The Pensions Regulator

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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