Information about government schemes and support for businesses

Government schemes
and support for businesses affected by coronavirus

An overview of the government support available. Includes Bounce Back Loan, job retention scheme, business rate holidays, Covid Corporate Financing Facility and tax support.

Products and government schemes that could be right for you

Loan schemes

Bounce Back Loan (BBL)

Lending from £2K to £50K over 6 years for business 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 British Business Bank

Self-employment Income Support Scheme (SEISS)

If you're self-employed and have been affected by coronavirus, you may be eligible for a taxable grant. See if you're eligible and how to claim on the government website.

SEISS 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

Government grants

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

Retail, Hospitality and Leisure Grant Fund (RHLGF)

A fund supporting businesses in the retail, hospitality and leisure sectors during coronavirus. If your businesses is in one of these sectors, you may be able to claim a one-off cash grant of up to £25,000 from your local council.

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

Tax and rates relief

VAT reductions announced

The government have announced cuts to VAT for the hospitality and tourism sectors. Rates will be reduced from 20% to 5% and will apply from 15 July 2020 to 12 January 2021.

See if you could benefit on Gov.uk.

Defer your Self Assessment payment due to coronavirus

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 you 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

Deferral of VAT payments due to coronavirus

The VAT payments deferral scheme ended on 30 June 2020. If you’re a UK VAT-registered business that deferred VAT payments between 20 March 2020 and 30 June 2020 please visit the government website.

More information on Gov.uk

Support employees

Coronavirus Job Retention Scheme

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 the scheme

Statutory Sick Pay due to coronavirus (Covid-19)

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).

More about this scheme

Eat out to help

Eat out to help government scheme

Incentivise customers to eat out in your restaurant or other eating establishment by giving them a discount which you can then claim back from the government.

More details on the scheme

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

The actions to consider when re-opening your business

The actions to consider 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

Businesses in Wales

Businesses in NI

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.

The Bounce Back Loan Scheme (BBLS), Coronavirus Business Interruption Loan Scheme (CBILS) and the Coronavirus Large Business Interruption Loan Scheme (CLBILS) are managed by the British Business Bank on behalf of, and with the financial backing of the Secretary of State for Business, Energy and Industrial Strategy (BEIS). British Business Bank plc is wholly owned by HM Government and is not authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA). 

Full details on BBLS, CBILS and CLBILS and the list of participating BBLS, CBILS, and CLBILS lenders can be found on the British Business Bank website: www.british-business-bank.co.uk.

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