Business rates relief and reform
Business rates relief and reform may well be on the cards. Expect an extension to business rates relief in the Budget on 3 March and indications of the path business rate reform might take.
Business impact of Coronavirus
Latest Business Impact of Coronavirus Survey (BICS) shows short term pressures on businesses and mixed effects on turnover. CBI calls for long term national economic vision and strategy.
Kickstart changes
The government has announced changes to the Kickstart scheme, lowering the threshold from 30 placements to allow SMEs to apply direct to DWP when creating smaller numbers of job placements.
National Lockdown new one-off top up business support grants
Following the National Lockdown announced yesterday by the PM, the Chancellor announced new one-off top up business support grants for the retail, hospitality and leisure sectors worth up to £9,000. Additionally discretionary funds are also available for other businesses impacted by the lockdown.
Furlough Scheme extended until April 2021
Chancellor extends furlough scheme until the end of April 2021 and Covid-19 business loan schemes extended until the end of March.