Here we provide a short summary of the government initiatives in place to assist businesses that have been adversely affected during the coronavirus pandemic.
Coronavirus Business Interruption Loan Scheme (CBILS)
A loan scheme available for SMEs through more than 40 accredited lenders across the UK.
Coronavirus Large Business Interruption Loan Scheme (CLBILS)
Finance for medium-sized and larger UK businesses with a group turnover of more than £45m suffering from cashflow disruption or deferred revenues.
Bounce Bank Loan Scheme (BBLS)
Loans of up to £50,000 for small and micro businesses, in all sectors, that are losing revenue and seeing their cashflow disrupted.
Future Fund
Convertible loans aimed at assisting ‘innovative UK companies with good potential’.
The government 's business support website offers guidance on government measures to support public services, people and businesses.
Torgersens’ business support helpline for queries relating to COVID-19
Our helpline is available to support local business owners who have queries relating to accounting, tax or how to access support during the COVID-19 crisis.
The helpline is a free, email-based service available to any business that requires assistance during this difficult and stressful time.
The next step
You can access the helpline by emailing your query to enquiries@torgersens.com. Please ensure that you include the following information in your email:
- Your name
- Your company name
- Your telephone number
- Brief details of your query
We will aim to email or call you within 24 hours of your email reaching us, between Monday and Friday.
The information provided in this blog is for general informational purposes only and should not be considered professional advice. As far as we are aware, the content is accurate at time of publication. Torgersens assumes no responsibility for errors or omissions in the content or for any actions taken based on the information provided.
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