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Support for Business

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£330 billion of loans and guarantees for businesses
12 month business rates holiday
Mortgage Payment Holidays
Allowing Pubs and restaurants to provide takeaways
Confirming that businesses can claim on appropriate insurance
£25,000 in grants
£10,000 Grants

• A £330 billion package of loans and guarantees is being provided to support small and medium businesses – that’s worth 15 per cent of our GDP.

• All businesses in the retail, hospitality and leisure sectors will nothave to pay business rates – meaning that none of these.

• Increasing grants for the smallest businesses from £3,000 to £5,000.

• Small and medium-sized businesses will be supported to cope with the extra costs of paying Statutory Sick Pay (SSP) by refunding eligible SSP costs. The criteria for eligible businesses are:

- The refund will be limited to two weeks per employee who has claimed SSP as a result of Covid19.  
- Employers with fewer than 250 employees will be eligible.
- Employers should keep records but should not require employees to provide a doctor’s note.
- The eligible period will commence from the day on which regulations extending SSP come into force.
- The Government is working with employers over the coming months to set up the repayment mechanism for employers as soon as possible.

• Businesses and self-employed people may be eligible to receive support with their tax affairs through HMRC’s Time to Pay service. Arrangements are agreed case-by-case. Businesses can contact HMRC’s new dedicated COVID-19 helpline from 11 March 2020 for advice. 

• Planning rules will be relaxed so pubs and restaurants can operate as hot food takeaways during the coronavirus outbreak.

See Also
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A message from Chief Medical Officer Chris Whitty

A message from Chief Medical Officer Chris Whitty 

 

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If you live alone and you have symptoms of coronavirus illness (COVID-19), however mild, stay at home for 7 days from when your symptoms started.

£330 billion of loans and guarantees for businesses

Support for Business

• A £330 billion package of loans and guarantees is being provided to support small and medium businesses – that’s worth 15 per cent of our GDP.

• All businesses in the retail, hospitality and leisure sectors will nothave to pay business rates – meaning that none of these.

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Mark Fletcher MP for Bolsover

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