Support Limited Company Directors with grants during the second lockdown

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Petition Action

Support Limited Company Directors with grants during the second lockdown

Petition Details

Provide grants for Limited companies where the directors are the only employees. Base the grant on a capped percentage of dividends paid or provide a fixed grant to allow the millions of incorporated businesses solely operated by one or more directors to survive.

Additional Information

We are one of the ONLY groups not covered!

Limited company directors have fallen through a gap this year for financial support. Not eligible for the SEISS simply because we have grown our companies and incorporated!

It is unrealistic to use the furlough scheme as salaries paid are minimal, topped up with dividends. Such companies pay billions in VAT, corporation tax & personal tax, only to have been overlooked, which cannot happen a second time.

A capped grant based on dividends or a fixed grant for each director is desperately needed.

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