Coronavirus: Find Financial Support
Coronavirus (COVID-19): This page helps businesses find out how to access the support that has been made available, who is eligible, when the schemes open and how to apply.
Support scheme Support organisation Coronavirus Job Retention Scheme | UK-wide Government will cover 80 per cent of business staff wages, up to £2,500 per employee per month. HMRC Business Rates Holiday | NI only Three-month rates holiday for Northern Ireland non-domestic ratepayers (excluding public sector and utilities). Land & Property Services (LPS) Deferral of Self- Assessment Payment | UK-wide The Self- Assessment payment on account, that is ordinarily due to be paid to HMRC by 31 July 2020 may now be deferred until January 2021. HMRC Support for Businesses Paying Tax| UK-wide All businesses and self-employed people in financial distress, and with outstanding tax liabilities, may be eligible to receive support with their tax affairs through HMRC’s Time To Pay service. HMRC Self-Employment Income Support Scheme (SEISS) | UK-wide Self-employed individuals or members of partnerships can claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 per month for 3 months. HMRC VAT Deferral | UK-wide The UK government will defer Valued Added Tax (VAT) payments due between 20 March 2020 and 30 June 2020. VAT refunds and reclaims will be paid by the government as normal. HMRC Coronavirus Business Interruption Loan Scheme | UK-wide The temporary Coronavirus Business Interruption Loan Scheme (CBILS) will support small and medium-sized businesses with access to loans, overdrafts, invoice finance and asset finance of up to £5 million and for up to six years. British Business Bank Statutory Sick Pay Rebate | UK-wide The UK government is to bring forward legislation to allow small and medium-sized businesses to reclaim Statutory Sick Pay (SSP) paid for staff sickness absence due to coronavirus. HMRC Covid-19 Corporate Financing Facility | UK-wide The new Covid-19 Corporate Financing Facility (CCFF) means that the Bank of England will buy short-term debt from larger companies. Bank of England £25,000 Grant for Hospitality, Tourism and Retail Sector Ratepayers | NI only £25,000 grant for Northern Ireland companies in the retail, tourism and hospitality sectors with a rateable value between £15,000 and £51,000. Department for the Economy (DfE), Land & Property Services (LPS) £10,000 Small Business Support Grant Scheme | NI only £10,000 grant available to Northern Ireland businesses eligible for the Small Business Rate Relief Scheme. Department for the Economy (DfE), Land & Property Services (LPS)
