COVID-19 – Business Support – New Support For Start-Up and Tech Businesses
The Treasury has announced a £1.25bn package of support for start-up and tech businesses impacted by COVID-19 through two new facilities. Firstly, the £500m Future Fund will launch in May and be delivered in partnership with the British Business Bank. The fund will provide government loans ranging between £125,000 and £5 million to UK-based […]
COVID-19 – Coronavirus Job Retention Scheme Extended To The End of June
Chancellor Rishi Sunak has just announced that the Coronavirus Job Retention Scheme will be available for another month until the end of June. He has also kept the option to further extend the scheme if necessary. Mr Sunak said “With the extension of the coronavirus lockdown measures yesterday, it is the right decision to extend […]
COVID-19 Coronavirus Job Retention Scheme Cut-Off Date Extended to 19th March
HM Treasury announced last night that the eligibility cut-off date for Coronavirus Job Retention Scheme has been extended to the 9th March 2020 from the original date of the 28th February 2020. However, the employee simply being employed on that date is not enough. To be eligible as a furloughed employee, the employee needs to both be […]
COVID-19 – Business Support – Coronavirus Job Retention Scheme – A Brief Guide
As the Coronavirus Job Retention Scheme is scheduled to go live on 20th April, we have put together a brief guide based on the questions that our clients have been asking over the last couple of weeks since the scheme was announced.