This page summarises some of the key business support measures available through UK Government Business Support, and Universal Credit; and are categorised according to support type. The links provide further information about each scheme, and guidance on route to access.
BOUNCE BACK LOANS
Small business loans of £2,000-£50,000 that are 100% Government-backed.
UK-wide. Under the coronavirus Job Retention Scheme, all UK employers with a PAYE scheme will be able to access support to continue paying part of their employees’ salary for those that would otherwise have been laid off during this crisis.
People on low incomes and self employed are eligible for Universal Credit. From 6 April the standard allowance and basic element in Working Tax Credit will each increase by £20 on top of the planned uprating for 1 year.
A discretionary fund aimed at small businesses who were not eligible for the Small Business Grant Fund or the Retail, Leisure and Hospitality Fund. There will be three levels of grant payments up to a maximum of £25,000.
England only. The Government is providing additional funding for Local Authorities to support small businesses that already pay little or no business rates because of small business rate relief (SBRR), rural rate relief (RRR) and tapered relief.
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