The Pensions Regulator

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My business is struggling with cashflow due to the coronavirus, what help is available to us?

We know that these are challenging times. If your business is struggling with cashflow as a result of the coronavirus, the government has published information about the support available for employers such as:

  • the Coronavirus Job Retention Scheme, if you are struggling with maintaining your current levels of staff
  • deferring VAT and Self-Assessment payments
  • a Statutory Sick Pay relief package for small and medium sized businesses
  • a 12-month business rates holiday for all retail, hospitality, leisure and nursery businesses in Great Britain
  • small business grant funding of £10,000 for all businesses in receipt of small business rate relief or rural rate relief
  • grant funding of £25,000 for retail, hospitality and leisure businesses with property with a rateable value between £15,000 and £51,000
  • the Coronavirus Business Interruption Loan Scheme offering loans of up to £5 million for small and medium sized business through the British Business Bank
  • a new lending facility from the Bank of England to help support liquidity among larger firms
  • the HMRC Time To Pay Scheme

Find out about the different support packages available on the Business Support website.

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