Schemes to support business owners
Coronavirus Business Interruption Loan Scheme
South West Business Council (SWBC) have been working with the Regional Bank Directors and the Local Enterprise Partnership (LEP) to prepare a document to provide a template for those seeking loan funding and as a practical guide to support your business recovery plan.
The guidance notes are prepared in accordance with the recommendations from the British Business Bank.
The Coronavirus Statutory Sick Pay Rebate Scheme
This online service is for small and medium-sized employers to recover Statutory Sick Pay (SSP) payments they have made to their employees.
The Coronavirus Statutory Sick Pay Rebate Scheme is part of a package of support measures for businesses affected by the COVID-19 outbreak.
This scheme will allow small and medium-sized employers, with fewer than 250 employees, to apply to HMRC to recover the costs of paying coronavirus-related SSP.
Tax agents will also be able to make claims on behalf of employers.
Other business finance support options
You can find details of other government measures to support public services, people and businesses through this disruption on the Government’s Business Support website.
Guidance and support for your business during this period of uncertainty
The British Business Bank and The Institute of Chartered Accountants in England and Wales (ICAEW) have created new content to help businesses that are facing financial and operational challenges as a result of the coronavirus outbreak. You can view this regularly updated guidance at the Business Finance Guide website.