Support for businesses

The Chancellor has set out a package of measures to support businesses during the disruption caused by COVID-19.

The package includes:

The Bank of England has also cut the Bank Rate to 0.1%. It has taken further measures to help ensure that this rate reduction will translate through to the real economy and that capital will be available for new lending. 

No business will be forced out of their premises if they miss a rent payment in the next three months. Further information about this can be found here.

The Government has provided financial support in the form of grant funding designed to help smaller businesses which is being administered through Local Authorities:

The guidance on support available for businesses published by the Department for Business, Energy and Industrial Strategy can be found here.

Further information for businesses can be found at: