Coronavirus Covid-19

November 2020 Lockdown Financial Aids

Mortgage Payments:
Borrowers who have been impacted by coronavirus and have not yet had a mortgage payment holiday will be entitled to a six month holiday, and those that have already started a mortgage payment holiday will be able to top up to six months without this being recorded on their credit file.

Job Retention Scheme:
Employers small or large, charitable or non-profit, are eligible for the extended Job Retention Scheme, which will continue for a further month. Up to 80% of non-worked hours will be paid by the government.

Business Grants:
Business premises forced to close in England are to receive grants worth up to £3,000 per month under the Local Restrictions Support Grant.

Also, £1.1bn is being given to Local Authorities, distributed on the basis of £20 per head, for one-off payments to enable them to support businesses more broadly.

About Phoenix

Accountant | Tax Specialist | Mother | Entrepreneur | Blogger

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