New Financial Support Checker will help SMEs and self-employed people across the UK to quickly determine what financial support is available to them during the coronavirus pandemic
Simple questionnaire takes business owners just a few minutes to complete and will point them towards relevant government financial support
The checker sits in Simply Business’ dedicated Covid-19 support hub, alongside tailored, practical content for the self-employed
Simply Business, one of the UK’s largest providers of insurance for SMEs, landlords and the self-employed, has created a Financial Support Checker to help people understand what support and schemes are available for them.
From cafe owners to hairdressers, and fitness instructors to tradespeople, SMEs and micro-businesses have been among the hardest hit by COVID-19. According to The Office for National Statistics, one in four SMEs have been forced to close, with 500,000 thought to be in financial distress.
But with a number of new schemes launched and information on the coronavirus outbreak constantly changing, it can be confusing for people to quickly figure out what support is available for their small business – and how they can access it.
The new tool from Simply Business simplifies the process for business owners, helping them to understand exactly which schemes they can apply for, and how to access them.
The ‘support finder’ tool will help businesses and self-employed people across the UK to quickly and simply determine what financial support is available to them during the coronavirus pandemic. This is designed to help more businesses get the financial support they are eligible for so they can weather the storm until such a time that it is possible to get back to business as usual.
The tool, which is completely free to use, asks business owners to fill out a simple online questionnaire about their business, which can take just a few minutes to complete. They will then be provided with a list of the financial support they may be eligible for.
UK CEO, Alan Thomas, commented: “Coronavirus has had a significant impact on all businesses – from the very largest to the smallest, and that’s no different for Simply Business, but we’re proud of the ways we’ve been able to respond for our customers.
“Insuring over 680,000 small businesses – from plumbers to accountants to dog walkers – has allowed us to see first-hand how hard these people have been hit by coronavirus. We want to support every small business in weathering this storm, knowing that they play such a vital role in our economy.
“That’s why we’ve created a free tool to make it easier to access the government’s wide range of financial support. It takes just a few minutes to complete, and then instantly signposts a business owner to the loans, grants or other schemes they could be eligible for – and where to go to access them.”