The practical help we, as accountants, are giving to support our clients today, and how we plan to keep on helping them in the future.
Local Authority discretionary Grant Funding for SMEs may be available from your Local Authority following a Top Up of grant funding by the government. If your business employs less than 50 people and has seen a significant drop in income due to Coronavirus restriction measures but did not qualify for the Small Business Grant Fund or the Retail, Hospitality & Leisure Grant Fund, help could be on the way.
So far SMEs have only received just under 50% of the grant funding allocated by the government through the SMB & RHL grant funds. The average across Derbyshire is 48%. If you have not heard from your Local Authority, get in touch with them.
What changes can we expect to the Coronavirus Business Interruption Loan Scheme, following Alok Sharma’s briefing 1 April 2020?
We recap on the the grant funding available from local authorities – the Small Business Grant Fund and the Retail, Hotel and Leisure Grant Fund and the possible timescales involved.