How to use the business bailout

The government has provided unprecedented support to small businesses. Here’s how to benefit.

Many small companies are at risk of going under as demand plummets © Getty

An unprecedented government support package is available for small businesses suffering from the Covid-19 crisis. There is a combination of loans, grants and tax breaks to help as many as possible to avoid bankruptcy. The state will also subsidise heavily the cost of employing people over the next few months.

Subsidising employment

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David Prosser
Business Columnist

David Prosser is a regular MoneyWeek columnist, writing on small business and entrepreneurship, as well as pensions and other forms of tax-efficient savings and investments. David has been a financial journalist for almost 30 years, specialising initially in personal finance, and then in broader business coverage. He has worked for national newspaper groups including The Financial Times, The Guardian and Observer, Express Newspapers and, most recently, The Independent, where he served for more than three years as business editor.