Angus Brewer Business & Tax Consultant

As the fallout from the Coronavirus pandemic continues, many businesses are facing real challenges right now.

Thankfully, emergency funding of £330 billion will be put aside from the Government’s financial support package for businesses of all sizes in a bid to help those impacted by Coronavirus.

Rishi Sunak has vowed to do “whatever it takes” to help the economy with an “unprecedented package” including Government-backed loans equivalent to 15 per cent of GDP, with the potential to be extended further depending on the demand.

What’s Included in COVID-19 Emergency Funding?

Full details of how these initiatives will work are due for release early next week. Further initiatives are also expected in the next few days focused on employment related issues.

Last updated: 19/03/2020
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