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Information about government schemes and support for businesses

Government schemes
and support for businesses affected by coronavirus

Products and government schemes that could be right for you

Loan schemes

Government loan scheme extensions

The government has announced an extension for new loan applications to 30 November 2020, along with changes to existing government schemes. We'll provide further details shortly, there's no need to contact us at this time.

Bounce Back Loan (BBL)

Lending from £2K to £50K over 6 years for businesses impacted by coronavirus. No interest payments for 12 months.

Apply for BBL with Royal Bank

BBL information on Gov.uk

Coronavirus Business Interruption Loan Scheme (CBILS)

Loans of up to £5 million and no interest payments for 12 months for small businesses affected by coronavirus.

Apply for CBILS with Royal Bank

CBILS information on Gov.uk

Coronavirus Large Business Interruption Loan Scheme (CLBILS)

Loan Terms and Revolving Credit Facilities to support businesses with a group turnover of over £45m, to access loans up to £200m.

Apply for CLBILS with Royal Bank

CLBILS information on Gov.uk

Covid-19 Corporate Financing Facility (CCFF)

This scheme helps large businesses affected by coronavirus through the purchase of their short-term debt.

CCFF information on Bank of England

Grant funds

Small Business Grant Fund (SBGF)

Small businesses based in Scotland which share properties but do not pay business rates are now eligible to apply for grants to help with the impact of Covid-19.

Eligible businesses are able to apply to their local authority for grants of up to £10,000.

Find out more

Future Fund

This scheme will issue convertible loans between £125,000 to £5 million to innovative companies which are facing financing difficulties due to the coronavirus outbreak.

More about Future Fund

Discretionary Grant Fund

Supports small and micro businesses that are not eligible for other grant schemes.

See if you're eligible

Self-employment Income Support Scheme (SEISS)

The government has announced an extension to the SEISS grant.

If you're self-employed and have been affected by coronavirus, you may be able to apply for two grants up until the end of April 2021. Check your eligibility and how to claim on the government website.

SEISS information on Gov.uk

Tax and rates

Tourism and Hospitality VAT reduction

The government has announced it will extend the temporary 15% VAT cut for the tourism and hospitality sectors to the end of March 2021.

For more information visit Gov.uk

Defer your Self Assessment payment

Choose how and when you can delay making your second payment on account for the 2019 to 2020 tax year.

More details on Gov.uk

If you can’t pay your tax bill on time

You may be able to delay some tax payments without paying a penalty, if you're unable to pay on time because you've been affected by coronavirus.

More information on Gov.uk

Help for non-domestic rate payers in Scotland

Businesses are facing acute challenges, and as such, all non-domestic properties in Scotland will get a 1.6% rates relief. Sectors that have been particularly impacted will receive further rates relief in Scotland for the 2020 to 2021 tax year.

Find out more

New Payment Scheme - VAT

Businesses that defer VAT will have the option to pay back in smaller installments interest free during the 2021/22 financial year.

For more information visit Gov.uk

Your employees

Job Support Scheme

The government will introduce the new Job Support Scheme from 1 November. It will run for 6 months to protect viable jobs in businesses that face lower demand in the winter months.

For more information visit Gov.uk

Coronavirus Job Retention Scheme (ending soon)

If you can’t maintain your current workforce due to the impact of coronavirus, you can apply for a grant to cover the majority of their wages.

More about CJRS

Statutory Sick Pay (SSP) due to coronavirus

If you're an employer, find out if you can use the Coronavirus Statutory Sick Pay Rebate Scheme to claim back employees' coronavirus-related Statutory Sick Pay (SSP).

Find out about SSP

Government support finder tool

Find out what financial support schemes you may be eligible for.

Support is available to employers and the self-employed, including sole traders and limited company directors. You may be eligible for loans, tax relief and cash grants. Use the support finder tool on the government website to find out what help you could receive.

Find government financial support

Re-opening your business

Things to think about when re-opening your business and information to help you understand how to protect customers and colleagues.

Guidance for businesses across the UK

Guidance and support for your business may be different, depending on where you are based. Find the latest information for your country below, or visit Gov.uk.

Businesses in Scotland

View the latest guidance

Businesses in Wales

View the latest guidance

Businesses in NI

View the latest guidance

Coronavirus (Covid-19) hub

See our latest guidance, support and advice relating to coronavirus. Find out what financial help is available and get business support to deal with the impacts.

BBL, CBILS and CLBILS are managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy & Industrial Strategy.

British Business Bank plc is a development bank wholly owned by HM Government. It is not authorised or regulated by the PRA or the FCA.

Visit british-business-bank.co.uk.

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