Updated 25.09.20: The Chancellor, Rishi Sunak, has outlined further government measures under the Winter Economy Plan which aims to support businesses and workers for the next six months.
The announcement included the Job Support Scheme which is set to replace the Coronavirus Job Retention Scheme from 1 November and the extension of existing support measures such as; the Self-Employment Income Support Scheme and the reduced rate of VAT for hospitality, leisure and tourism.
In addition, applications for four of the loan schemes will remain open until 30 November 2020, including the Bounce Back Loan, both Business Interruption Loan Schemes and the Future Fund as well as a new Pay as you Grow initiative that allows more flexibility for borrowers to repay loans as business improves.
Contact us for support and advice
Given the changing and uncertain situation, we understand that you will have many questions about the support available to you and you will be concerned for the future of your business and the welfare of your workers and customers.
We are here to help you choose the right path for your business. We can support communication with HM Revenue & Customs to claim the funding available to support your employees and to prepare the information required to make loan applications.
If you would like any assistance in applying for support for your employees, a financial grant or any other government support package, please contact our team.
Loans, grants and funding
Please note, the information herein is correct as of Monday 24 August 2020 but may be subject to change.
Some elements of business support are devolved and therefore support may differ in Scotland, Northern Ireland and Wales.
For the latest guidance and professional advice, please contact us or speak to your dedicated Duncan & Toplis adviser.
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