Find out about financial support that is available during the coronavirus crisis, including local grants, the Coronavirus Business Interruption Loans Scheme, sick pay for employees and other funding you may be eligible for.
Self-Employment Income Support Scheme
The grant is being extended from 1 November 2020. Find out if you’re eligible and how much you can get.
17/12/20: Furlough and SEISS extended
The Coronavirus Job Retention Scheme (CJRS) will now run until the end of April 2021 with employees receiving 80% of their current salary for hours not worked. Also the Self-Employment Income Support Scheme (SEISS) will be increased, with the third grant covering November to January calculated at 80% of average trading profits, up to a maximum of £7,500.
Local Authority Grant Funding
The Government provided additional funding for Local Authorities (LA) to support small businesses. Find out what is available.
Bounce Back Loans
The Bounce Back Loans scheme allows businesses to borrow between £2,000 and £50,000 and access the cash within days.
There are no set up fees and the first 12 months of interest payments will be made by the government. Also no repayment for the first 12 months.
This scheme has been extended to 31 January 2020.
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.
Coronavirus Business Interruption Loan Schemes
Coronavirus Business Interruption Loan Schemes are designed to support UK businesses that are losing revenue and seeing their cashflow disrupted as a result of the COVID-19 outbreak.
Here you will find details for both small (less than £45 million turnover) and large businesses.
CBILS has been extended to 31 January 2021.
This scheme will issue convertible loans between £125,000 to £5 million to innovative companies which are facing financing difficulties due to the coronavirus outbreak.
The Future Fund has been extended to 31 January 2021.
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.
Grants if you complete customs declarations
If your business completes customs declarations you might be able to apply to get funding for recruitment, training and IT improvements.
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.