Business support announced in the Budget

Business support announced in the Budget

The Chancellor announced a  package of measures to provide support for public services, individuals and businesses to ensure the impact of COVID-19 is minimised.

The package includes:

Coronavirus Business Interruption Loan Scheme

Statutory sick pay refunds. 

A dedicated helpline has been set up to help businesses and self-employed individuals in financial distress and with outstanding tax liabilities receive support with their tax affairs. 

A £3,000 cash grant to 700,000 of our smallest businesses, delivered by Local Authorities, and worth a total of £2.2 billion. 

Temporarily increasing the business rates retail discount in England to 100% for 2020-21 for properties below £51,000 rateable value. 

For more information go to:

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