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Help for business owners

The Coronavirus Business Interruption Loan Scheme will support lenders to offer loans up to £5m with no interest due for six months:

  • Employers will be able to contact HMRC for a grant to cover most of the wages of people who are not working but who are 'furloughed' and kept on payroll, rather than being laid off
  • All employer across the UK - small or large, charitable or non-profit - will be eligible for the scheme
  • The government grant will cover 80 per cent of the salary of retained workers up to a total of £2,500 a month, with employers being able to top up salaries further if they choose to
  • Support with the cost of wages will be backdated to 1 March 2020 and will initially be available for at least three months, with the option for the scheme to be extended if necessary
  • If any of your employees have a zero-hours contract, please let them know they'll be able to access Universal Credit and the new Employment Support Allowance
  • If you employ fewer than 250 employees, you will be able to reclaim Statutory Sick Pay for employees unable to work because of Coronavirus. Other government support for businesses

https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses

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