Government launches new Coronavirus business support finder tool
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 during the coronavirus pandemic. The Support finder contains a new...
Future Fund
The Government had announced a £500m “Future Fund” to provide UK-based Innovative Companies with between £125,000 and £5m from the government if the cash is at least matched by private investors. The loans will convert to equity stakes — valued at a discount — if not...
Cocooning a Business
The purpose of this guidance is to give an overview of what, why and how a business might be cocooned (or mothballed) in response to the change in trading environment arising from Covid-19. What is Cocooning? Cocooning, or mothballing, is a temporary suspension of a...
Increase in working tax credits
The government has announced that Working Tax Credits payments will be increased from 6 April 2020. As part of a number of measures to support the country during the COVID-19 pandemic, the basic element of Working Tax Credit has been increased by £1,045 to £3,040 from...