6. Coronavirus Large Business Interruption Loan Scheme (CLBILS) provides financial support to larger businesses affected by coronavirus

7. COVID-19 Corporate Financing Facility

Under the COVID-19 Corporate Financing Facility (CCFF), the Bank of England will buy short-term debt from large companies.

This scheme will support your company if it’s been affected by a short-term funding squeeze, and allow you to finance your short-term liabilities.  It will also support corporate finance markets overall and ease the supply of credit to all firms.

The scheme is delivered through commercial lenders, backed by the Bank of England.

It will operate for at least 12 months, and for as long as steps are needed to relieve cash flow pressures on firms that make a material contribution to the UK economy.

Eligibility

Companies – and their finance subsidiaries – that make a material contribution to the UK economy are able to participate.

Check on the Bank of England website.

How to apply

The full rules of the scheme and guidance on how to apply is available on the Bank of England website.

8. Coronavirus Future Fund

The Future Fund provides government loans to UK-based companies ranging from £125,000 to £5 million, subject to at least equal match funding from private investors.

These convertible loans may be an option for businesses that rely on equity investment and are unable to access other government business support programmes because they are either pre-revenue or pre-profit.

The scheme is open for applications until the end of September 2020.

Eligibility

Your business is eligible if:

• it is UK-incorporated – if your business is part of a corporate group, only the parent company is eligible
• it has raised at least £250,000 in equity investment from third-party investors in the last 5 years
• none of its shares are traded on a regulated market, multilateral trading facility or other listing venue
• it was incorporated on or before 31 December 2019
• at least one of the following is true:
  • half or more employees are UK-based
  • half or more revenues are from UK sales

Check eligibility – https://www.uk-futurefund.co.uk/s/eligibility

9. Small Business Grant

Under the Small Business Grant Fund, all businesses in England in receipt of either Small Business Rate Relief or Rural Rate Relief in the business rates system will be eligible for a payment of £10,000, providing they meet the eligibility rules given here.

To be included a business must be eligible for either relief as at 11 March 2020 and have a rateable value of £15,000 or less.

Some businesses are excluded from this scheme. They are:

• Businesses occupied for personal uses, such as private stables and loose boxes, or moorings
• Car parks and parking spaces
• Businesses that as of 11 March were in liquidation, or were dissolved are not eligible

The person who the billing authority have identified as the ratepayer in respect of the business premises on that day will be eligible for the grant.

10. Retail, Hospitality and Leisure Grant

Under the Retail, Hospitality and Leisure Grant eligible businesses in England in receipt of the Expanded Retail Discount (which covers retail, hospitality and leisure) with a rateable value of less than £51,000 will be eligible for cash grants of £10,000 or £25,000 per property.

Eligible businesses in these sectors with a property that has a rateable value of up to and including £15,000 will receive a grant of £10,000.

Eligible businesses in these sectors with a property that has a rateable value of over £15,000 and less than £51,000 will receive a grant of £25,000.

Some businesses are excluded from this scheme. They are:

• Recipients eligible for the Small Business Grant Fund will not be eligible for the Retail, Hospitality and Leisure Grant
• Businesses occupied for personal uses, such as private stables and loose boxes, or moorings
• Car parks and parking spaces
• Businesses that as of 11 March 2020 were in liquidation, or were dissolved are not eligible
• Hereditaments with a rateable value of £51,000 or over
  The person who the billing authority have identified as the ratepayer in respect of the business premises on that day will be eligible for the grant.

11. Top-up to local business grant funds scheme

UPDATED: 5th May 2020
A discretionary fund has been set up to accommodate certain small businesses previously outside the scope of the business grant funds scheme.

This additional fund is aimed at small businesses with ongoing fixed property-related costs. We are asking local authorities to prioritise businesses in shared spaces, regular market traders, small charity properties that would meet the criteria for Small Business Rates Relief, and bed and breakfasts that pay council tax rather than business rates. But local authorities may choose to make payments to other businesses based on local economic need. The allocation of funding will be at the discretion of local authorities.

Businesses must be small, under 50 employees, and they must also be able to demonstrate that they have seen a significant drop of income due to Coronavirus restriction measures.

There will be three levels of grant payments. The maximum will be £25,000. There will also be grants of £10,000. local authorities will have discretion to make payments of any amount under £10,000. It will be for councils to adapt this approach to local circumstances.

Further guidance for local authorities will be set out shortly.

MORE: https://www.gov.uk/government/news/top-up-to-local-business-grant-funds-scheme

12. Support for Businesses paying sick pay to employees

15. Support for businesses paying tax

16. Support for businesses through deferring VAT and Income Tax payments

Businesses can defer Valued Added Tax (VAT) payments for 3 months. If you’re self-employed, Income Tax payments due in July 2020 under the Self-Assessment system will be deferred to January 2021.

17. Insurance