This fund is for companies which are facing financing difficulties due to COVID-19. The loans range from £125,000 to £5 million (subject to at least equal match funding from private investors), and may be an option for businesses unable to access other government support.
The Coronavirus Bounce Back Loan will help both small and medium-sized businesses affected by the pandemic.
The Government has announced the intention to increase the Business Rates retail discount in England to 100% for the 2020-21 tax year for properties below £51,000 rateable value.
The UK Government has produced guidance for employers about the signs and symptoms of COVID-19, and how to treat staff presenting with symptoms. The guide also provides information on support for employers and businesses.
If you are due to make a self-assessment payment to HMRC on 31 July 2020, you can now have this payment deferred until January 2021.
A dedicated helpline has been set up to help businesses and self-employed individuals in financial distress caused by COVID-19 and with outstanding tax liabilities to receive support with their tax affairs.
Export, supply, and UK Export Finance may have also been impacted by COVID-19.
To keep up to date with the latest updates and guidance visit the North East Growth Hub COVID-19 Toolkit:
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