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.
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 Loan. This scheme is due to launch week commencing Monday 23 March. Eligible businesses must have a turnover of less than £45m.