Covid-19 Government Links To Business Support, Funding And Grants

20th April 2020

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The Links You Need For Financial Support And Assistance

As time goes by there is more and more pressure building on business finances and Elite Group want to make sure we are doing everything we can to support other organisations. Below we have compiled a list of links to Government support in the UK should you need it.

There is no doubt that this crisis has had significant social implications but while our economy remains almost stagnant, even more pressure will build. Across the globe companies are feeling the financial pain, however, there is light at the end of the tunnel and with each other’s support we can ride this wave together.

As a company, we have implemented measures to lessen the financial pressures and we would urge other businesses out there to do the same.

Self-Employed Income Support Scheme

Direct cash grant of up to £2,500 a month for self-employed people covering 80% of the average profits.

Find out more:


Deferral Of Income Tax Payments

Income Tax payments due on 31 July 2020 can be deferred until 31 January 2021

Find out more:


Time To Pay Service

Businesses and self-employed people in financial distress and with outstanding tax liabilities may be eligible to receive support with their tax affairs through this scheme

Find out more:


Coronavirus Business Interruption Loan Scheme

Access to loans, overdrafts, invoice finance and asset finance for up to £5m and up to 6 years. Government backed and 80% guaranteed as well as interest-free for the first 12 months

Find out more:


Small Business Grant Scheme

One-off £10,000 grant to support small businesses that already pay little or no Business Rates because of Small Business Rate Relief, Rural Rate Relief and Tapered Relief.

Find out more:


Coronavirus Job Retention Scheme

Employers with a PAYE scheme will be reimbursed for 80% of wages paid to workers unable to work, but kept on payroll

Find out more:


Deferral Of Vat Payments

Deferral of payments from 20 March 2020 until 30 June 2020

Find out more:


Commercial Tenant Eviction Protection

Commercial tenants who are unable to pay their rent due to COVID-19 will be protected from eviction

Find out more:


Refund Of Statutory Sick Pay Being Paid To Employees

Small and medium-sized businesses can reclaims Statutory Sick Pay paid to employees for sickness absence due to COVID-19.

Find out more:


Universal Credit – Increased Allowances & Advance Payment

Universal Credit payments to help you with the cost of basic living.

Find out more:


Further Measures

The Government has made further measures available which may help you.

Find out more: