Jobs Support Scheme
The UK Government announced the Jobs Support Scheme on 24 September.
See our information about supporting staff for more details.
Job Retention Scheme (furlough)
The Government’s Coronavirus Job Retention Scheme partially pays salaries of those who cannot work due to the coronavirus crisis, in order to avoid employers making redundancies. It has been extended to the end of September 2021 with employees receiving 80% of their current salary for hours not worked.
The Kickstart Scheme provides funding to employers to create new 6-month job placements for young people aged 16 – 24 who are currently on Universal Credit and at risk of long-term unemployment.
If you are employing less than 30 Kickstart roles you need to apply through an intermediary representative organisation.
To register your interest please contact us at firstname.lastname@example.org
In addition to specific funding for charities and voluntary organisations to help them deal with the effects of coronavirus, some organisations with premises may be able to access extra rates reliefs (discounts) and one-off grants from the Scottish Government.
You can find more details of business support schemes at FindBusinessSupport.gov.scot
Recovery Loan Scheme
The Recovery Loan Scheme is a new loan scheme announced by the Chancellor in the March 2021 budget. It will replace the Coronavirus Business Interruption Loan Scheme (CBILS) and the Bounce Back Loan Scheme.
The scheme launches on 6 April and is open until 31 December. Loans will be available through a network of accredited lenders, whose names will be made public in due course.
Deferred Tax Bills
The Chancellor has announced that VAT deferrals due in March can now be spread over 11 smaller repayments with no interest to pay. For self-assessments, the outstanding tax bill can be spread over 12 months from January.
The Strategic Framework Business Fund closed to new applications on 22 March.
CLOSED – Coronavirus Business Interruption Loan Scheme (CBILS)
The CBILS scheme helped small and medium-sized businesses to access loans and other kinds of finance up to £5 million.
The Coronavirus Business Interruption Loan Scheme closed to new applications on 31 March 2021.
CLOSED – The Resilience & Recovery Loan Fund (RRLF)
The Resilience & Recovery Loan Fund (RRLF) offered loans of between £100,000 and £1,500,000.
The Resilience & Recovery Loan Fund closed to new applications on 31 March 2021.
CLOSED – Bounce Back Loans
The Bounce Back Loan scheme helped small and medium-sized businesses to borrow between £2,000 and £50,000.
The Bounce Back Loan Scheme closed to new applications and top-up applications on 31 March 2021.