This page was last updated on 14 October 2020
Only a couple of weeks after the Chancellor of the Exchequer, Rishi Sunak, unveiled the 'Winter Economy Plan', further measures to restrict the spread of the virus, have been coupled with new business support announcements. With the furlough scheme and some other financial support coming to an end, the Winter plan measures include: a new 'Job Support Scheme'; extension to the 'Self-employed Income Support Scheme'; an extension to some Government-backed loan schemes; and new payment schemes to ease the burden of paying deferred VAT and self-assessment tax. The Chancellor has now also announced an expansion to the 'Job Support Scheme' for businesses required to close and a 'local restrictions support grant'.
Since Boris Johnson officially announced the first lockdown measures in the UK on 23 March, the Government's measures to support businesses financially have come in a series of different announcements. They have been subject to a number of changes and further updates which we have been feeding into this handy consolidated checklist in table format of the key schemes. We've included a brief description, eligibility criteria, availability date and application information. We have now updated the checklist with the latest measures.
While our checklist summarises Government support for businesses, there are other ways of managing the financial impact of the COVID-19 pandemic on your business. We would be delighted to chat through your circumstances and the potential solutions available.