13 May 2020

Yesterday, the Government released guidance for a range of employers and workplace scenarios on how to restart their businesses after lockdown while ensuring employees and customers remain as safe as possible. A host of recent announcements confirms that Government is preparing employers and employees for a gradual return to work – for more information please refer to The Governm...

07 May 2020

Following the Government statement in relation to support for the Self Employed more details have been released this week to explain how you can ascertain your right to claim the Grant and how you should prepare to make that claim. If you want to know more detail about the Scheme, follow this link: www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-i...

05 May 2020

Small business owners can now apply to accredited lenders by filling out a simple online form, with only seven questions. There is no longer a need to provide a business plan or projections. This scheme will help businesses and sole traders affected by coronavirus (COVID-19) to apply for loans of up to £50,000. The latest details published by the Government are available here: w...

05 May 2020

On Saturday 2 May 2020, the Government announced that the local business grant funds scheme would receive a 5% top-up aimed at closing the support gap for businesses that don’t qualify for the existing business rates relief. Further announcements regarding this additional funding are expected this week. This funding is aimed primarily at small (less than 50 employees) businesses wi...

01 May 2020

Following the Government statement in relation to support for the Self Employed, we provide a brief update to the Scheme as HMRC move toward making contact with you this month. If you want to know more detail about the Scheme, follow this link: www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme Introduction Self-empl...

01 May 2020

Relaxation of Information Requirements The UK’s seven largest small business lenders have relaxed their requirements for applications under the existing Coronavirus Business Interruption Loan Scheme. With the intent to speed up the provision of finance to small and medium-sized businesses under CBILS, seven SME lenders (Barclays Bank UK, Danske Bank, HSBC, Lloyds Bank, NatWest, San...

28 Apr 2020

The Government yesterday announced a further Loan Scheme, to be known as the Bounce Back Loan Scheme. This scheme will help small and medium-sized businesses affected by coronavirus (COVID-19) to apply for loans of up to £50,000 This scheme is not available yet. It will launch on 4 May 2020. https://www.gov.uk/guidance/apply-for-a-coronavirus-bounce-back-loan Introduction...

17 Apr 2020

Over this last week, the Government has again set out further clarification of how the Job Retention Scheme is intended to work and certain specific changes to the Scheme that have been made since the last update. Please note that earlier today the Chancellor of the Exchequer Rishi Sunak announced  that the Coronavirus Job Retention Scheme will be available for another month until the...

Barrons has put together a helpful guide to running your business during the coronavirus crisis.