Coronavirus Advice, financial advice, government

Lockdown 2.0: Extra support measures announced for businesses and individuals

By RJP LLP

Lockdown 2.0: Extra support measures announced for businesses and individuals

England is entering a second lockdown on 5 November 2020 and the government has announced some additional support measures to ease the strain for people.

Here are the details currently available together with our earlier guides explaining the extended furlough scheme (CJRS) and the enhanced self employed support scheme (SEISS).

Bounce Back Loan Scheme Extended

Businesses can continue to be able to apply to banks for government-backed support loans like the Bounce Back Loan Scheme until 31 January, compared with the previous 30 November deadline. Learn how to get a Bounce Back Loan in our earlier article.

Grants for business rates

If a business based in England is legally required to close, a fortnightly support grant of up to £1,500 for the rateable value of their business premises will be available from their local authority. This is payable as follows:

Rateable value of premises Grant payable per two weeks (England only)
Up to £15,000 £667
£15,001 to £50,999 £1000
£51,000 or more £1500

Mortgage holidays

Six monthly mortgage holiday applications were due to close on 31 October but will now stay open for borrowers affected by coronavirus. Details of who can qualify will be announced by the FCA in the next few days.

If your business needs extra support over the coming weeks, please contact us via partners@rjp.co.uk

How to get onboard with RJP

Talk to us

Have an initial discussion with a member of the RJP team to identify ways we can enhance your business's growth with our comprehensive support and strategic advice.

Hassle-free migration

Choose RJP and we'll smoothly manage all transitions, handling paperwork, coordinating with your current accountant, and ensuring no deadlines are missed for a worry-free experience.

A pathway to growth

Finally, we will send you the required documents to sign and return, leaving you to continue leading your business, backed by our abundant, responsive advice and support.

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Here’s what our clients have to say

Hear directly from our clients about how RJP's personal, straightforward approach has made all the difference in their business and personal success.

"I just wanted to drop you a short note to say how grateful I am for the support that RJP has provided over the past 4 weeks while our Financial Controller was away. I struggle to comprehend how much work your staff get through during their weekly visits and they are always a pleasure to have around the office."

"I wanted to write and express our gratitude for your help and hard work in getting Probate through and settling all the taxes. I am so pleased that we selected RJP, as your professional help and updates throughout this process have been invaluable. If at any time in the future Probate assessment may be needed, you will be our first port of call. Once again, many thanks to the whole team."

"I would like to take this opportunity to thank you very much for the amazing job you have done navigating us through this whole process. My family and I also really appreciate the care and compassion demonstrated by you and your team in every dealing. Our thanks to everyone."

"Just a quick e-mail from me to thank you for achieving the target for producing the draft accounts – it is very much appreciated and gives a first class impression of your firm. Many thanks."

"RJP provide our company with a complete service which takes the stress and strain away from the day to day running of our accounts! Their understanding of our business and their patience and advice is invaluable."

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FAQs

At RJP, we understand that keeping a finger on the pulse of your business's health is crucial. That's why we offer management reporting services—think of them as a regular health check for your company. These insights show you the real-time performance of your business, helping you make informed decisions to nurture and grow your enterprise.

We love seeing your business flourish! Growth and improvement are at the heart of our practical advice. From the ins and outs of everyday operations to big-picture strategic moves, we're here to offer clear, actionable steps that can propel your business forward.

We know dealing with the issue of compliance and auditing can be less than thrilling. That's exactly why we're here—to handle the complex stuff so you don't have to. We offer comprehensive compliance services, ensuring everything is up-to-date without you having to wade through a sea of regulations.

Absolutely! There's a world of opportunity out there to support your business financially, and we're well-equipped to be your guide. We can help you understand and access HMRC’s tax relief schemes that are relevant to you and your business, making sure you're not missing out on any potential benefits.

When you need us, we're just a call or an email away—no question is too small or too large. We're known for our quick responses and our fixed fees mean you can reach out without worrying about unexpected costs. Plus, we always keep things simple and straight to the point. We're not just your accountants; we're part of your team, ready to support both your business and personal needs.