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  • Alexander Clifford

£1.25 Billion Government Support Package Put in Place for UK Businesses


Yesterday the Chancellor has announced that over a billion pounds have been put aside to help UK Corporations and business owners, Gov.uk reports. The funding has been put in place as an additional boost in support for those being affected by COVID-19.

Support packages include a £500M investment for high-growth companies impacted by the crisis, which is being referred to as a "Future Fund" to invest in getting our businesses through to the other side. Despite eyebrows raising with regards to more money continuously appearing in the pot, it has been reported that the support packages made up of funding from government and the private sector.

As well as continuous funding being pushed into Research & Development Tax Credits just as before, there have also been additional £750M in Grants and Loans set aside for SMEs looking to expand on innovation.

The funding has been swiftly put together, with hopes to protect businesses across a dynamic range of industries, such as life sciences. To ensure plain sailing into the other side of this crisis. The government is still set on protecting the UK economy - Saving jobs as well as lives.

With investments and cash support flowing into every sector, Brits and our business owners should be able to rest easy with the knowledge that despite hard times, we are still able to grow as a nation in the years to come.

Help Us Help You

If you're concerned about the financial security of your business, there's never been a better time to find out if you're entitled to R&D Tax Credits. Hundreds of business owners across the UK are now resting easy, knowing that even if they're under temporary closure, they have the funds in place to pick up where they left off, thanks to tens of thousands of pounds in Tax Credits.

What's more? They never had to lift a finger. You can focus on keeping the ball rolling on your side, and we'll focus on getting you your entitlement. The average claim is currently £49K!

Contact one of our agents via Linkedin to find out if you're eligible to claim today.

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