All Your Small and Medium Size Business Support Package Options from The UK Government

I wanted to share with you a summary of the UK Government’s Support Package for SMEs.

Summary:

• Coronavirus Business Interruption Loan Scheme (CBIL) will help businesses affected to access bank lending and overdrafts. For loans up to ￡5 million, the Government is providing a guarantee for each loan. Find out more. 
• Coronavirus Job Retention Scheme where all UK employers with a PAYE scheme will be able to access support to continue paying part of their employees’ salary for those who would otherwise have been laid off during this crisis. Find out more.
• Business Rates Holiday for Retail, Hospitality and Leisure sectors in England for the 2020-21 tax year. Find out more. 
• Up to ￡25,000 per property Cash Grant for Retail, Hospitality and Leisure in England. Find out more.
• Small Business Grant Funding for small businesses in England that already pay little or no business rates because of small business rate relief, rural rate relief and tapered relief. Find out more.
• Statutory Sick Pay Rebate to allow small and medium-sized businesses to reclaim Statutory Sick Pay paid for staff absence due to coronavirus. Find out more.
• Time to Pay – all businesses and self-employed people in financial distress, and with outstanding tax liabilities, may be eligible to receive support with their tax affairs through HMRC’s Time to Pay Service. Find out more.
• Covid-19 Corporate Financing Facility where the Bank of England will buy short-term debt from larger companies. Find out more.
• VAT Deferral for 3 months for businesses. Find out more.
• Income Tax Deferral for the Self-Employed under the Self-Assessment System until January 2021. Find out more.
• Frequently asked questions that will be regularly updated according to the latest advice and guidance. 

BEIS business support campaign website (https://bit.ly/BizSupportSite) outlines the full range of business support measures that have been made available to UK businesses and employees. 

Further advice for businesses and employees in Scotland, Wales and Northern Ireland is also available.

My name is Mat Everitt and I am proud to lead a team of spectacularly committed and expert professionals within the Strategic Sales Team at FIS Worldpay. Whatever you need to achieve in face to face or online payments, anywhere in the world, we can help you to achieve MORE! Our mission is to help businesses and communities thrive by advancing commerce and the financial world.

We live our values for our Clients, Communities and Colleagues, our 3Cs.

• We WIN AS ONE TEAM
• We LEAD WITH INTEGRITY
• We BE THE CHANGE

We challenge each other to improve and simplify the way things are done. We’re innovative and dynamic in how we develop ideas to solutions. We give back to make a positive impact on the world.

While our work is often behind the scenes, we keep global commerce and the financial world running, it’s in the forefront for our clients. This is a heavy responsibility – and an incredible opportunity. It’s in times like these, when the world is so unsettled, we work to make the biggest difference for our clients.

Why you should work with FIS Worldpay

FIS serve 90% of the top 50 largest global banks and

FIS serve 90% of the top 20 Private Equity firms

FIS are the world’s largest acquirer with double the volume of the 3rd and 4th leaders combined

FIS move $9T around the globe annually, process 75B transactions across the world and serve 1.3B cards worldwide.

Because of our work, merchants and restaurateurs are accepting payments through our systems and keeping their establishments open. Citizens are ordering key supplies from home because our online bill pay systems continue to run. And we are keeping banking and capital markets systems up and running at a time when consumers need confidence in the stability of the financial services industry.

 Thank you for facing the ever-changing world environment and coming together to win as one team. Thank you for being the change as you’re adapting to new work norms at a time when our communities need us the most.  YOU, our clients, make FIS the greatest company in our industry. Thank You.