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.
