Summary of government support

6th May 2020

As the government has launched a number of financial support packages for business, the table below provides an overview of the grants and loans available.

Firm size

Turnover < £45m

Turnover > £45m

Investment grade

Bounce Back Loans (BBLs) up to £50k

X

X

X

Coronavirus Business Interruption Loan Scheme (CBILS) (£50k - £5m)

X

 

 

Coronavirus Large Business Interruption Loan Scheme (CLBILS)

 

X

X

Covid Corporate Financing Facility (CCFF)

 

 

X

Job Retention Scheme

X

X

X

Business grants (depending on rateable value of property)

X

X

X

VAT deferrals

X

X

X

Covering cost of statutory sick pay

X

X

X

Future Fund (if VC funded already)

X

X

 

NOTE: Investment grade refers to the quality of a company's credit 

The House of Commons Library has published a report on the various forms of government support.

Please check our Coronavirus Knowledge Hub for more on government support and our Business after COVID Hub for getting back to normal after the pandemic.

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