Summary of government support

30th October 2020

Updated to reflect new developments

The government provides a number of financial support packages for business, the table below provides an overview of the grants and loans available.

Firm size

Turnover < £45m

Turnover > £45m

Investment grade

Bounce Back Loans (BBLs) up to £50k

X

X

X

Coronavirus Business Interruption Loan Scheme (CBILS) (£50k - £5m)

X

 

 

Coronavirus Large Business Interruption Loan Scheme (CLBILS)

 

X

X

Covid Corporate Financing Facility (CCFF)

 

 

X

Job Retention Scheme extended to March 2021

X

X

X

Business grants (depending on rateable value of property)

X

X

X

Tax & VAT deferral repayment schemes

X

X

X

Covering cost of statutory sick pay

X

X

X

Future Fund (if VC funded already)

X

X

 

NOTE: Investment grade refers to the quality of a company's credit 

The House of Commons Library has published a report on the various forms of government support.

Please check our Business after COVID Hub for more information and guidance.

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