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Coronavirus: Have a mortgage? Own a business? - Sky News

Measures have been unveiled to help people and businesses survive the coronavirus pandemic - but how can you access them?

What has the chancellor offered to businesses?

- £330bn of loan guarantees to businesses, with more to be made available if needed

- Interest-free business interruption loans will be increased to £5m, up from £1.2m announced at last week's budget. No interest will be due for the first six months

- A 12-month business rates holiday for all shops, pubs, theatres, music venues, restaurants and any other hospitality or leisure business

- A cash grant up to £25,000 for businesses with a rateable value less than £51,000

- Cash grants of £10,000 to 700,000 of the smallest businesses

- Local authorities will be fully compensated for the cost of these measures, with at least £3.5bn going to devolved administrations in Scotland, Wales and Northern Ireland

- A potential support package for airlines and airports in the face of worldwide travel bans

To read the full article please click HERE.

@BGEastDunbarton