Other help earmarked for Businesses

Other help earmarked for Businesses

Updated 18 March 2020

Coronavirus business interruption loan scheme up to £2m per loan.

To abolish business rates for retail businesses for this year and extend scheme to leisure businesses not currently covered. Long term review of rates in autumn budget.

£3,000 cash grant for small businesses who already get rates' relief.

£5bn emergency response fund on top of other plans providing "fiscal loosening" worth £18bn.

Further details can be found here : https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses.

If you are seeking additional accountancy services support or you simply wish to discuss the fiscal impact of Covid – 19 on your business and the steps you could make to mitigate the impact then please do not hesitate to contact us.

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About the author

Richard Hayward is a WardWilliams partner who advise clients of the latest rules and regulations.