Latest Blogs in Business Support
Whitings LLP
12th June 2020 Rebound and Recover Business Training Programme

Whiting & Partners are delighted to have launched a series of short presentations, to support business owners through the next few months, as they seek to grow their business.   Some businesses need to relaunch, some are dealing with major changes to their operations or supply chain and some may be managing a huge demand…

Scott Bishop
6th May 2020 Local Business Grants Scheme additional funds announced

On Saturday, the Government announced a top up to the local business grants scheme fund. While details are currently scarce, the scheme is aimed to help businesses that did not qualify for a grant under existing grant schemes.   The fund can be distributed at the discretion of local authorities, but will be aimed at…

Jason Jones
4th May 2020 Coronavirus Bounce Back Loan Scheme Now Open for Applications

Key features of the BBLS:   The scheme is a 100% government backed initiative for small businesses.   You can apply* for a loan between £2,000 and £50,000 (up to a maximum of 25% annual turnover), for 6 years.   No repayments required for the first 12 months, and you won’t pay any charges should…

Jason Jones
4th May 2020 Self-employed invited to get ready to make their claims for Coronavirus support

The claims service will open ahead of schedule on 13 May with money in bank accounts by 25 May.   HMRC have announced that from today (4 May) businesses can either go online to check their eligibility or wait to be contacted by HMRC.   https://www.gov.uk/government/news/self-employed-invited-to-get-ready-to-make-their-claims-for-coronavirus-covid-19-support   Scams   HMRC will contact eligible customers to…

Whitings LLP
29th April 2020 Coronavirus Business Interruption Loan Scheme (CBILS) update

Further changes to the Coronavirus Business Interruption Loan Scheme (CBILS) have been announced in order to speed up the provision of finance to small and medium-sized businesses under CBILS.   A joint statement from the seven largest SME lenders (Barclays Bank UK, Danske Bank, HSBC, Lloyds Bank, NatWest, Santander and Virgin Money) and UK Finance…

Trina Nunn
22nd April 2020 Government launches new Coronavirus business support finder tool

A new ‘support finder’ tool will help businesses and self-employed people across the UK to quickly and easily determine what financial support is available to them during the Coronavirus pandemic.   https://www.gov.uk/government/news/government-launches-new-coronavirus-business-support-finder-tool

Ian Piper
21st April 2020 Future Fund: New COVID-19 Support for Innovative Companies

As part of it`s support package for UK businesses during COVID-19, the Government have now launched, through the British Business Bank, a new initiative: Future Fund. This is aimed at helping businesses that regularly finance their operations through successive equity funding rounds (ie start-up TechCo`s).   Eligibility criteria: UK based businesses which have been operating…

Whitings LLP
27th March 2020 COVID-19: Organising your Business Finances

  Whilst the Government have announced a business finance support package, it is unlikely to be accessible for several days (the loans via the banks) or weeks (the grants via HMRC/Local Authorities). Not all businesses will meet the criteria for them anyway.  There is more to come from the Government, but in the meantime business…

Chris Ridgeon
26th March 2020 Help for the Self-Employed

The new Chancellor, Rishi Sunak, has announced this afternoon (26th March 2020) much needed support for the self-employed. This will be known as the Coronavirus Self-Employment Income Support Scheme.   As in any support, there are conditions and the detail will need to be scrutinised.   To be eligible for the scheme there are various…

Whitings LLP
25th March 2020 Job retention scheme furlough guidance – latest information

Many questions have been raised about how the scheme will operate. Based on the information published so far, here is ICAEW’s understanding of how the policy will work. https://www.icaew.com/insights/viewpoints-on-the-news/2020/mar-2020/coronavirus-job-retention-scheme-furlough-guidance