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Surviving Winter 2020 - Help For UK Businesses

The approaching winter is normally followed by an excitement about holidays, Christmas and New Year. But this year, it’s just been all doom and gloom. With the UK announcing fresh restrictions on 23 Sep 2020 to avoid the full human and economic impact of a second coronavirus wave, businesses and particularly those within the F&B industry now face their biggest test for survival.

As every penny count, we have put together an infographic on financial resources that businesses can tap into to sustain themselves through the next few months.

1. Job Support Scheme

By now, you must have read about the Job support scheme that will be implemented from 01 November 2020. We won’t print the full details here but if you would like to re-read or refresh your understanding, please check this article out:

Instead, we’ll best explain how the new scheme will work with an example; let’s assume that you have an employee that earns £1,000 a month

2. Job Retention Bonus

You can claim a one-off bonus of £1,000 for every eligible employee. You can read more about the criteria and requirements on this link:

3. Loans

4. Self-Employment Income Support Scheme (second grant)

Self-employed or a member of a partnership and have been adversely affected by coronavirus (COVID-19) can use this scheme to claim a grant. To make a claim for the second grant your business must have been affected on or after 14 July 2020, you must make your claim for the second grant on or before 19 October 2020. The second taxable grant is worth 70% of your average monthly trading profits, paid out in a single instalment covering 3 months’ worth of profits, and capped at £6,570 in total.

What type of businesses can apply for this loan?

  • If business has been affected by coronavirus

  • lost out on income

  • had to stop working to look after someone

What you will need :

  • Self Assessment Unique Taxpayer Reference (UTR) – if you do not have this find out how to get your lost UTR

  • National Insurance number – if you do not have this find out how to get your lost National Insurance number

  • Government Gateway user ID and password – if you do not have a user ID, or have lost it, you can create one or find out how to recover your login details when you make your claim

  • UK bank details (only provide bank account details where a Bacs payment can be accepted) including:

  • Bank account number

  • Sort code

  • Name on the account

  • Address linked to your bank account


The information contained in the above blog has been obtained from resources available as on 06 October 2020. The information contained in the above blog is subject to change in part or in full and may not necessarily apply to your specific business situation. As such, Wolfe Strategies will not be liable for any loss or adverse liability arising to you based on the information in this blog. To understand how best the grants, job support scheme or job retention scheme best fits your business, please write to us at

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