Bounce Back Loan (BBL)
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.
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.
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.
Supports small and micro businesses that are not eligible for other grant schemes.
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.
The government has announced it will extend the temporary 15% VAT cut for the tourism and hospitality sectors to the end of March 2021.
Choose how and when you can delay making your second payment on account for the 2019 to 2020 tax year.
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.
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.
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.
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.
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 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.
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.