Financial support schemes
Last updated 13 August 2021
Coronavirus support is available from the government to employers and the self-employed. You may be eligible for loans, tax relief and cash grants. You can visit GOV.UK for information about support for businesses.
You can also use the business support finder to see what support is available for you and your business.
Coronavirus Job Retention Scheme
If you cannot maintain your current workforce because your operations have been severely affected by coronavirus you can furlough employees and apply for a grant that covers 80% of their usual monthly wage costs. This is up to £2,500 a month, plus the associated Employer National Insurance contributions and pension contributions - up to the level of the minimum automatic enrolment employer pension contribution - on that subsidised furlough pay.
From the start of July, furloughed workers will be able to return to work part-time. You'll be asked to pay a percentage towards the salaries of your furloughed staff.
The government has confirmed that the scheme will continue until 31 March 2021.
Statutory Sick Pay Rebate Scheme
Small businesses and employers across the UK who have paid Statutory Sick Pay (SSP) to staff taking coronavirus-related leave can now claim this back.
If you're an employer with less than 250 employees, you can claim for coronavirus related Statutory Sick Pay. You can also speak to your tax agent about making claims on your behalf. The repayment will cover up to 2 weeks Statutory Sick Pay starting from the first day of sickness.
You can find more information about Statutory Sick Pay on GOV.UK.