COVID-19:
Support for Businesses aimed Corona Virus
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 for businesses aimed corona virus including:
- a statutory sick pay relief package for SMEs to support for businesses aimed corona virus
- a 12-month business rates holiday for all retail, hospitality and leisure 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 £15,000 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 Schem
