COVID 19 23 March 20
Submitted on Thursday, 25 April 2024
As outlined we want to provide you with updates and potentially useful information for your business.
The Chancellor has set out a package of temporary, timely and targeted measures to support public services, people and businesses through this period of disruption caused by COVID-19.
This includes a package of measures to support businesses including:
· a Coronavirus Job Retention Scheme
· deferring VAT and Income Tax payments
· a Statutory Sick Pay relief package for SMEs
· small business grant funding of £10,000 for all business in receipt of small business rate relief or rural rate relief
Below is a link to the Fife Council page relating to this, at present they have no information about how it will be paid.
https://www.fife.gov.uk/kb/docs/articles/business2/business-rates/covid-...
· grant funding of £25,000 for retail, hospitality and leisure businesses with property with a rateable value between £15,000 and £51,000
· the Coronavirus Business Interruption Loan Scheme offering loans of up to £5 million for SMEs through the British Business Bank. Below is a link to the British Business Bank.
https://www.british-business-bank.co.uk/ourpartners/coronavirus-business...
· a new lending facility from the Bank of England to help support liquidity among larger firms, helping them bridge coronavirus disruption to their cash flows through loans
· the HMRC Time To Pay Scheme
Full details and links are in the document below.