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Support for businesses affected by coronavirus

Whilst the full extent of the coronavirus (COVID-19) remains unknown and the UK's response to the virus is constantly evolving, the one thing that is clear is that the economic impact could be significant and far reaching.

The Chancellor has announced several measures to help businesses at this very difficult and uncertain time:

Business Loans, Rates and Grants

  • Government-backed loans worth £330bn will be made available to support businesses through the coronavirus crisis as part of "unprecedented" measures to help businesses and families.
  • Interest-free business interruption loans will be increased to £5m, up from £1.2m announced in last week's Budget. Additionally, no interest will be due for the first 6 months.
  • A 12-month business rates holiday for all shops, pubs, theatres, music venues, restaurants and any other hospitality or leisure business.
  • A cash grant of up to £25,000 for those businesses with a rateable value of less than £51,000.
  • A three-month mortgage holiday for those in difficulty because of coronavirus.
  • Cash grants of £10,000 to £70,000 for the smallest businesses.

Applications often require a cash flow forecast to support them.  If you need help with this - or with the application itself - please get in touch with us. 

 

CORONAVIRUS RESOURCES

Get In Touch

Please get in touch if you want to talk more about how we can help you.
We offer an initial consultation free of charge which gives us the chance to meet and discuss your needs, with no obligation.

Corporate Finance in Solihull

Lumaneri House, Blythe Gate, Blythe Valley Park, Solihull, B90 8AH

0121 693 5000

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Jerroms is a trading style of Jerroms Business Solutions Limited 08923059, Jerroms (Bromsgrove) Limited 08433008 and Jerroms Corporate Finance Limited 12112183 . 
Registered office for each of these companies is: Lumaneri House, Blythe Gate, Blythe Valley Park, Solihull, B90 8AH