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You are here: Home / Archives for Coronavirus / Coronavirus Financial

News for: Coronavirus Financial

HMRC Advice

November 2, 2022

Self assessment taxpayers reminded to declare any Covid-19 payments on returns

HMRC is reminding self-assessment taxpayers that they must declare any Covid-19 payments on their 2021-22 tax returns. More than 2.9 million people claimed at least one Self-Employment Income Support Scheme (SEISS) payment up to 5 April 2022. These grants are taxable and should be declared on tax … [Read more...]

Small businesses received £21.3 billion in COVID-19 support from local authority grants

August 22, 2022

Small businesses received £21.3 billion in COVID-19 support from local authority grants

Covid-19 grants distributed by local authorities provided small businesses across England with £21.3 billion in business support through the pandemic. A new report into the government's COVID-19 Local Authority Business Support Grants scheme also showed over one-third of all available funding was … [Read more...]

Covid Recovery Loan Scheme extended for additional two years

August 3, 2022

Details released of latest Recovery Loan Scheme

Details have been released of the latest iteration of the government-backed Recovery Loan Scheme to help businesses invest and grow out of the Covid-19 pandemic. The scheme, which was launched in April 2021, was extended by the Chancellor for a further two years in July after having already … [Read more...]

Covid Recovery Loan Scheme extended for additional two years

July 20, 2022

Covid Recovery Loan Scheme extended for further two years

A support scheme to help small businesses access finance to aid their recovery following the Covid pandemic has been extended for a further two years, Business Secretary Kwasi Kwarteng has announced. The Recovery Loan Scheme originally launched in April 2021 to help businesses recovering from the … [Read more...]

Rise in business confidence revealed in North West PMI survey

June 7, 2022

Majority of North-west businesses back to pre-pandemic revenues

The majority of medium-sized businesses in the North-west have returned to trading at pre-pandemic revenues, according to research by business advisory group BDO. After seeing sales fall sharply two years ago, analysis by BDO finds half are performing at the same level as before the pandemic, … [Read more...]

Political leaders renew commitment to boost North-West and Ireland links

May 31, 2022

North-west FDI returns to pre-pandemic levels

Foreign Direct Investment (FDI) into the North-west of England has returned to pre-pandemic levels, Big Four accountancy firm EY has found, with Manchester the leading city for investment outside London in 2021. The 2022 EY Attractiveness Survey has revealed that the region hosted 74 FDI projects … [Read more...]

April 27, 2022

New authority announced to recover government money lost to fraud during pandemic

Chancellor of the Exchequer, Rishi Sunak, has announced the creation of a new 'fraud squad' to recover money lost to fraudulent Covid support claims and other criminal targeting public funds. The Public Sector Fraud Authority is expected to launch in July, bringing together data analytics experts … [Read more...]

Broadstone Mill Shopping Outlet awarded Reddish Locality Grant

April 19, 2022

Broadstone Mill Shopping Outlet awarded Reddish Locality Grant

The Broadstone Mill Shopping Outlet has been awarded the Reddish Locality Grant from the council to 'get Reddish Roaring' after the pandemic. Just before Christmas 2021 Broadstone Mill Shopping Outlet learned that Stockport Council was looking to help support businesses recovering from the … [Read more...]

Stockport Plaza Culture Recovery Grant funding

April 1, 2022

Final £35 million of Culture Recovery Fund supports over 300 organisations nationwide

The government has released the final £35 million of financial support from its Culture Recovery Fund to support arts, heritage and cultural organisations rebuild following Covid-19 restrictions. The final phase of grants brings the total amount of pandemic support for the cultural sector to … [Read more...]

How to apply for a Business Rescue Moratorium

March 29, 2022

Covid-19 insolvency measures lifted as final pandemic support ends

Temporary insolvency measures put in place during the Covid-19 pandemic will be lifted from 31st March 2022 as the remaining pandemic support schemes end. Temporary measures were introduced as part of the Corporate Insolvency and Governance Act 2020 to limit the impact of Covid-19 related trading … [Read more...]

Robinsons Brewery continues investment in pub estate through pandemic

March 15, 2022

Petition launched to secure urgent support for pubs and breweries in upcoming Spring Statement

Ahead of the Chancellor’s Spring Statement, expected on 23rd March, the Long Live the Local campaign has launched a petition, calling on Rishi Sunak to continue support for pubs and breweries. The campaign, backed by the British Beer and Pub Association, is asking the government to extend … [Read more...]

Stockport Council urges businesses affected by the pandemic to apply for Covid Additional Relief Fund

March 9, 2022

Stockport Council urges businesses affected by the pandemic to apply for Covid Additional Relief Fund

Stockport Council is encouraging businesses affected by the pandemic and which have been unable to access support linked to business rates to make an application to the Covid Additional Relief Fund (CARF) before 15th April. The government funding allows businesses affected by the Covid-19 … [Read more...]

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