We are currently living in unprecedented times. Navigating Covid 19 has been challenging times for families and business owners, with falling sales and footfall; some sectors have ground to a stop. For many small, medium and even some larger businesses, there was quick movement from profit to survival mode as they don’t currently have the financial headroom.
There is hope
Government support areas to consider
While there is no glossing over of the seriousness of this situation, there is support during COVID -19. As UK Business owners we are not entirely on our own. Rishi Sunak, the Chancellor of Exchequer has been – and is still – announcing numerous support packages to support business owners during the Corona Virus crisis.
This assistance may not apply to every business owner but here are few areas where there is support for business owners
Coronavirus (COVID-19) support is available to businesses
- Loans, tax relief and cash grants are available
- Employers might be eligible for financial support to pay wages
- Self-employed people might be eligible for a taxable grant covering 80% of trading profits
The Government Web site outlines what you can do now
Funding & Support
Your responsibilities as an Employer
How to run your business safely
National Lockdown Rules
Check how the new BREXIT rules affect you
New rules apply to things like travel and doing business with Europe. You can use the Government Brexit checker here to get a personalised list of actions for you, your business and your family.
Instantly Check out what Covid-19 support you might qualify for
The government have developed this excellent tool to help businesses owners find out what financial support they may qualify for
Check what you may qualify for – Coronavirus Support Finder Tool