Government support on offer for local businesses to ease coronavirus disruption
New measures to help businesses recover from the disruption caused by coronavirus have been laid out by the government.
The temporary support includes a new sick pay relief package for SMEs, business rate relief for small businesses and pubs - as well as a new £3,000 grant for all those who are eligible for small business rates relief.
The government will also launch the Coronavirus Business Interruption Loan Scheme, which aims to support long-term businesses needing fresh loans in response to tighter cash-flow.
The scheme will provide lenders with a guarantee of 80 per cent on loans to ensure there is continued confidence in financing small businesses.
The new statutory sick pay relief will be eligible for employers with fewer than 250 employees, and will cover two weeks sick pay for workers who have been self-isolating.
You may also want to watch:
If you are concerned about being able to pay your tax due to coronavirus, call HMRC's dedicated helpline on 0800 0159 559.
For further guidance, please visit https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/guidance-for-employers-and-businesses-on-covid-19- If your local business has suffered as a result of coronavirus, get in touch at email@example.com
- 1 New boxing and Muay Thai classes aim to help boost post-lockdown mood
- 2 Herts Council has 'pattern of mishandling children's services complaints'
- 3 Royston chairman: RNLI volunteers never question or criticise - they save lives
- 4 New president takes over at Rotary Club
- 5 No business like shire business for Cambridge college
- 6 Magic show set to go Wrong on stage at Cambridge Arts Theatre
- 7 Community rallies together to clean up church after 'mindless' vandalism
- 8 Submissions open for Hertfordshire charity photography exhibition
- 9 Community comes together for Together We Stand Against Racism event
- 10 Bassingbourn Barracks: New chapter for Army’s flagship operational training centre