The situation in relation to the coronavirus is rapidly evolving and information and advice is changing every day.
To help keep you informed and abreast of the latest developments, we'll continue to update this webpage with the latest government announcements - sharing with you what we know when we know it.
Support available to SMEs
A handy guide to help you
On 3rd March Rishi Sunak introduced a number of new measures of support for SMEs as part of his budget. He also extended some of the existing schemes as well as announcing some new initiatives designed to support the survival, growth and development of businesses.
From the extension of furlough to a continuance of business rate relief for retail, hospitality and leisure, right through to grants, a new VAT deferral scheme plus much more.
We thought it would be helpful to have a handy summary of the key things that may be relevant to a SME business from a cash flow and growth perspective.
We have therefore produced a short summary guide which includes links to further details on each initiative.
Download our guide here
Working hard in London to get more financial support for SMEs
We are deeply concerned about the plight of the smaller businesses across the UK during COVID-19 and are working 'behind the scenes' to try and influence the government to look at introducing more support for SMEs. For more information, please read Gerry Collin's blog.
Summary of the Chancellor's 2021 Budget
Chancellor Rishi Sunak presented his second Budget as the UK continues to face major economic uncertainly as a result of the Covid-19 pandemic. His statement attempted to strike a balance between providing support to the economy and protecting jobs as the lockdown restrictions continue, whilst recognising that taxes will need to rise to tackle the record levels of government debt.
Please download our summary, which includes the key COVID-19 support measures from the Budget.
You can also use the government business support coronavirus support finder tool to get a tailored report and links to the support available to you.
We hope you find these resources helpful. We will continue to keep you informed, as far as possible, over the coming weeks.
As usual, if you wish to discuss any matter in detail or require bespoke support from us then please contact your usual Ecovis contact.
In the meantime please stay well and healthy.