COVID-19 Government Links To Business Support, Funding and Grants
CHURCHILL COVID-19 GOVERNMENT LINKS TO BUSINESS SUPPORT, FUNDING AND GRANTS.
THE LINKS YOU NEED FOR FINANCIAL SUPPORT AND ASSISTANCE.
As time goes by there is more and more pressure building on business finances and Churchill want to make sure we are doing everything we can to support other organisations. Below we have compiled a list of links to Government support in the UK should you need it.
There is no doubt that this crisis has had significant social implications but while our economy remains almost stagnant, even more pressure will build. Across the globe companies are feeling the financial pain, however, there is light at the end of the tunnel and with each other’s support we can ride this wave together.
As a company, we have implemented measures to lessen the financial pressures and we would urge other businesses out there to do the same.
SELF-EMPLOYED INCOME SUPPORT SCHEME
Direct cash grant of up to £2,500 a month for self-employed people covering 80% of the average profits.
Find out more: https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme
DEFERRAL OF INCOME TAX PAYMENTS
Income Tax payments due on 31 July 2020 can be deferred until 31 January 2021
TIME TO PAY SERVICE
Businesses and self-employed people in financial distress and with outstanding tax liabilities may be eligible to receive support with their tax affairs through this scheme
CORONAVIRUS BUSINESS INTERRUPTION LOAN SCHEME
Access to loans, overdrafts, invoice finance and asset finance for up to £5m and up to 6 years. Government backed and 80% guaranteed as well as interest-free for the first 12 months
SMALL BUSINESS GRANT SCHEME
One-off £10,000 grant to support small businesses that already pay little or no Business Rates because of Small Business Rate Relief, Rural Rate Relief and Tapered Relief.
CORONAVIRUS JOB RETENTION SCHEME
Employers with a PAYE scheme will be reimbursed for 80% of wages paid to workers unable to work, but kept on payroll
DEFERRAL OF VAT PAYMENTS
Deferral of payments from 20 March 2020 until 30 June 2020
COMMERCIAL TENANT EVICTION PROTECTION
Commercial tenants who are unable to pay their rent due to COVID-19 will be protected from eviction
REFUND OF STATUTORY SICK PAY BEING PAID TO EMPLOYEES
Small and medium-sized businesses can reclaims Statutory Sick Pay paid to employees for sickness absence due to COVID-19.
UNIVERSAL CREDIT – INCREASED ALLOWANCES & ADVANCE PAYMENT
Universal Credit payments to help you with the cost of basic living.
Find out more: https://www.gov.uk/universal-credit
FURTHER MEASURES
The Government has made further measures available which may help you.
Find out more: https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses
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