In light of the Government’s decision to impose a second lockdown, thankfully they have now reviewed and made revisions financial assistance for those who are self employed and businesses suffering due to COVID-19. Per our previous blog, this was significantly reduced, however the scheme shall now pay up to 80% of profits for November, and then 40% for December and January as planned. See our original blog for full details.
In addition, further applications/deadline for the bounceback loans and CBILS have been extended to until 31 January 2021.