After careful consideration and closely monitoring COVID-19,  we have made the decision to initiate moving to virtual support either by Telephone or Video Calls.  You will still be able to receive support from Nwes during this time. If you would like to book a remote appointment or attend one of our virtual training sessions please contact us

Additionally, we have included some information below about the support available to businesses during this period.


Coronavirus Bounce Back Loan
This scheme will allow businesses to borrow between £2,000 and £50,000. The government will guarantee 100% of the loan and there won’t be any fees or interest to pay for the first 12 months. The term of the loans will be up to 6 years and the government will work with lenders to agree a low rate of interest for the remaining period of the loan.

The scheme will go live from Monday 4th May 2020 and cash will be released within days for eligible businesses.

Please find further details here:


Self-employment Income Support Scheme 
This scheme will allow you to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 a month. It will be available for 3 months, but may be extended.

The grant will be subject to Income Tax and National Insurance contributions but does not need to be repaid.

You can make a claim for Universal Credit while you wait for the grant, but any grant received will be treated as part of your self-employment income and may affect the amount of Universal Credit you get. Any Universal Credit claims for earlier periods will not be affected.

If you receive the grant you can continue to work or take on other employment including voluntary work.

If you have other employment as a director or employee which is paid through PAYE your employer may be able to get support using the Job Retention.

Please find further details here:

How HMRC works out total income and trading profits for the Self-employment Income Support Scheme –


HMRC eligibility checker tool 
If you’re self-employed, or a member of a partnership, and have been adversely affected by coronavirus (COVID-19) you can now use the new HMRC eligibility checker tool to find out if you can use this scheme to claim a grant.

To do this you will need:

    • Self Assessment Unique Taxpayer Reference (UTR) number
    • National Insurance number


Please find further details here:


The Coronavirus Business Interruption Loan Scheme (CBILS)
Now available through participating lenders, click here or on the image below for further information.


Extended Coronavirus Business Interruption Loan Scheme (CBILS)
The Government has extended the CBILS so that all viable small businesses affected by COVID-19, and not just those unable to secure regular commercial financing, will now be eligible should they need finance to keep operating during this difficult time.

The government is also stopping lenders from requesting personal guarantees for loans under £250,000 and making operational changes to speed up lending approvals. The government will continue to cover the first twelve months of interest and fees.

Please find further details here:


New Coronavirus Large Business Interruption Loan Scheme (CLBILS)
The new CLBILS will ensure that more firms are able to benefit from government-backed support during this difficult time. It will provide a government guarantee of 80% to enable banks to make loans of up to £25 million to firms with an annual turnover of between £45 million and £500 million.

Loans backed by a guarantee under CLBILS will be offered at commercial rates of interest and further details of the scheme will be announced later this month.

Please find initial details here:


Coronavirus Job Retention Scheme
If you cannot maintain your current workforce because your operations have been severely affected by coronavirus (COVID-19), you can furlough employees and apply for a grant that covers 80% of their usual monthly wage costs, up to £2,500 a month, plus the associated Employer National Insurance contributions and pension contributions (up to the level of the minimum automatic enrolment employer pension contribution) on that subsidised furlough pay.

This is a temporary scheme in place for 3 months starting from 1 March 2020, but it may be extended if necessary and employers can use this scheme anytime during this period. It is designed to help employers whose operations have been severely affected by coronavirus (COVID-19) to retain their employees and protect the UK economy. However, all employers are eligible to claim under the scheme and the government recognises different businesses will face different impacts from coronavirus.

Please find further details here:


Support for businesses that pay little or no business rates
The Government will provide additional Small Business Grant Scheme funding for local authorities to support small businesses that already pay little or no business rates because of small business rate relief (SBRR), rural rate relief (RRR) and tapered relief. This will provide a one-off grant of £10,000 to eligible businesses to help meet their ongoing business costs.


Top-up to local business grant funds scheme

A discretionary fund has been set up to accommodate certain small businesses previously outside the scope of the business grant funds scheme.

Please find further details here:


Support for businesses who are paying sick pay to employees
The Coronavirus Statutory Sick Pay Rebate Scheme will repay employers the current rate of SSP that they pay to current or former employees for periods of sickness starting on or after 13 March 2020.

If you’re an employer who pays more than the current rate of SSP you can only claim the current rate amount.

The repayment will cover up to 2 weeks starting from the first day of sickness, if an employee is unable to work because they either:

  • have coronavirus
  • cannot work because they are self-isolating at home

Employees do not have to give you a doctor’s fit note for you to make a claim.

Please find further details here:


Extension to File Accounts
Businesses can apply for an additional three months to file accounts with Companies House to help companies avoid penalties as they deal with the impact of coronavirus.

Please find further details here:


Deferring VAT payments
The Government has confirmed it will defer VAT payments for three months to support businesses. The deferral will apply from 20 March 2020 to 30 June 2020. This is an automatic offer with no applications required.

Please find further details here:


Self-assessment Payments deferred
Income Tax payments due in July 2020 under the Self-Assessment system will be deferred until January 2021. This is an automatic offer with no applications required.

Please find further details here:


Enforced Business Closures
The Government has published guidance about the businesses and premises that must close. Businesses that do not follow the rules will be subject to prohibition notices, and fixed penalties.

Please find further details here:


Ban on Evictions for Commercial Tenants
Commercial tenants who cannot pay their rent because of coronavirus will be protected from eviction. Under the measures, no business will be forced out of their premises if they miss a payment in the next three months.

Please find further details here:


For the most up to date information on how the Government is supporting small businesses visit:




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