Under the current circumstances and following government advice regarding Coronavirus (COVID-19), we would like to let you know that our team is doing our best to continue providing our services. We will continue to monitor the situation and make changes where necessary in accordance with updated guidelines.
We would like to take this opportunity to wish you, your businesses and families, the very best of health.
How is the COVID-19 outbreak affecting your business? Please be reassured that our team are here to help and support you as much as possible during this difficult time.
The Government has recently announced a number of fiscal measures, namely the release of £330bn (around 15% of GDP) into the economy with the aim of helping SME and the wider economy recover. These include business rate holidays, grants and government-backed loans which will be available from 23rd March.
If you require support to access this funding and for more information, please fill out the contact form below and one of our team will be in touch.
FYI, Mavis will be hosting an IG/FB live sessions in the upcoming days to discuss the impact of COVID-19 for SME’s and the support that is available. Follow her on social media for updates.
COVID-19 Update (March 24)
From the office of Mavis Amankwah/Rich Visions.
Following the recent government announcement on 23rd March, the UK has now entered into a nationwide lockdown and all non-essential businesses must close. In a historical turn of events, our movement has now been almost completely restricted and we are forced to adapt to ths ever-changing set of circumstances. We must now all follow government advice and stay at home.
The Rich Visions/MA/WLM are still here to support all our valued friends and clients, please do not hesitate to contact us with any inquiries you may have.
Mavis has been hosting a series of Live Q&A’s on Facebook & Instagram – make sure to tune in for all the latest news and recommendations regarding navigating the impact of COVID-19.
Next LIVE – TBA
COVID-19 Update (April 7) – Help for Self-employed
The Government has recently introduced a wave of measures intended to ease the burden on self-employed individuals affected by COVID-19 including the Self-employment Income Support Scheme which allows you to claim 80% of your trading profits (up to £2,500) over the next three months. There is now also provision for the self-employed to qualify for Universal Credit, depending on their circumstances.
COVID-19 Update (April 27) – New Government-Backed Loan Scheme
On April 27th, following the criticism of the recently-introduced Coronavirus Business Interruption Loans Scheme (CBILS), the government announced the Bounce Back Loan Scheme (BBLS). Businesses will be able to borrow between £2,000 and £50,000, with an initial 12-month interest-free period. The cash can be accessed within days thanks to the finance fast track finance scheme.
For more information about the specific eligibility, make sure to visit the GOV.UK website. The Rich Visions/Mavis Amankwah team remain on hand to support you with any applications and queries you may have.
The Rich Visions team are offering free consultations for SMEs to ascertain their eligibility for the Coronavirus Business Interruption Loan Scheme (CBILS) or the Bounce Back Loans Scheme (BBLS); also offering further support throughout the application process. If this is of interest to you, please click the link below, fill out the form below and a member of our team will be in touch.