Government Grants

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All the Things You Need to Know About New Business Government Grants

Are you planning to start a business and find yourself stuck at the part where the money is involved? We totally understand. Creating, managing, and growing a business is challenging–not only mentally, but also financially. In this article you will be engaging in new business government grants. However, there are a lot of government grants in …

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Furlough Scheme Extension or Coronavirus Job Retention Scheme Extension

While the spread of COVID-19 has been mostly under control, several high incidence areas remain on lockdown, with still plenty of businesses forced to shut down temporarily. That’s why the government announced the extension of the furlough scheme, also known as the Coronavirus Job Retention Scheme (CJRS), until December. As part of the government’s plan for economic recovery …

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Additional Grants for England Businesses

“No business should be punished for doing the right thing,” says Business Secretary Alok Sharma, as Ministers announced additional business grants of up to £1,500 for businesses affected by localised lockdowns. Resource – https://www.gov.uk/government/news/ministers-announce-new-grants-for-businesses-affected-by-local-lockdowns As part of the continuous COVID-19 interventions, localised lockdowns are implemented in high incidence areas. Businesses interrupted by these targeted restrictions …

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5 Things You Need to Know About the Furlough Scheme

5 Things You Need to Know About the Furlough Scheme

As part of the United Kingdom’s response to the unprecedented COVID-19 pandemic, the government has introduced the Coronavirus Job Retention Scheme or the Furlough Scheme. In this initiative, employers will be given government support to continue paying part of the furloughed employees’ salaries until October 31. What Is Furlough? But first, what does the word “furlough” mean? Generally, “furlough” …

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a featured image of a blog post that highlights the topic Kickstarter Scheme – Government to Encourage Employing of 16-24-year old on Universal Credit

Kickstarter Scheme – Government to Encourage Employing of 16-24-year old on Universal Credit

The new Kickstarter scheme unveiled by Chancellor Rishi Sunak during the summer statement aims to help the employment of workers under 16-24 years old by funding employers with a £2 billion budget. The Kickstarter scheme – the program benefits young workers who are currently under the Universal Credit program, which is a government-funded initiative that helps low-income …

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Job Retention Bonus – £1k to those who Retain Furloughed Employees until January 2021

As the Coronavirus Job Retention Scheme (CJRS) winds down, Chancellor Rishi Sunak introduced a job retention bonus payment of £1,000 to employers for every furloughed personnel they bring back to work.   The incentive is part of a comprehensive scheme called “A Plan for Jobs 2020”. It is built to protect livelihoods and save the declining economy, which …

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Government Provides Employers £1000 to Take on Trainees

Chancellor Rishi Sunak announced in his summer statement that the government would be providing £1000 for every trainee that employers will accept. With the UK economy hard hit by the COVID-19 pandemic, the government is taking measures to rebuild and ensure that jobs are protected. They also put projects in place to remedy the unemployment rate, one …

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£2bn Green Home Grant for Homeowners

Households are set to receive grants of up to £10,000 to make their homes eco-friendly and save over £600 a year on energy bills while cutting carbon emissions at the same time which is also called the green home grant. But how does the scheme work? And more importantly, how does it impact contractors and tradespeople? As …

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£2k To Encourage the Hiring of Apprentices

With the rampant rise of the unemployment rate, the Chancellor announced from the summer statement, a brand-new incentive for businesses—a bonus payment of £2,000 for every apprentice they take on or hiring an apprentice. But, how will this affect both sides of the coin? In his last economic statement, Chancellor Rishi Sunak offered companies a package deal …

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a featured image of a blog post that highlights the topic Temporary Stamp Duty Holiday in England And Northern Ireland

Temporary Stamp Duty Holiday in England And Northern Ireland

The UK declared a stamp duty holiday effective from July 15 to March 31, 2021, in relation to the summer statement 2020 by the chancellor. But what is it? More importantly, how will it affect you? In light of the current pandemic, UK’s chancellor Rishi Sunak has temporarily put stamp duty land tax on a holiday. This means …

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