Coronavirus: government & financial support
Government support for businesses
For a full list of support for businesses and the self-employed, visit the Business Support website
To find out if you can access support, you can use the government’s eligibility checker
For further guidance, visit the government’s website
Financial support: individuals
Self-Employment Income Support Scheme
If you’re eligible based on your tax returns, HMRC will contact you in mid-July to give you a date that you can make your claim from. It will be given to you either by email, text message, letter or within the online service.
The online service to claim the fifth grant will be available from late July 2021.
Support for businesses paying tax: Time To Pay Service
If you cannot pay your tax bill on time because of coronavirus, you may be able to delay it without a penalty using HMRC’s Time to Pay service.
You might be eligible if your UK business:
- pays tax to the UK government
- has outstanding tax liabilities
Financial support: businesses
Coronavirus Job Retention Scheme
Following the Prime Minister’s announcement on further restrictions, the UK-wide Coronavirus Job Retention Scheme will be extended until the end of September 2021 covering 80% of employees’ wages.
Read More: https://www.gov.uk/guidance/claim-for-wages-through-the-coronavirus-job-retention-scheme
Recovery Loan Scheme
Businesses – ranging from coffee shops and restaurants, to hairdressers and gyms – can now access loans varying in size from £25,000, up to a maximum of £10 million. Loans will include 80% government guarantee and interest rate cap.
The scheme is open until 31 December 2021, subject to review.
More info: bit.ly/RecoveryLoanN
Additional Restrictions Grant
You might be able to get this grant if your business has been negatively affected by coronavirus.
Your local council will decide if you are eligible and how much you can get. Examples of what makes your business eligible could include:
- you do not pay business rates and your business was closed by law
- you supply an industry that had to close because of coronavirus, for example the retail, hospitality or leisure sector
- your business is in the events sector
The Additional Restrictions Grant ends on 31 March 2022.
Find out more about the coronavirus Additional Restrictions Grant. You’ll need to apply through your local council.
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Events
29th September 202110:00 am - 11:00 amFREE
29 Sept - Resilient leadership
Resilience is needed now more than ever for business owners, leaders, and managers during our current ever-changing circumstances. Learn how to adapt, evolve, and lead through adversity with this webinar.
30th September 202110:00 am - 11:00 amFREE
30 Sept - Capitalising on your social media impacts
Social media is a valuable marketing tool for businesses, especially now as more people than ever spend time online. Capitalise on the latest trends and learn how make an impact using social media marketing with this webinar.
05th October 202110:00 am - 11:00 amFREE
5 October - The SME cyber threat landscape
The risk of cyber attacks continues to grow - and can happen to any SME at any time. Knowing how to prevent attacks and protect your business is more important than ever. Stay informed and learn how to prevent cyber crime with this webinar.
Resources
Start-up webinar: Is starting a business right for you?
This webinar will help you understand what is involved in self-employment and starting a new business, as well as other aspects you need to consider including is there a demand for your idea and is now the time right to commence your journey into business?
Video and downloads: 10 questions to ask when starting a business
Looking to start a business? Watch our video to find out what you should think about and download our handy resource pack that includes planning resources, finance templates and a check list to get you started.
Immigration webinar: Living, working and studying in the UK after Brexit
This free webinar with the Home Office provides details of the new immigration system post Brexit, what it means for your business and for those living, working and studying in the UK
