Covid-19 support for businesses
Find coronavirus financial support for your business
Information about the support: https://www.gov.uk/coronavirus/business-support.
The government has launched a business support finder to help businesses see what support is available to them.
The Business support finder: https://www.gov.uk/business-coronavirus-support-finder
Job Retention Scheme up and running
The Government’s Coronavirus Job Retention Scheme allows businesses to claim up to £2,500 a month towards staff wages.
Employers can furlough anyone they employ, provided that on or before March 19 they were on PAYE payroll and HMRC has been notified of payment via the RTI system.
The guidance on how to calculate 80% of an employee’s wages, National Insurance Contributions and pension contributions if they’ve been furloughed due to coronavirus has also been updated to include a calculator to work out how much can be claimed.
The online portal: https://www.tax.service.gov.uk/coronavirus-job-retention-scheme
Step by step guide for employers: https://www.gov.uk/government/publications/coronavirus-job-retention-scheme-step-by-step-guide-for-employers
The guidance with calculator: https://www.gov.uk/guidance/work-out-80-of-your-employees-wages-to-claim-through-the-coronavirus-job-retention-scheme
The government coronavirus Future Fund
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.
Guidance from the British Chambers of Commerce
Learn more about the steps that the Bristish Chambers of Commerce and its members can implement to minimise impact on local communities and support the UK government's strategy.
Visit the website here:
Working safely during coronavirus (COVID-19)
Guidance to help employers, employees and the self-employed understand how to work safely during the coronavirus pandemic is available here: