Here is a list of the current support available to businesses and the self employed during the pandemic as at the 4th January 2021:
- Local Restrictions Support Grant (LRSG (Open) but trade affected) – this is only for tier 2 & 3 businesses in England but can be claimed retrospectively if you haven’t claimed yet – claim through your Local Authority
- The Local Restrictions Support Grant (LRSG (Closed) Addendum) for businesses in England who were instructed to close between the 5th November and the 2nd December 2020 – we expect this scheme will be used for the new grants announced on the 4th January – claim via Local Authority
- The Additional Restrictions Grant (ARG) for businesses in England who do not pay business rates (discretionary criteria set by each local authority) – claim via Local Authority
- Devolved administrations have similar schemes for businesses in Scotland, Wales, Northern Ireland
- Furlough remains at 80% wages – extended to 30th April – claim via HMRC website
- Bounce Back Loans can be topped up to a max of 25% turnover, applications have been extended to 31st March 2021
- CBILS & CLBILS also extended to 31st March 2021 – speak to Steven Lindsay, Corporate Finance Partner at KJG for more information and to apply
- SEISS grants for self-employed unincorporated businesses
- Universal Credit for self-employed