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.

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)

Guidance on collecting personal data for contact tracing

The Information Commissioner's Office has published guidance about collecting customers' and visitors' personal details as part of contact tracing schemes in the UK. The guidance sets out five steps that organisations in England should take when deciding what customer data to collect and how to manage and store it safely. Read More...( Opens in a new tab)

Coronavirus support schemes extended

The Chancellor has announced that the Self-Employment Income Support Scheme (SEISS) has been extended and individuals will be able to claim a second grant in August 2020 worth 70% of their average monthly trading profits. The Chancellor has also provided more information about the extension of the Coronavirus Job Retention Scheme. From August, employers will have to pay employer NICs and employer pension contributions for furloughed workers. In September and October, employers will have to pay 10% and 20% respectively of employees' furloughed wages along with employer NICs and pension contributions. Read More...( Opens in a new tab)

Changes to the Coronavirus Job Retention Scheme

On 29th May 2020 the Chancellor announced changes to the present CJRS (CJRS V1) to help businesses to bring people back to work.With millions of people being furloughed under the scheme since it commenced, the scheme aims to support employers and their employees during this current time of crisis. Naylor Wintersgill have put together a handy factsheet as at 1 June 2020 detailing the changes to the Coronavirus Job Retention Scheme announced. Read More...( Opens in a new tab)

Government unlocks £150m from dormant accounts for coronavirus response

The Culture Secretary has announced today that £150 million from dormant bank and building society accounts is to be unlocked to help charities, social enterprises and vulnerable individuals during the coronavirus outbreak. This includes accelerating the release of £71 million of new funds from dormant accounts alongside £79 million already unlocked that will be repurposed to help charities’ coronavirus response and recovery. The funding will support urgent work to tackle youth unemployment, expand access to emergency loans for civil society organisations and help improve the availability of fair, affordable credit to people in vulnerable circumstances. •            £10 million will be brought forward for the Youth Futures Foundation to help organisations who support unemployed, disadvantaged young people across the country into jobs. •            £45 million will be deployed by Big Society Capital to allow better access to investment including emergency loans for charities, social enterprises and some small businesses facing cash-flow problems and disruption to their trading following the coronavirus outbreak. •            Fair4All Finance will use £65 million to support affordable credit providers to increase access to fair, appropriate products and services for those struggling financially, providing them with an alternative to high cost loans. Read More...( Opens in a new tab)
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