Financial Guidance
Financial Guidance
On this page, you will find all the information you need to make informed decisions and access our expert advice in response to the Government announcements about financial support for your business.
Contact us today to discuss how TC Group can liaise with banks and other financial institutions on your behalf to secure any loans or grants that are available to you.
Updates
Self-Employed Earners
Support for self-employed earners mirrors somewhat the relief for employees via the Coronavirus Job Retention Scheme (CJRS). 80% of earnings based on an average from the last three tax years, and capped at £2,500 per month.
Small Business Rates Relief (SBRR)
A cash grant of up to £25,000 for those businesses with a rateable value of less than £51,000, and cash grants of £10,000 to 700,000 of the smallest businesses.
Coronavirus Business Interruption Loan Scheme (BILS)
BILS, delivered by the British Business Bank and other institutions, has been set-up to support businesses financially, details are still emerging but the scheme has been live since Monday 23rd March. Interest-free business interruption loans will be increased to...
Commercial & Private Rent Assistance
Commercial tenants are now protected from eviction for three months if they cannot pay their rent due to coronavirus. For private tenants, an increase in housing allowance is available to cover 30% of market rents in the area.
Round-Up Of The Week
We understand that this week has been an enormous challenge for businesses up and down the country, and we are committed to helping you through this challenging period…
COVID-19 – Ongoing Guidance
Unfortunately, today's much-anticipated Government announcement was not specifically directed at businesses, so much to our collective frustration we are still urgently waiting for: Clarification on the practical implications of the Government scheme to pay 80% of...
COVID-19 – Your Top Priorities
TC Group remains on hand to help you through the challenges you are currently facing. Below are some of the priority areas we are working on for clients: Clarification on the Government Scheme to pay up 80% of staff wages CJRS – and the implications on your payroll...
COVID-19 – Three Week Lockdown Announced
As you may be aware, the PM has just announced measures to enforce the social isolation guidance given last week. The measures will last a minimum of three weeks, key points are: From this evening people must stay at home except for shopping for basic necessities,...
Covid-19 – Business Support Measures
On Friday the Government announced further measures to help businesses during COVID-19. Whilst the measures are welcomed the details are still emerging, and business owners are still not clear on how they access the additional funds and grants that are available to...