The Prime Minister has recently announced that the following schemes will all be extended to 31 January 2021:
- Coronavirus Business Interruption Loan Scheme (CBILS)
- Coronavirus Large Business Interruption Loan Scheme (CLBILS)
- The Bounce Back Loan Scheme (BBLS)
- Future Fund
Additionally, it has been confirmed that businesses will be able to top-up their bounce back loans if required.
For individuals that are self-employed the government has agreed to extend the Self-Employment Income Support Scheme with a third instalment whereby individuals will receive 80% of their average trading profits for November. Applications for the third instalment are expected to open towards the end of November.
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