Tag Archives: Help for Small Businesses

Small business grants update

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The Federation of Small Businesses (FSB) has urged local councils in England to ensure the speedy issuance of vital small business grants to firms that require them. The business group found that councils across England have distributed on average 92 per cent of the funds. However, only 23% of councils across England have issued 100% […]

Eat Out to Help Out scheme

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The UK government Eat Out to Help Out scheme will start on 3 August and run throughout the month. Chancellor Rishi Sunak had announced this scheme in his Summer Economic Update. It will provide a 50% reduction for sit-down meals in participating cafes, restaurants and pubs across the UK from Monday to Wednesday every week […]

VAT flat rates reduction

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HMRC has reduced VAT rates for hospitality and the flat rate scheme. VAT flat rates have been reduced for catering, accommodation and pubs in light of the government’s temporary VAT reduction. As a consequence of the temporary reduction in the VAT rate from 20% to 5% in the hospitality sector, the flat rate percentages used […]

Job Retention Scheme extended until October: Coronavirus

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The Coronavirus Job Retention Scheme will remain open until the end of October, the Chancellor announced on Tuesday 12 May. Chancellor Rishi Sunak has extended the Coronavirus Job Retention Scheme (JRS) until the end of October. Mr Sunak confirmed that employees will continue to receive 80% of their monthly wages up to £2,500. However, the […]

Bounce Back Loan Scheme : Coronavirus

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The government has announced a 100% government-backed Bounce Back Loan Scheme for small business to help them make it through the coronavirus outbreak.   What does the new Small Business Bounce Back Loan actually mean for small businesses?  Chancellor Rishi Sunak announced a new government-backed loan to support small businesses on Monday 27th April. The […]

Chancellor expands loan scheme for large businesses

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The chancellor has expanded the government-backed Coronavirus Large Business Interruption Loan Scheme to cover all viable firms. Ahead of the scheme’s launch on Monday (April 20), Sunak unveils the final details of Coronavirus Large Business Interruption Loan Scheme. Who is eligible for the Coronavirus Large Business Loan Scheme? all viable businesses with turnover of more […]

Uinsure offers Two Years Commission Upfront

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  Uinsure has launched a new Covid-19 initiative to support mortgage advisors and their clients in these unprecedented times. They are offering two years commission upfront for advisers as part of a new Covid-19 support initiative. Uinsure will also pay any policy cancellation fees for clients.   Uinsure says remortgages and product transfers are still proceeding. […]

Mortgage Repayment Holidays: Coronavirus Update

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  Lloyds Banking Group has agreed mortgage repayment holidays for more than 300,000 customers since the start of the Covid-19 outbreak. LBG has helped hundreds of thousands of business and retail customers affected due to Covid19. This includes agreeing mortgage repayment holidays for more than 300,000 customers. Lloyds says it has also implemented payment holidays […]

Business Groups’ Reaction on CBILS

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  Business groups, including CBI, FSB, BCC showed their reaction to the Chancellor’s announcement of the expansion of the Coronavirus Business Interruption Loan Scheme (CBILS). The Chancellor announced that the CBILS has been extended ‘so more small businesses can benefit’, and not just those unable to secure regular commercial financing. Additionally, Mr Sunak announced a […]

Coronavirus Business Interruption Loan Scheme (CBILS)

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  Rishi Sunak has taken further action to support firms affected by Coronavirus. He has revised the Coronavirus Business Interruption Loan Scheme (CBILS) and announced a new scheme for larger companies. The expanded CBILS will be offered by lenders from Friday 3 April 2020 and operational from Monday 6 April 2020. Friday, 3 April, Chancellor […]