The Government has made available a full range of business support measures during this time. For all the latest up-to-date government guidance on coronavirus support for businesses, please visit the Business Support page.
These measures include:
- a Coronavirus Job Retention Scheme
- deferring VAT and Income Tax payments
- a Statutory Sick Pay relief package for small and medium sized businesses (SMEs)
- a 12-month business rates holiday for all retail, hospitality, leisure and nursery businesses in England
- small business grant funding of £10,000 for all business in receipt of small business rate relief or rural rate relief
- grant funding of £25,000 for retail, hospitality and leisure businesses with property with a rateable value between £15,000 and £51,000
- the Coronavirus Business Interruption Loan Scheme offering loans of up to £5 million for SMEs through the British Business Bank
- a new lending facility from the Bank of England to help support liquidity among larger firms, helping them bridge coronavirus disruption to their cash flows through loans
- the HMRC Time To Pay Scheme
Latest update 22 June 2020
On Monday 22 June NatWest Social and Community Capital launched the £1m Coronavirus Response Fund. Applications for the Coronavirus Response Fund are now closed. Natwest will be in touch with shortlisted entries in due course.
On Friday 29 May the Government released an update to the Job Retention Scheme, please see tab below for more details. Note, applications from new applicants for the JRS closed on 30 June 2020.
On Friday 29 May the Government announced the second grant for the Self-employed income support scheme (SEISS). Please see the tab below for more details.
On Friday 1 May the Government announced a ‘Top Up’ discretionary grant for certain small businesses not in scope for the business grant funds scheme. The application process will open on Friday 29 May. Go to our Discretionary top-up fund page for details on how to apply
On Tuesday 26 May the Government launched its online service for small and medium-sized employers to recover Statutory Sick Pay (SSP) payments they have made to their employees. Go to the 'Statutory Sick Pay' tab below for more details.
The Future Fund has been designed by government and will be delivered by the British Business Bank. The scheme opened to applications on Wednesday 20 May 2020 and is open to eligible companies operating in all sectors. Go to the 'Business grants and funding' tab below for more details and links.
The scheme will issue convertible loans between £125,000 to £5 million to innovative companies which are facing financing difficulties due to the coronavirus outbreak.
You may be able to claim a grant through the Self-Employment Income Support Scheme. These grants opened for applications on Wednesday 13 May via the GOV.UK website. The grants are being administered by the HMRC and not the district and borough council. Find out if you are eligible here - Self-Employment Income Support Scheme
On Friday 1 May the Government announced a ‘Top Up’ discretionary grant for certain small businesses not in scope for the business grant funds scheme. Select the Business Grants and Funding tab below for more details. The window for applications for this fund closed on Friday 19 June 2020.
The government announced a new loan scheme for small businesses affected by the coronavirus pandemic. The scheme launched for applications on Monday 4 May. Go to the Loans for businesses tab below or visit Bounce Back Loan Scheme
The Government has a launched a new support page to help businesses find about out what help is available.
The government has acknowledged that the COVID-19 pandemic is likely to affect the ability of many tenants, owner-occupiers and buy-to-rent landlords to pay their housing costs. We have released a Housing Bulletin with information on the support currently available.
The Government has announced financial support for fishing businesses. Go to our Fishing Businesses page for more details.
The business grants funding scheme is now up and running. Go to our Small Business Grants page for more details on how to apply.