There have been a number of developments in financial support packages, including a completely new initiative for small business grants, announced over the weekend, and they are detailed below, along with some practical issues around the claims for Job Retention Scheme grants.
The new scheme, given the somewhat more populist title of “Bounce Back Loans” (BBLS?) have most of the compelling features of their big brother, plus added features that are promised to make them much more easy to obtain.
There has been a lot of concentration on the Job Retention Scheme recently, but there has also been an update to the guidance for the self-employed.
The headline change has been to amend the date on which an employer is required to have had a payroll scheme in operation.
There has been an important update on the mechanism for claiming the “furlough” grants under the Job Retention Scheme, and that is covered below, along with some other updates.