Monthly Archives: May 2020
Self-Employment Income Support Scheme (SEISS)
May 7, 2020What is SEISS? The scheme was announced by the chancellor Rishi Sunak on 26th March 2020. Designed to assist Self-Employed individuals whose trade has been adversely affected as a result of coronavirus. The Government will pay 80% of Self-Employed income … Continue reading
Posted in Uncategorized | Comments Off on Self-Employment Income Support Scheme (SEISS)Job Retention Scheme
May 6, 2020This has been running since 19th March 2020. The Government will pay 80% of a standard/average wage of an employee who was on a PAYE Scheme on or before 19th March 2020. This is capped at £2,500 per month … Continue reading
Posted in Uncategorized | Comments Off on Job Retention SchemeCoronavirus Business Interruption Loan Scheme (CBILS)
May 6, 2020• This has been running since 23rd March 2020. • It enables businesses to apply for loans of up to £5,000,000. • Loans would be interest and fee free for the first 12 months. • Loans or financial products can … Continue reading
Posted in Uncategorized | Comments Off on Coronavirus Business Interruption Loan Scheme (CBILS)Bounce Back Loan
May 6, 2020• This Scheme was made available on 4th May 2020. • It offers loans between £2,000 and £50,000. • It is 100% government backed, i.e. there are no risks to private lenders. • The loan term will be up to … Continue reading
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