Rishi Sunak recently introduced a number of new measures of support for SMEs as part of his budget. He also extended some of the existing schemes as well as announcing some new initiatives designed to support the survival, growth and development of businesses.
From the extension of furlough to a continuance of business rate relief for retail, hospitality and leisure, right through to grants, a new VAT deferral scheme plus much more.
We thought it would be helpful to have a handy summary of the key support measures that may be relevant to a SME business from a cashflow and growth perspective.
We have therefore produced a short summary guide on both growth and cashflow, which are downloadable below with clickable links for further information on each initiative.
Here To Help
Given the ongoing effects of the pandemic on business and the many changes that have been introduced, please do get in touch if you would like some advice or further information to help you get the support your business needs.