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Skills for jobs

14 May 2021

The UK Government set out in the Queen’s speech on 11 May, its legislative plans for adult education and training for the next parliamentary session with a proposed Skills and Post-16 Education Bill. Read More...

Commonhold Council launched

14 May 2021

An advisory panel of leasehold and industry groups has been launched to inform the UK Government on the future of commonhold homeownership. Read More...

Leasehold Reform Bill published

13 May 2021

The Leasehold Reform (Ground Rent) Bill has been published today, 13 May, and when implemented aims to help tackle inconsistency and ambiguity of ground rents for future leaseholders. Read More...

Furlough and business loans schemes extended

Thursday 17 December 2020

Today, 17 December, the Chancellor announced that the furlough will be extended until the end of April 2021. For the moment, the furlough scheme will remain at the full rate, with the Government continuing to contribute 80 per cent towards wages, however, Rishi Sunak suggested he would review employer contributions in January.

The eligibility criteria for the UK-wide furlough scheme will remain unchanged and these changes will continue to apply to all Devolved Administrations. Extending the scheme until the end of April means businesses across the country will have certainty about what support will be available to them.

The Government-guaranteed COVID-19 business loan schemes will also be extended until the end of March. This includes the Bounce Back Loan Scheme, Coronavirus Business Interruption Loan Scheme, and the Coronavirus Large Business Interruption Loan Scheme which had all been due to close in January.  

Looking forward it has also been confirmed that the Budget will be on the 3 March 2021 where the Government will set out the next phase of the plan to tackle the virus and protect jobs.

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While our loan schemes have provided a vital lifeline to millions of firms across the country, we know that business owners need additional certainty as we head into the New Year. Extending government-backed loan schemes will give companies right across the UK the finance they need to support, protect and create jobs as we build back better from the pandemic. 

Rt Hon Rishi Sunak, Chancellor of the Exchequer

What schemes are available?

For more information on financial support during the Coronavirus pandemic, the Government website provides a summary of what is currently available, including the Bounce Back Loan Scheme and the Business Interruption Loan Scheme mentioned above.

View details of financial support