Resources Page – Helping You To Thrive

 Essential Information for Business Owners Thriving Through Corona

Information Highlights & Resources:



We are all in unprecedented times, please remember this situation is TEMPORARY and will pass.

Plan Don’t Panic

Reduce Risk

Identify Opportunities


Make sure you focus on FACT not hearsay!

There is help available to all of you, here is a summary of what is available, please get in touch if you would benefit from a complimentary session with one of our Business Growth Experts to talk through how to support your business.

IQ4B: Webinars <<>>

IQ4B: Facebook group <<>>

IQ4B: If you need to talk with one of our Business Growth Experts contact <<>>


Self Employment & Universal Credit

Employment & Support Allowance


Manage your Money:

  • Get your cashflow forecasts up to date: plan through different scenarios so you are ready
  • Get up to speed on all the grant and loan options
  • Email us now if you need a template for a cashflow forecast
  • Speak to your suppliers; spread payments, extend terms of credit wherever you can
  • Make sure your customer payments are coming through, if they are in trouble talk it through and arrange a payment plan
  • Reduce all non-essential spending


Be the Leader

  • Daily communication with your Team
  • Be open and honest: tell them what how you are planning for the future
  • Short term working, (agreed reduced hours) or furlough, (granted leaves of absence) may be needed: work through the options, make decisions quickly and communicate well
    • See below for details on how to get 80% wages paid by the government if you need to grant leaves of absence.


Plan for the Future

Use the extra time to get ready for post-Coronavirus

    • Sales analysis
    • Develop a marketing plan
    • Create marketing material & the schedule
    • Create a 3 or 5 year plan for your business


Coronavirus Job Retention Scheme

HMRC will reimburse 80% of wages paid to workers who have been furloughed, ( granted leave of absence) due to the coronavirus crisis. This can be due to self-isolating and caring for others.

  • All UK businesses are eligible.
  • There is a cap of £2,500 per employee per month.
  • It will be backdated to 1 March 2020.
  • You must notify the affected employees that they have been designated ‘furloughed workers’ – N.B., this may be subject to negotiation, dependent upon the terms of the individual employment contracts.
  • A new online portal will be provided by HMRC to report details of the employees furloughed and the payments made.
  • This will be available initially for at least 3 months.

The HMRC system is not set up to make payments directly to employees, employers make the payment and are reimbursed by the HMRC


VAT Deferral

  • The deferral will apply for payments due from 20 March to 30 June 2020.
  • No application is required
  • Any payments deferred will become payable by the end of the tax year
  • NB: Cancel any Direct Debits or Standing Orders as HMRC will take the money and they will not give it back!


Business Financials

Coronavirus Business Interruption Loan Scheme:

Government Business Support:

Emergency Funding


Income Tax Deferral

  • The self-assessment second payment on account, due by 31 July 2020, will be deferred to 31 January 2021.
  • No penalties or interest will be charged.


Coronavirus Business Interruption Loan Scheme

  • Loans up to the value of £5 million will be available
  • The government backed guarantee takes away the ‘no’ credit decision to become a yes
  • You will need a sound business proposal to apply and get the grant
  • Please note you are still 100% liable for the debt to be repaid; this is meant to be a short term solution to help you through the current crisis; not free money!
  • The first 12 months is now interest free.
  • There is a list of 40 banks participating: the recommendation is to go to your current lender first



There are two grants proposed for businesses.

  1. A grant of £10,000 to all businesses that currently receive small business rate relief (SBBR) or rural rate relief. In general, SBBR is available to businesses with a rateable value of up to £15,000.
  2. A grant of £25,000 for businesses in the retail, hospitality or leisure industry if their rateable value is between £15,000 and £51,000.

No action is required for the £10,000 grant; your local authority will contact you.

If you are eligible for the £25,000 grant, you should contact your local authority.

Government Grants:

Grants Hub:

Covid-19 Small Business Government Grant
Coronavirus Business Interruption Loan
Citizen’s Advice


Statutory Sick Pay

  • HMRC will reimburse up to 2 weeks SSP for employees who have been off due to coronavirus.
  • This can be paid from day 1, no certification is required
  • The 2 week SSP can be claimed back


Time to Pay Arrangements

  • If you have outstanding tax liabilities (Corporation Tax, VAT or Income Tax) due to coronavirus, you may be able to agree a time to pay arrangement.
  • Arrangements will be agreed on a case by case basis.
  • To discuss your options, contact HMRC on 0800 0159 559.


Mortgage Holiday

  • If your finances have been affected by coronavirus, you can request a 3-month mortgage holiday from your finance provider.
  • This will have the effect of extending your mortgage term by 3 months.
  • You need to be up to date with payments to access the holiday. Not making scheduled payments without agreeing this first could affect your credit rating.




During the crisis Lucy Cameron and her team are putting aside 5 pro-bono hours a week to coach 5 business owners who need help to survive and thrive.

Contact to secure your session.



Useful Links:

Find your local authority:

World Health Organisation Updates:

NHS Advice:





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