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 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)

Coronavirus loan schemes extended

The deadline for applications to the coronavirus loan schemes has been extended until 30 November 2020. The deadline extension applies to the Coronavirus Business Interruption Loan Scheme (CBILS), the Coronavirus Large Business Interruption Loan Scheme (CLBILS), the Bounce Back Loan Scheme and the Future Fund. The test of whether or not a business is an 'undertaking in difficulty' has also been changed for CBILS and CLBILS. Businesses that were 'undertakings in difficulty' on 31 December 2019 but are no longer 'undertakings in difficulty' will now be eligible for the loan schemes. Read More...( Opens in a new tab)

Business interruption policies now cover COVID-19

The Financial Conduct Authority (FCA) has won a test case on the legal clarity of business interruption cover. The FCA reviewed more than 500 policies from 40 insurers and identified a sample of 17 policy wordings that highlighted the key areas of dispute. The test case also clarified that the COVID-19 pandemic and the Government response was a single cause of the covered loss. This is a key requirement for claims to be paid even if the policy provides cover. The case outcome should help policyholders and insurers identify which business interruption policies provide cover for the coronavirus pandemic and which do not.

‘Do Your Own Thing’ programme

Ever fancied working for yourself? Got a great idea to help you earn your own money? Fed up of relying on benefits? Unable to get a job due to your health or family circumstances? Why not look into working for yourself? Are you a woman living in West Yorkshire who is currently not working? If so, you qualify for this free support! Do Your Own Thing is a free 12 week programme to support women in West Yorkshire to set up their own business Delivered by local social enterprise SEE Ahead, who will help you to work through your ideas, ensuring you have all the information you need to start a business. With in-depth support, specifically designed to help you, boosting your confidence and allowing you to gather the knowledge you need to set up your own business at your own pace. Give Louanne a call on 07980 292146 or e-mail her on or Helen on 07703 144384 or e-mail her on to find out how to get involved. Read More...( Opens in a new tab)

Grant funding helps charities access coronavirus loan scheme

Grant funding worth £4 million has been made available to charities and social enterprises in England to be used alongside the Resilience and Recovery Loan Fund. The fund was set up to provide emergency loans to social enterprises and charities affected by the coronavirus pandemic. The grants will only be awarded alongside a loan if it is clear that interruption caused by the pandemic means that they struggle to meet the threshold for a loan without it. Social Investment Business will deliver the grant funding. Read More...( Opens in a new tab)
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