Funded Support

Latest News

We keep up to date, constantly scanning the horizon via our professional memberships and newsletters, and of course, the internet, for any news items affecting our sector: third sector issues and sustainability, funding, business news and trends, and self-employment issues and any developments that may be useful for our clients.

Self-employed Income Support Scheme (SEISS) Fraud Prevention

To help prevent the SEISS from fraud, some taxpayers who became self-employed from 6 April 2019 may receive a letter from HMRC, followed by a phone call asking them to complete checks to confirm their identity if they wish to claim the fourth or fifth SEISS grants.   A copy of the HMRC letter along with frequently asked questions has been made available by ICAEW. Read More...( Opens in a new tab)

eBay launches community support package

eBay has launched a training and support package for social enterprises in the UK. eBay for Change is a standalone hub on eBay that will feature up to 50 social enterprises over the next few months. The social enterprises featured on the hub will receive an in-depth package of support including zero fees and one-to-one digital skills training. Read More...( Opens in a new tab)

Bounce Back Loan borrowers can delay repayments

Businesses that have taken out a Bounce Back Loan will have greater flexibility over repayments. Pay as You Grow will allow borrowers to delay repayments for six months, meaning no repayments will be due until 18 months after the loan was originally taken out. Pay as You Grow will also enable borrowers to extend the length of their loans from six to ten years and make interest-only payments for six months. Read More...( Opens in a new tab)

Takeaway services extended until 2022

Restaurants, pubs and cafés will be able to provide takeaway services without obtaining permission from local authorities until 2022. Read More...( Opens in a new tab)

Self-employed missing out on pension savings

A report by the Pensions Policy Institute has revealed that just 15% of self-employed workers are saving into a private pension scheme. The report also reveals that the average pension wealth of someone who is self-employed is £121,200 compared to £203,200 for someone who is employed. The reason for the difference is that the self-employed do not have access to an auto-enrolment pension scheme. Read More...( Opens in a new tab)

Guides to support charity trustees

The Charity Commission for England and Wales has launched a new set of simple, easy-to-understand guides, designed to help trustees run their charities in line with the law. Read More...( Opens in a new tab)

Financial support for local businesses in England

Businesses in England that are forced to close due to national or local restrictions will receive up to £3,000 per month. Read More...( Opens in a new tab)

Furlough scheme extended until March 2021

The Chancellor has announced that the Coronavirus Job Retention Scheme (CJRS) has been extended until the end of March 2021. The scheme will apply across the UK and cover 80% of furloughed workers' wages up to a maximum of £2,500 per month. The Job Retention Bonus, which was due to be paid in February 2021, will be re-introduced later in 2021. Read More...( Opens in a new tab)

Increase in support for self-employed

Grant payments made under the Self-employment Income Support Scheme (SEISS) for November 2020 to January 2021 will now be calculated at 80% of average trading profits instead of 55%. The increase will mean the maximum grant payable will be £7,500. The Government has also announced that the minimum income floor (MIF) for self-employed Universal Credit claimants won't apply until the end of April 2021. The MIF was due to be re-introduced from 12 November 2020. Read More...( Opens in a new tab)

Expansion of adult training to prepare for post-COVID economy

The Government has announced that adults in England without an A-level or equivalent qualification will be offered a free, fully funded college course from April 2021. The courses will be funded via the National Skills Fund and aim to make it easier for employers to recruit skilled staff post-COVID. Higher education loans will also become more flexible to allow adults and young people to break up their study into segments, transfer credits between colleges and universities and study part-time. Apprenticeships will also be increased, and more funding will be provided to smaller businesses who hire apprentices. Read More...( Opens in a new tab)
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