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Coronavirus – Measures for small business owners in The Budget

Coronavirus – Measures for small business owners in The Budget

In The Budget today the Chancellor of the Exchequer, Rishi Sunak, announced a set of measures to support those affected by Coronavirus, including for small business owners. His budget also included a plan to provide support for public services and individuals affected by Covid-19.

These measures include £2bn of sick-pay rebates for up to two million small businesses with fewer than 250 employees and £1bn of lending via a government-backed loan scheme, with the government backing 80% of losses on bank lending. Any company eligible for small business rates relief will also be allowed a £3,000 cash grant.

The College of Podiatry urges its members to read more about the measures that the Treasury has put in place today to support those affected by Coronavirus.

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