Latest News

Business Support post covid

How can SMEs benefit from the latest budget?

In this week’s budget, the chancellor announced a number of financial initiatives to help SMEs bounce back following a turbulent twelve months.

Financial opportunities to help you grow your business include:

Help to Grow Scheme – introduced

This scheme aims to support small and medium sized businesses by providing digital and management tools and training. Business can apply for a £5000 voucher to cover the cost of approved software, and access free expert training.

The software should be used to help build customer relationships and increase sales; make the most of selling online; or help your business to manage your accounts and finances digitally.

UK businesses from any sector are eligible; however, you must meet the following criteria:

• Have been trading for more than 12 months.
• Have between 5 to 249 employees.
• Be registered at Companies House.
• Must be purchasing the discounted software for the first time.

Self-Employment Income Support Scheme – continued

It was welcome news that the Self-Employment Income Support Scheme (SEISS) will continue. Along with offering a fourth and fifth grant, those who became self-employed in 2019/20, may now be able to benefit from a grant under SEISS.

The fourth grant will run from February until April and cover up to 80 percent of three months’ trading profits up to £7500. The fifth grant will run from May to September. If your self-employed turnover has fallen by 30 percent or more, you can apply for the 80 percent grant, but if your self-employed turnover has fallen by less than 30 percent, then you’ll get a 30 percent grant.

However, self-employed company directors who pay themselves in dividends rather than PAYE are excluded from this support.

Furlough until end of September – extended

The Coronavirus Job Retention Scheme (CJRS), or furlough as it’s known, has been extended until September.

This support will be tapered, and employers are expected to pay 10 percent towards the hours their staff don’t work in July, increasing to 20 percent in August and September, as the economy gradually reopens.

Business Rates Holiday – extended

The business rates holiday in England has also been extended for an additional three months.

For firms in England, including 750,000 retail, hospitality and leisure properties, the rates holiday will continue until June. Further relief is available for the rest of the year with a proposed 75 percent discount after June.

Restart Grant – introduced

The Restart Grant scheme has been introduced to help hard-hit businesses with up to £18,000 available to leisure and hospitality businesses and up to £6,000 for non-essential retail.

Approximately 700,000 businesses will be eligible for the grant, and these include shops, salons, gyms, and restaurants.

The Restart Grant is available in England only and will be paid directly to businesses from their local authority from April.

Recovery Loan Scheme – launched

The Recovery Loan Scheme is set to run until the end of December 2021, but this is subject to review.

The minimum facility sizes vary, starting at £1,000 for asset and invoice finance and £25,001 for term loans and overdrafts. The maximum value of a facility provided under the scheme will be £10m per business.

There’s no turnover restriction for businesses wanting to access the scheme, and a variety of products are available, including term loans, overdrafts, asset finance and invoice finance facilities.

Term loans and asset finance facilities are available for up to six years, and overdrafts and invoice finance available for up to three years. However, interest and fees have to be paid by the business from the outset.

Does your business need a boost?

Whizz Marketing is a local SEO company who can help you get your business get back on track. Call us on 01252 622129 to find out more.

Enjoyed this Article?

Then get free updates with email marketing tips and strategy advice

    We will not share your email address with third parties. Please check our Privacy Policy for details on how we store and use your data

    Please view our Privacy Policy for full T&CS

    We have been dealing with Louise at Whizz Marketing Services along with the web designer that she kindly recommended we use, we have had nothing but a great experience with Louise from her copywriting to SEO marketing strategies. We are grateful that Louise has been patient with us, ALWAYS delivered what we have asked of her and very quickly too, I am not always the fastest at getting back as I have to check in with two directors before I can make final decisions but again, very patient. I feel Louise completely understood the image we like to portray and the content that she wrote up for our website reflects this. Very happy, will be using Louise for many years to come and will recommend to anybody looking for similar services. Also, recommend the web designer that is recommended by Louise as they work hand in hand with each other perfectly. Brilliant communication, friendly and reliable and local too, so glad we found Whizz!
    Jones Moves
    Jones Moves
    18:03 15 Jun 23
    Louise used her expert SEO skills on our agency website and has increased the traffic and leads that are coming into the business for keywords that we were nowhere to be seen. I also refer Louise to my clients as finally i’ve found someone who not only talks the talk, but walks it too!Highly recommended!
    Nav Singh
    Nav Singh
    08:41 11 Nov 22
    Louise has a friendly, professional and efficient approach and is easy to work with. I don’t have time to manage the marketing of the business, so it’s great to have an agency I can rely on to do what is needed to keep the brand visibility high in Google and manage the social profiles.  The stronger online brand presence we now have has definitely contributed to the growth and success of my business. I wouldn’t hesitate to recommend Whizz Marketing.
    Chris King
    Chris King
    16:20 03 Aug 20
    Whizz Marketing was recommended to us by our graphic designer back in 2016. Louise very quickly understood what we wanted to achieve with the rebranding and new website, and worked well with the web developer and graphic designer to help produce a site that not only looked great and clearly defined our brand and ethos, but using her SEO knowledge, she made sure the site worked to attract the right audience, increasing our brand visibility in Google and driving targeted traffic.Louise has continued to provide dedicated support over the years as and when we have needed it. She has been very flexible in her approach and is very easy to work with. She has done a fantastic job for us and I would not hesitate in recommending Whizz Marketing.
    Matt Cobden
    Matt Cobden
    09:46 22 Jul 20
    Louise has been great with helping to build my new website. Her knowledge is fantastic. Louise is very quick to respond to your emails and phone calls. Highly recommend :)
    Ryan Kaye
    Ryan Kaye
    12:35 05 Jul 18
    Louise at Whizz Marketing has been a great help to us in the re-design of our website and launch of a new marketing and social media strategy. Louise co-ordinated the website design, build and content on our behalf ensuring everything hit the latest SEO requirements. This provided the launch pad for a new blog and social media strategy, which Louise also managed on our behalf. We’re very happy with the new design and our website performance and traffic KPIs are moving in a very positive direction within a matter of weeks
    Adam Bland
    Adam Bland
    08:02 05 Jul 18
    Whizz Marketing have more than met my expectations. I was struggling to get my website to a consistently prominent position on internet searches. They have put that right. They are not pushey, they are fairly priced, get results, and ideal for small local businesses. I run Yoga Mind and Body which is based in Camberley but I want to get good results in each of the three areas in which I teach: Deepcut, Hook and Hartley Wintney. I am now going to get Whizz to work with me on more generic local marketing in anticipation that it will yield more people coming to my yoga classes.Many thanks Louise and your team.Namaste, JohnstonJohnston Lowry Founder / Teacher / Yoga Mind and Body
    Johnston Lowry
    Johnston Lowry
    08:32 09 Nov 17
    We've been delighted with the service Whizz Marketing provided us at The Homemade Brownie Company. Louise brought great technical expertise to the business and was pro-active with her ideas and suggestions. She was always readily available to support and delivered very impressive results in terms of website performance, website traffic and sales conversions. We would not hesitate to recommend her.
    Adam Bland
    Adam Bland
    12:42 04 Aug 17
    Louise at Whizz Marketing has been a god send! Having someone who is honest, trust worthy, efficient and knowledgeable handling all of our SEO requirements has enabled us to concentrate on other aspects of our business. I would highly recommend Whizz Marketing to anyone who wants to see their business thrive online.
    Emma Henderson
    Emma Henderson
    14:51 23 May 17
    Louise from Whizz Marketing has helped us with our company’s SEO, offering advice which was practical and relevant to the nature and size of our business. Louise’s knowledge of the local market platforms has been a real positive for us. We have certainly been able to reach a wider audience as a direct result.Our website ranking has benefited greatly from her advice. The ongoing support and input from Whizz Marketing is money well spent – a great return on our investment.
    Farnham Golf Club
    Farnham Golf Club
    14:18 04 Sep 15