Coronavirus: Existing Government Support for Business

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Xeinadin Group

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Here is a list of the current support available to businesses and the self employed during the pandemic as at the 4th January 2021:

  1. 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
  2. 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
  3. 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
  4. Devolved administrations have similar schemes for businesses in Scotland, Wales, Northern Ireland
  5. Furlough remains at 80% wages – extended to 30th April – claim via HMRC website
  6. Bounce Back Loans can be topped up to a max of 25% turnover, applications have been extended to 31st March 2021
  7. CBILSCLBILS also extended to 31st March 2021 – speak to Steven Lindsay, Corporate Finance Partner at KJG for more information and to apply
  8. SEISS grants for self-employed unincorporated businesses
  9. Universal Credit for self-employed

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