Category Archives: Covid-19
October 21, 2020
Bounce Back Loan Scheme extended
The application date for the Bounce Back Loan Scheme (BBLS) has now been extended to 30 November, and the loan repayment process made more flexible. To date, the BBLS has provided more than a million loans between £2,000 and £50,000 to businesses affected by the Covid-19 crisis.
September 24, 2020
New Jobs Support Scheme and continuing business support measures
Following the announcement yesterday that the Autumn Budget had been cancelled, the Chancellor Rishi Sunak today announced a new Jobs Support Scheme which will replace the Coronavirus Job Retention Scheme (CJRS). The Chancellor also announced extensions and revised payment terms to various other Government support schemes.
September 02, 2020
Kickstart Scheme launched
The Kickstart Scheme, announced by the Chancellor in July’s Summer Statement, is launched today. What is the Kickstart Scheme? The Kickstart Scheme is grant funding to create new 6-month job placements for young people who are currently on Universal Credit and at risk of long-term unemployment.
August 14, 2020
COVID-19 support – latest updates
Self-Employment Income Support Scheme (“SEISS”) – Grant 2 Self-employed individuals or members of a partnership can claim the second SEISS grant if the business has been adversely affected on or after 14 July 2020.
June 08, 2020
Furlough planning thoughts and redundancy
As an update to our blog earlier last week, I wanted to emphasise the importance of planning with regards to possible future redundancies. Most of you will now know, the covid job retention scheme (CJRS) is changing again such that: Employers will start contributing to furlough wages from 1st August.
June 03, 2020
CJRS – employers have until 10 June to bring employees into scheme
Last Friday, HM Government announced the outline of how the Coronavirus Job Retention Scheme (“CJRS”) will develop following the initial 4-month period. The scheme will become more flexible from 1 July, allowing businesses to bring back employees on a part-time basis, while receiving CJRS grant support for the employees’ normal days not worked.
June 01, 2020
COVID-19: Government Help for the Self-Employed – extended on 29 May 2020
On 26th March 2019, Chancellor Rishi Sunak announced assistance for the self-employed, intended to be analogous to the help already announced for furloughed employees. The basics of what has been announced are set out below. The scheme is referred to as the Self-Employed Income Support Scheme (“SEISS”).
June 01, 2020
Coronavirus Job Retention Scheme (CJRS): Extension and part-time working
On 29th May 2020, Chancellor Rishi Sunak announced changes to the Coronavirus Job Retention Scheme (CJRS) starting from the 1st July 2020.
May 11, 2020
Bounce Back Loan Scheme (BBLS)
What is it? The Bounce Back Loan Scheme (BBLS), provides financial support to small businesses across the UK that are losing revenue, and seeing their cashflow disrupted, as a result of the COVID-19 outbreak. Small firms will be able to access to 100% government backed loans.
April 20, 2020
Government announces start-up support plan
The Chancellor Rishi Sunak has announced a £1.25bn support package for start-up and tech-driven companies who may be unable to access the existing COVID-19 support measures. Start-up innovative businesses can often be high-growth but loss-making, meaning they are not eligible for some of the existing support packages.1 2 3 Next »