Covid-19 Govt Advice for Businesses

Written By Michael Wilkinson

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 small and medium sized businesses (SMEs)

  • a 12-month business rates holiday for all retail, hospitality, leisure and nursery businesses in England

  • small business grant funding of £10,000 for all business in receipt of small business rate relief or rural rate relief

  • grant funding of £25,000 for retail, hospitality and leisure businesses with property with a rateable value between £15,001 and £51,000

  • the Coronavirus Business Interruption Loan Scheme offering loans of up to £5 million for SMEs through the British Business Bank

  • 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

https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses

Michael Wilkinson

Redsky is an independent branding, strategy and design agency based in Hull, UK.

Our work is increasingly focused on a long term brand strategy, through a mixture of Design, Packaging, Web Apps with VR, AR & Mixed Reality Environments.

We help create & grow brands through our straightforward thinking and distinctive, engaging design.

https://www.redskystudios.co.uk
Next

Planning for Brexit - The risks to commercial contracts and what to do about them