30th March 2020

These are clearly unprecedented times, and we are dedicated to helping to keep businesses in the North East updated on measures announced. Our team has developed a series of resources detailing the announcements made so far, in order to inform businesses and help you understand what actions you can take.

Click here to download our document on the Coronavirus Job Retention Scheme

The Job Retention Scheme is a temporary scheme open to all UK employers for at least three months starting from 1 March 2020. The scheme is expected to be up and running for employers to make grant claims by the end of April. It is designed to support employers whose operations have been severely affected by coronavirus (COVID-19).

Click here to download our document on the Coronavirus Job Retention Scheme (CJRS) Illustrative calculations

This is a pack of illustrious calculations that should be read alongside the full guide to the CJRS above.

Click here to download our document on the Coronavirus Business Interruption Loan Scheme (CBILS)

“CBILS” is an initiative where-in the government will provide lenders with a guarantee of 80% on loans to businesses with a turnover of up to £45m; a separate initiative has also been made available by the Bank of England for larger corporates.

Click here to download our document on the Coronavirus Large Business Interruption Loan Scheme (CLBILS)

The Coronavirus Large Business Interruption Loan Scheme (CLBILS) will open on Monday, 20 April 2020. This initiative is designed to help mediumsized and larger businesses affected by the coronavirus outbreak to access funding.

Click here to download our document on the Coronavirus Self-Employment Income Scheme

The support announced is for the self-employed and follows a week of pressure to do something for the self-employed after the Job Retention Scheme for employees was announced on Friday 20 March.

Click here to download our 12 week cash flow forecast template

We are aware ​that many businesses are having to quickly prepare 12 week cash flow forecasts. This is either as part of the application process for the Coronavirus Business Interruption Loan Scheme (CBILS) and/or as part of their own internal cash management process. To lend our support to business in the North East, we have prepared a user friendly template, which is free to download.

Click here to download our guidance on the Coronavirus Bounce Back Scheme

In response to feedback that lending under the CBILS initiative has been too slow and too complex for many of its applicants, the Government has now announced preliminary details about a new fast-track “Bounce Back” loan scheme.

Click here to download our guidance on the Future Fund

The Future Fund is an initiative targeted on providing financial support to innovative businesses in the UK. Through the Future Fund the Government will initially make £250m of convertible loans available to qualifying businesses on a match funded basis, and the scheme will remain open until September 2020.

Click here to download our Coronavirus VAT guide

In relation to VAT we thought it would be helpful to give a standalone summary covering the announcements to date (the most recent being Friday 27 March), the main questions being asked by clients, the answers and practical suggestions.

In the wake of the COVID-19 pandemic, many businesses have been understandably focused on stabilising cash-flow. As restrictions start to

HMRC has announced the expected opening from 26 May 2020 of the portal for small and medium sized employers (those

Newcastle-based chartered accountancy and business advisory firm UNW has welcomed the appointment of Mike Blenkharn as Senior Manager to its

The Chancellor of the Exchequer, Rishi Sunak, has today (12 May) announced that the government’s Coronavirus Job Retention Scheme (CJRS)

These are clearly unprecedented times, and we are dedicated to keeping our clients and contacts updated on measures announced by