sick pay for employees and other funding you may be eligible for.
Recovery Loan Scheme
This new scheme will support borrowing of up to £10m for individual businesses and up to £30m across a group. It provides financial support to businesses as they recover and grow following the coronavirus pandemic.
Self-Employment Income Support Scheme
The grant has been extended to September 2021. You will be able to claim from late July if you are eligible for the fifth grant.
Coronavirus Job Retention Scheme (furlough)
The Coronavirus Job Retention Scheme will run until September 2021. Employers will be expected to pay 10% towards the hours their staff do not work in July, increasing to 20% in August and September.
Local Authority Grant Funding
The Government provided additional funding for Local Authorities (LA) to support small businesses. Find out what is available.
Sick Pay support for employees affected by COVID-19
SME employers can apply to recover the costs of paying coronavirus-related Statutory Sick Pay (SSP) payments they have made to their employees. Claims can be made through an online service.
Business Rates Holiday for Retail, Hospitality and Leisure
Businesses in the retail, hospitality and leisure sectors in England will not have to pay business rates for the 2020-21 tax year.
Covid Corporate Financing Facility (CCFF)
This facility is designed to support liquidity among larger firms, helping them to bridge coronavirus disruption to their cash flows through the purchase of short-term debt.
Finance and support for international trading
Financial support from UK Export Finance (UKEF), the UK’s Export Credit Agency. Plus where to find your local Export Finance Manager.