June 3, 2020

UK Government Furlough and Self Employment Schemes Extended

The UK Government have now confirmed that the Job Retention Scheme, and the Self Employed Income Support Schemes have been extended to October, with some changes in the contriubions entering into force in the later months. Furlough Scheme Coronavirus Job Retention Scheme will continue until end of October furloughed workers across UK will continue to receive 80% of their current …

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May 13, 2020

UK Government Self-Employed Income Support Scheme: Open for Applications

The UK Government’s Self-Employed Income Support Scheme has opened for applications today and will run until May 18th. The scheme allows you to claim a taxable grant of 80% of your average monthly trading profits, paid out in a single instalment covering 3 months, and capped at £7,500 altogether. This is a temporary scheme, but it might be extended. If …

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April 21, 2020

Additional Support to Businesses: UK Government Futures Fund

The Future Fund will provide government loans to UK-based companies ranging from £125,000 to £5 million, subject to at least equal match funding from private investors. This fund will launch in May 2020. These convertible loans may be a suitable option for businesses that rely on equity investment and are unable to access the Coronavirus Business Interruption Loan Scheme. The …

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