And just in case you missed the announcement last week, the CJRS scheme has been extended for a further month – to the end of June 2020. Claims are therefore available for a potential four months, from 1 March 2020 to 30 June 2020.
Early indications seem to be mixed, but those who have managed to login to the portal have found the process fairly straight forward.
If you are encountering problems, there is an HMRC helpline. Apparently, 5000 HMRC staff will be manning the phone lines, but as there are many more businesses that are likely to be making claims expect holding delays if you need to call.
For those in need, the information you will need to make a claim is:
You should make sure you have this information ready before you access the system to make a claim.
Also announced today:
Government Future Fund
The Future Fund will provide government loans to UK-based companies ranging from £125,000 to £5 million, subject to at least equal match funding from private investors.
These convertible loans may be a suitable option for businesses that rely on equity investment and are unable to access the Coronavirus Business Interruption Loan Scheme.
The scheme will be delivered in partnership with the British Business Bank.
You are eligible If:
The Future Fund will launch in May 2020. Further details about this scheme will be published in due course.
If you need advice regarding the scheme contact the team at Culley Lifford Hall on 01543 401184 they are working remotely but will get back to you as soon as possible.
Member since: 10th July 2012
I am passionate about 'Buying Local' and supporting our local businesses to 'keep the pound' in town, to help grow our economy here in Lichfield.
We have a wealth of history an eclectic mix of independent...