Monthly Archives: May 2020

Self-Employment Income Support Scheme (SEISS)

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What 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

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Job Retention Scheme

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This 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

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Coronavirus Business Interruption Loan Scheme (CBILS)

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• 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

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Bounce Back Loan

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• 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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