Pandemic Financial Support for November 2020 (England)

As a second national lockdown has now been announced, bringing with it shifts and changes in the various financial support packages available, we thought it may be helpful to round up the key points of each available scheme in one place. In this very stressful time, we hope it cuts through the noise and clarifies…

Job Support Scheme Expansion

We outlined the initial Job Support Scheme (unveiled as part of the Government’s winter plan for pulling the country’s economy through what looks to be a very difficult winter) in our blog which you can read here. Since then, on the 9th October, Rishi Sunak announced an expansion to the existing scheme- specifically to help…

Kickstart Scheme

As part of the Government’s Plan for Jobs, the Kickstart Scheme aims to provide 6-month work placements for 16-24 year olds who are unemployed and currently on Universal Credit. What jobs can be created? Organisations of any size and based anywhere in the UK can apply for funding to create placements. The placement you want…

Mental Health as a Business Owner or Entrepreneur

As the owner of a business or as a one-man-band entrepreneur, your mental health and wellbeing is absolutely paramount.  Running a business can be draining, all-consuming and full of ups and downs. Add to that the usual pushes and pulls of life; kids, relationships, non-work related commitments (and the occasional global pandemic) and you’ve got…

Job Support Scheme

Rishi Sunak’s plan for the winter includes the Job Support Scheme, which was outlined in a basic format on the 24th September 20.  With 12% of the UK’s workforce currently on partial or full furlough leave, the Job Support Scheme aims to stem the tide of redundancies as the furlough scheme comes to a close…

Job Retention Bonus

As part of Rishi Sunak’s ‘Plan for Jobs’, the Job Retention Bonus was devised to encourage businesses to continue the employment of their furloughed staff once the Coronavirus Job Retention Scheme comes to a close at the end of October. What is the payment? The bonus constitutes a one off, £1,000.00 payment per member of…

EIS & SEIS Tax Relief Schemes

The Government’s Enterprise Investment Scheme and Seed Enterprise Investment Schemes were introduced in 2012 to encourage investment in new start-up companies and early stage businesses. While they both offer tax relief incentives for investors, the EIS scheme is aimed at driving investment in early-stage businesses while the SEIS scheme is aimed at driving investment in…

Government Update re JRS & SEISS

On the 29th May 2020, Rishi Sunak (Chancellor of the Exchequer) laid out government plans to extend the Self-Employment Support Scheme as well as confirming the next steps in the evolution of the Job Retention Scheme which is currently supporting around 8.4 million employees across the country. Job Retention Scheme Timeline The changes hinted at…