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CoronaVirus (Covid-19) Outbreak:


The Government has announced two webinars which will help businesses with accessing the support available to them, and complying with reporting requirements during the Covid-19 pandemic. You will have the opportunity to ask questions during both sessions.

Financial support for small businesses during coronavirus
11am on Tuesday 5 May: 

The webinar will cover:
  • Eligibility for small business grants.
  • Applying for a loan.
  • Tax.
  • Claiming for wages through the Coronavirus Job Retention Scheme. 
To book to attend please register to join.
  
Managing your business during coronavirus: reporting, regulations and tax 
11am on Thursday 7 May:

The webinar will cover: 
  • Right to work checks.  
  • Filing reports and accounts. 
  • Time to pay scheme. 
To book to attend please register to join
 
The Business Growth Hub continues to provide up to date information on the Government's support schemes. 

Tameside Council is also continuing to keep up to date links to information on the national support offer, as well as local information and contact routes through the support for business section of our website.
 

SME Bounce Bank Loans

The new, 100% government guaranteed, SME Bounce Back Loan Scheme went live this morning.

The Bounce Back Loan scheme helps small and medium-sized businesses to borrow between £2,000 and £50,000.
The government guarantees 100% of the loan and there won’t be any fees or interest to pay for the first 12 months.
Loan terms will be up to 6 years. No repayments will be due during the first 12 months. The government will work with lenders to agree a low rate of interest for the remaining period of the loan.
The scheme will be delivered through a network of accredited lenders.

Eligibility
You can apply for a loan if your business:
  • is based in the UK
  • has been negatively affected by coronavirus
  • was not an ‘undertaking in difficulty’ on 31 December 2019


Who cannot apply
The following businesses are not eligible to apply:
  • banks, insurers and reinsurers (but not insurance brokers)
  • public-sector bodies
  • state-funded primary and secondary schools


If you’re already claiming funding
You cannot apply if you’re already claiming under the Coronavirus Business Interruption Loan Scheme (CBILS). However, If you’ve already received a loan of up to £50,000 under CBILS and would like to transfer it into the Bounce Back Loan scheme, you can arrange this with your lender until 4 November 2020.
The British Business Bank have prepared an FAQ to help businesses with the accessing the scheme.
 
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