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 on the government’s website on guidance to employers and business.
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.
