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Chancellor Rishi Sunak has set out a package of temporary, targeted measures to support public services, people and businesses through the period of disruption caused by COVID-19.

18 Mar 2020

Chancellor Rishi Sunak has set out a package of measures to support public services, people and businesses through the period of disruption caused by COVID-19. 

Measures announced to support businesses including the significant package of measures announced on 17 March 2020:

  • grant funding of £10,000 for small firms in receipt of Small Business Rate Relief (SBRR) and Rural Rates Relief
  • grant funding of £25,000 for certain businesses in the retail, hospitality and leisure sectors
  • a 12-month business rates holiday for businesses in the retail, hospitality and leisure sectors
  • a temporary Coronavirus Business Interruption Loan Scheme to support businesses in accessing bank lending and overdrafts
  • extended access to Statutory Sick Pay (SSP), with reliefs available to SMEs
  • expanded access to HMRC's Time to Pay scheme.

Find out more on these measures and the impact on your business.

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