shutterstock_530884738-3
Posted on

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.

About the Author

Martin Johnson Image

Martin Johnson

Partner
With expertise in advising family-owned companies on a range of tax, accountancy and business issues, Martin also has an in-depth knowledge of the automotive and property sectors. In addition, he provides advice on inheritance tax planning and financial management to owner-managed businesses.  Martin leads the firm in developing its expertise in the buy-to-let sector, advising both residential and commercial property owners on relevant tax and legislation issues. A further element to Martin’s role is to build Torgersens’ relationships with banks, financial advisors and specialists in commercial and employment law to ensure that the firm’s clients have access to market-leading guidance.  

To get in touch please e-mail martin.johnson@torgersens.com.

Share this story...

More Stories

Bradley Lowery Foundation - an update

Bradley Lowery Foundation - an update

What’s your policy on scanning QR codes?

What’s your policy on scanning QR codes?

Understanding the pros and cons of the VAT Flat Rate Scheme

Understanding the pros and cons of the VAT Flat Rate Scheme