Are you eligible for government loans?

Updated on March 23, 2020 in General
2 on March 20, 2020

Chancellor Rishi Sunak has announced a series of loans and measures intended to keep businesses afloat during the COVID-19 crisis. If you have questions about whether your business is eligible for loans, or advice to share with others, please do so below.

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Financial aid

The government has announced it will pay the wages of those unable to work during the COVID-19 crisis, to a maximum of £2,500 a month. Full information about the coronavirus job retention scheme can be found here.

These loans will be available from the end of April. You can apply for them via HM Revenue and Customs (HMRC).

If your business needs short term cash flow support, you may be eligible for a Coronavirus Business Interruption LoanThis scheme is due to launch week commencing Monday 23 March. Eligible businesses must have a turnover of less than £45m.

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0 on March 23, 2020

How businesses can actually get on the loan scheme will be confirmed today. Will be publishing this on Conference  News very soon!

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0 on March 23, 2020

Hi everyone. Today (Monday 23 March) the government has released plans about how you can apply for business interruption loans. Links here in this article: https://conference-news.co.uk/coronavirus-updates-business-news/coronavirus-business-interruption-loan-scheme-applications-open

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