News
Government launches Business Support Finder tool
22 April 2020
With an increasing array of Coronavirus business support measures available to different types and sizes of business, the Government has launched a new Support Finder tool to help businesses identify what support packages they could be eligible for.
The new tool asks for some basic information about a business, including turnover and the number of people it employs, before highlighting packages that could be suitable.
These include measures such as:
- The Coronavirus Job Retention Scheme (CJRS), which allows employers to furlough eligible staff and claim a grant in respect of up to 80 per cent of their usual wages, capped at £2,500 a month, plus employer National Insurance Contributions (NICS) and minimum automatic enrolment pension contributions.
- The Coronavirus Business Interruption Loan Scheme (CBILS), which enables businesses with a turnover of up to £45 million to access Government-backed loans of between £1,000 and £5 million.
- A three-month VAT payment deferral.
- A range of business rates breaks and grants.
The Business Support Finder can be found at: https://www.gov.uk/business-coronavirus-support-finder.
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