What Financial Support Has The Chancellor Announced?

Does your business need support?

You can contact MK Council on 01908 253794


The Government has launched a new ‘support finder’ tool which will help businesses and self-employed people across the UK to quickly and easily determine what financial support is available to them. 

For more details, please visit this link:



Bounce Back Loan

Britain’s small businesses will be able to apply for quick and easy-to access loans of up to £50,000 from today – with the cash expected to land within days.

For more information and how to apply:



Business Rates Relief

The Government have introduced a business rates holiday for retail, hospitality and leisure businesses.

For more information, click here:



Coronavirus Business Interruption Loan Scheme

The Coronavirus Business Interruption Loan Scheme (CBILS) provides financial support to smaller businesses affected by coronavirus (COVID-19).

For more information, click here:



Coronavirus Large Business Interruption Loan Scheme

This scheme helps large businesses affected by coronavirus (COVID-19) to access loans of up to £25 million.

For more information, click here:



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.

For more information, click here:



Job Retention Scheme

Find out if you’re eligible and how much you can claim to cover wages for employees on temporary leave ('furlough') due to coronavirus (COVID-19) here:



Self-Employment Income Support Scheme

If you're self-employed or a member of a partnership and have been adversely affected by coronavirus (COVID-19) find out if you can use this scheme to claim a grant here:



Statutory Sick Pay

Find out if you can use the Coronavirus Statutory Sick Pay Rebate Scheme to reclaim employees' coronavirus-related Statutory Sick Pay (SSP) here:




Plans to scrap VAT on e-books and e-newspapers have been significantly fast-tracked in a boost to readers and publishers during the coronavirus outbreak, the Chancellor announced.

For more information, click here:



This brief announces changes to UK VAT law to introduce a temporary zero rate for the supply of PPE recommended for use for protection from infection with coronavirus:



Temporary changes to the VAT payments due between 20 March 2020 and 30 June 2020 to help businesses manage their cash flow.

For more information, click here: