Lockdown 3: Support Available to Businesses and Individuals

Updated: 19th January, 2021

Following the third lockdown in England, as well as ongoing restrictions in Wales, we have pulled together the latest information on support from the Government.

Furlough scheme

The Coronavirus Job Retention Scheme has been extended until the end of April 2021. The Government will cover the cost of 80 per cent of the wages of furloughed employees for hours not worked – employers will only be asked to cover NICs and pension contributions.

Further information available here.

SEISS

The Self-Employment Income Support Scheme has been extended until the end of April 2021. The Government is now providing a third SEISS grant, covering 80 per cent of average trading profits between November and January 2021, capped at £7,500 in total. A fourth grant will be introduced to cover February to April.

Further information available here.

One-off grant for businesses in retail, leisure and hospitality

The Treasury has announced the availability of a £4,000 grant for businesses with a rateable value of £15,000 or under, £6,000 for businesses with a rateable value of between £15,000 and £51,000, and £9,000 for businesses with a rateable value of more than £51,000.

Further information available here.

Support for other businesses

In addition to grants worth £4bn, the treasury announced a further £594m has been made available to local councils to assist businesses impacted by the lockdown but not eligible for the new payments.

Loan schemes

The deadline has been extended until the end of March to access the Bounce Back Loan Scheme, Coronavirus Business Interruption Loan Scheme, and the Coronavirus Large Business Interruption Loan Scheme.

If you have any questions, don’t hesitate to get in touch with us at ChadStone on 01952 292729. We’d be happy to help.

Book Your Discovery Meeting!

No obligation and no charge. We may even have a biscuit or two.

Say hello

The Hangar
Hadley Park East
Telford 
Shropshire 
TF1 6QJ
Phone: 01952 292729 
Email: info@chadstonegroup.com