Self employed support
Self-employed Income Support Scheme (SEISS)
The government has extended support for those who are self-employed for another 6 months.
The grant extension provides support to the self-employed in the form of 2 further grants, each available for 3 month periods covering November 2020 to January 2021 and February 2021 to April 2021.
For more information and guidance on how the scheme works and eligibility criteria, please visit the Government’s website.
Apply for the Coronavirus Business Interruption Loan Scheme
The Coronavirus Business Interruption Loan Scheme (CBILS) provides financial support to smaller businesses affected by coronavirus (COVID-19).
The scheme helps small and medium-sized businesses to access loans and other kinds of finance up to £5 million.
The government guarantees 80% of the finance to the lender and pays interest and any fees for the first 12 months.
The scheme is open until 30 November 2020.
For more information and eligibility criteria, please visit the government’s website.
Bounce Back Loan
The scheme helps small and medium-sized businesses to borrow between £2,000 and up to 25% of their turnover. The maximum loan available is £50,000.
The government guarantees 100% of the loan and there won’t be any fees or interest to pay for the first 12 months. After 12 months the interest rate will be 2.5% a year.
The scheme is open to applications until 31 January 2021.
You can apply for a loan if your business:
• is based in the UK
• was established before 1 March 2020
• has been adversely impacted by the coronavirus
For more information and guidance, please visit the Government’s website.
Business Interruption Loans
The scheme helps small and medium-sized businesses to access loans and other kinds of finance up to £5 million.
The government guarantees 80% of the finance to the lender and pays interest and any fees for the first 12 months.
The scheme is open until 31 January 2021.
For more information and guidance, please visit the government’s website.