Job Retention Scheme Portal Link and Future Fund Information

Posted on: April 20th, 2020 by EditorMJ

The HMRC Job Retention Scheme Portal which has opened today and allows you to claim for furloughed employees. Please see the link below for further information

Guidance-claim wages through the coronavirus job retention scheme

Please also see information for a new Grant coming out in May.  This lays out what the eligibility is and allow you to prepare a bid if you qualify

Future Fund

The Future Fund will provide government loans to UK-based companies ranging from £125,000 to £5 million, subject to at least equal match funding from private investors.
These convertible loans may be a suitable option for businesses that rely on equity investment and are unable to access the Coronavirus Business Interruption Loan Scheme.
The scheme will be delivered in partnership with the British Business Bank.
The headline terms setting out the main features expected to apply to the loans are attached at the bottom of this page.

You’re eligible If:

  • your business is based in the UK
  • your business can attract the equivalent match funding from third party private investors and institutions
  • your business has previously raised at least £250,000 in equity investment from third party investors in the last 5 years

Full eligibility criteria will be published in due course.

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