Coronavirus Update – Amendments to Business Support 03/11/2020
|As a consequence of the national restrictions which come into effect on 5th November, the Government has announced further enhanced support.|
Self Employment Income Support Scheme
The Grant for the 3 months November 2020 to 31st January 2021, notified in our Update of 23rd October 2020 has increased to 55% of average monthly profits up to a limit of £5,160. This is an increase from 40% as previously announced.
Coronavirus Finance Application Deadline
In respect of the Coronavirus related finance schemes, namely Bounce Back Loan, Business Interruption Loan, Large Business Interruption Loan and Future Fund, the deadline for applications has been extended from 30th November 2020 to 31st January 2021.
For the full text of the announcement relating to The Self Employment Income Support Scheme, Click here