Welcome to The #ForgottenLtd Campaign for small limited company directors affected by the coronavirus pandemic in the UK.
We need your help.
If you are a director of a #ForgottenLtd company please sign up here to find out how you can help fight this injustice and to receive regular updates of this campaign.
“The arbitrary injustice of excluding so many small business owners from any support casts a deep shadow over the Government’s response to Covid. Entrepreneurial self-starters who have set up small limited companies are the cornerstones of our economy, but 2 million of them have been excluded from any of the Covid support schemes. Petitions, debates in the Commons and numerous questions asked of ministers have been ignored. The Treasury needs to face the facts, recognise the injustice and offer the support that is desperately needed.”
Caroline Lucas MP
“By not providing short term support to get them through to the end of this pandemic, and that includes Ltd company directors, it includes newly self employed, it includes the other excluded categories, all of whom were in viable work, to use the chancellors term is a short sighted mistake that will cost them more in the long run. We need to get people over this hump and back to their jobs, back paying taxes, back contributing to society.”
Martin Lewis OBE
Financial Journalist and Founder of Money Saving Expert
We are small businesses.
We do not qualify for any meaningful government support.
The #ForgottenLtd Campaign exists to raise awareness of the lack of meaningful government support for the small business community across the UK. We call on the government to address this disparity by extending COVID-19 support packages to those of us left behind.
We are asking for parity. We are asking not to be forgotten.
Lee Climpson from Transmission Productions
How to save UK #ForgottenLtd
As small Ltd companies, we’ve been left out of
most Government financial packages.
The situation is that:
- As directors of small limited companies, we are not eligible for the self-employment income support scheme.
- Many of us do not qualify for small business grants, as we are not in commercial premises.
- Although the bounce back loan scheme is now available to some, many of us do not see taking on large debt in such an uncertain business landscape, as a realistic option.
- Furlough is a catch-22 for company directors. Unpredictable cashflow means our salaries are low, so the scheme doesn’t cover our living expenses. And if we furlough, we’re not allowed to work on saving our business.
We are asking you to put pressure on the Treasury to:
- Adopt the policy proposal for the Director’s Income Support Scheme (DISS)
- Give Limited Companies a corporation tax rebate
- Convert Bounce Back Loans to Grants
- Increase the discretionary grant fund allocated to local authorities.
- Create parity across all discretionary award authorities across the UK to avoid postcode lottery allocations.
- Allow furlough for all Limited Company directors to continue to work to support their businesses.
- Allow furlough for all Limited Company directors paid via #AnnualPAYE
- Extend Business Support Grants to all small businesses
Are you a Director of a Limited Company? If yes then please do join us at https://www.facebook.com/groups/, this is a private group where you will find further information and support. The group also offers the opportunity to share ideas, ask for advice, and provides members with access to other resources such as free webinairs.
What you can do
Follow us on twitter – @ForgottenLtd, this is the place to go if you want to be heard. Find out who is saying what. Who is supporting us, what’s being said in the news? Make your voice heard and help us to amplify our message.
Find out how
“The Government should focus on making sure that those self-employed who work through their own companies can have dividends that result from self-employment being counted when it comes to the assessment of the furlough amount that they can qualify for.”
Mel Stride MP
Treasury Select Committee Chair
“If [the Treasury] wants a bounceback post-shutdown, every company that was viable pre-shutdown should be helped. Help is not the same as ‘go and get a loan’, even if it is interest free at first, because the ‘helper’ is requiring you to take a unquantifiable risk with your future.”
BBC Economics Correspondent