View our COVID-19 update

18 Mar 2020

Chancellor Rishi Sunak has set out a package of measures to support public services, people and businesses through the period of disruption caused by COVID-19. 

Measures announced to support businesses including the significant package of measures announced on 17 March 2020:

  • grant funding of £10,000 for small firms in receipt of Small Business Rate Relief (SBRR) and Rural Rates Relief
  • grant funding of £25,000 for certain businesses in the retail, hospitality and leisure sectors
  • a 12-month business rates holiday for businesses in the retail, hospitality and leisure sectors
  • a temporary Coronavirus Business Interruption Loan Scheme to support businesses in accessing bank lending and overdrafts
  • extended access to Statutory Sick Pay (SSP), with reliefs available to SMEs
  • expanded access to HMRC's Time to Pay scheme.

Find out more on these measures and the impact on your business.

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Madisons is a trading name of Madison Business Services Limited Registered office: Bushbury House, 435 Wilmslow Road, Withington, Manchester, M20 4AF. Company Number: 03800186, VAT Registration Number: 741 1182 67 Registered to carry on audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. Details about our Audit Registration can be viewed at www.auditregister.org.uk.
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