Latest News

Further calls to Government to extend Stamp Duty cut

15 January 2021

A group of 50 Conservative MPs are calling on the Chancellor, Rishi Sunak to extend the stamp duty cut for properties worth less than £500,000 a further 12 months in a major boost alongside The Telegraph’s ‘Stamp Out the Duty’ campaign. Read More...

New building safety regulators proposed for Wales

15 January 2021

The Welsh Government’s Building Safety White Paper covers all multi-occupied residential buildings, from houses converted into flats through to high rise apartment blocks. It sets out major reforms to how properties are designed, built, managed, and lived in whilst proposing clear lines of accountability and a stronger regulatory system. Read More...

Tightened restrictions for working from home and in people’s homes

13 January 2021

First Minister, Nicola Sturgeon, has announced today, 13 January, six new changes to COVID-19 restrictions in Scotland to come into force on Saturday, 16 January, subject to Parliament approval. Among these changes are statutory guidance on working from home and a limitation on working within other people's homes by law. 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