Government financial support to businesses and self-employed members

The government has announced a range of financial support measures for people in business.

See for full details of the support available.

If I am self-employed or in a partnership. What support is available?

The Coronavirus Self-employment Income Support Scheme allows self-employed workers or members of a partnership who have lost income due to coronavirus to claim a grant of up to 80% of their trading profits up to a maximum of £2,500 per month for the next 3 months.

See further details on eligibility criteria and how to apply for the scheme.

(Last reviewed 15 Oct 2020)

I run a business. Is there any relief available for Statutory Sick Pay paid to staff as a result of Coronavirus?

The government is allowing small and medium sized business employers to reclaim Statutory Sick Pay (SSP) paid for sickness absence due to COVID-19.

See further details including eligibility criteria.

(Last reviewed 15 Oct 2020)

I run a business. How can I continue to pay my staff?

The Coronavirus Job Retention Scheme allows all UK employers with a PAYE scheme who have asked staff to stop working but otherwise are being kept on payroll - furloughed workers - to receive a reimbursement of 80% of their wages, up to £2,500 per month.

See details on eligibility and how to apply for the scheme.

(Last reviewed 15 Oct 2020)

I rent my work property and am worried about losing it. What protection is available?

The government has announced that commercial tenants who cannot pay their rent will be protected from eviction. No business will automatically forfeit its lease for a missed payment up to 30 June.

See further information.

(Last reviewed 15 Oct 2020)

I run a business. How can I continue to cover other non-staff related expenditure?

If you are a small business paying little or no business rates because of small business rate relief, rural rate relief (SBRR) or rural rate relief (RRR), the government is providing additional Small Business Grant Scheme funding to local authorities with will provide a one-off grant of £10,000 to eligible businesses to meet ongoing business costs.

See further information.

The Coronavirus Business Interruption Loan Scheme has been set up to support businesses with access to financing with no upfront costs and lower initial repayments. There are 40 accredited lenders able to offer the scheme including all major banks.

See further details.

(Last reviewed 15 Oct 2020)

I have a tax bill due. What relief is available?

VAT and Income Tax payments have been deferred by 3 months. This is an automatic offer with no applications required. Those paying by direct debit will need to cancel these to ensure the amounts are not automatically collected.

See further information.

(Last reviewed 15 Oct 2020)

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