Government Financial Support for Small Business

We all know how challenging and tough it’s been for businesses both small and large across the UK and elsewhere. Many businesses here in the UK have been heavily relying on help and support to see them through these unprecedented times.

There are a number of financial support such as grants and loans which have been made available to both small and large businesses across the UK. We’ve therefore put together a list of some of the financial help and support from the government. This is not a complete list and if we’ve left any type of financial support please do let us know so that we can include them on our list.

UK Wide Grants

Coronavirus Job Retention Scheme

This is a scheme that supports employers to get a grant using the Coronavirus Job Retention Scheme to help them pay for some of their employees wages.

For more details and information click here

Statutory Sick Pay

This is a Coronavirus Statutory Sick Pay Rebate Scheme to claim back employees’ coronavirus-related Statutory Sick Pay (SSP).

For more details and information click here

Defer your Self Assessment payment on account due to coronavirus (COVID-19)

This is the scheme for any business that chose to defer their second payment on account for 2019 to 2020 tax year.

For more details and information click here

England only

Business rates holiday for retail, hospitality and leisure businesses.

This scheme is for businesses who have retail, hospitality or leisure premises who are eligible for business rates relief due to coronavirus (COVID-19).

For more details and information click here

Business rates holiday for nurseries

Check if your nursery is eligible for business rates relief due to coronavirus (COVID-19)

For more details and information click here

Support for small and medium-sized businesses

UK Wide

Coronavirus Business Interruption Loan Scheme

The Coronavirus Business Interruption Loan Scheme (CBILS) provides financial support to smaller businesses affected by coronavirus (COVID-19).

For more details and information click here

Coronavirus Future Fund

This scheme issues convertible loans between £125,000 to £5 million to innovative companies which are facing financing difficulties due to the coronavirus outbreak.

For more details and information click here

Coronavirus Bounce Back Loan

The Bounce Back Loan Scheme (BBLS) enables smaller businesses to access finance more quickly during the coronavirus outbreak.

For more details and information click here