Financial support: individuals
Self-Employment Income Support Scheme
If you’re self-employed or a member of a partnership and have been impacted by coronavirus (COVID-19) find out if you can use this scheme to claim a grant.
Businesses who deferred their VAT will no longer have to pay a lump sum at the end of March next year. They will have the option of splitting it into smaller, interest free payments over the course of 11 months.
Any of the millions of self-assessed income taxpayers who need extra help, can also now extend their outstanding tax bill over 12 months from January.
Financial support: SME businesses
Businesses impacted by the new lockdown will be able to access additional grants of up to £9,000 per premises – with £4.6 billion available across the UK. Read more: http://bit.ly/LockdownGrantN
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 April 2021 covering 80% of employees’ wages.
Job Retention Bonus
As part of the plan to support jobs, a Job Retention Bonus will be introduced to help firms keep furloughed workers. UK Employers will receive a one-off bonus of £1,000 for each furloughed employee who is still employed as of 31 January 2021.
Deadline for coronavirus business loan schemes extended
Deadlines for applications to government-backed loan schemes and the Future Fund have been further extended until the 30 March 2021.
The Coronavirus Business Interruption Loan Scheme (CBILS) provides financial support to smaller businesses affected by coronavirus (COVID-19): https://gov.uk/guidance/apply-for-the-coronavirus-business-interruption-loan-scheme
The Bounce Back Loan Scheme (BBLS) enables smaller businesses to access finance more quickly during the coronavirus outbreak: https://www.gov.uk/guidance/apply-for-a-coronavirus-bounce-back-loan
Financial support: large businesses
Coronavirus Large Business Interruption Loan Scheme (CLBILS)
The Coronavirus Large Business Interruption Loan Scheme (CLBILS) ensures that more firms are able to benefit from government-backed support during this difficult time. It will provide a government guarantee of 80% to enable banks to make loans of up to £25 million to firms with an annual turnover of between £45 million and £500 million. The application deadline for all coronavirus loan schemes has been extended to 30 March 2021. More details are available here.
The Bank of England’s Covid Corporate Financing Facility are providing a quick and cost-effective way to raise working capital for large firms who need it. Information, including which lenders to contact, is available on the Bank of England’s website.
Covid-19 Corporate Financing Facility (CCFF)
Vehicle to support corporates who would ordinarily seek market-based finance for their working capital, but find themselves unable to access financial markets in this uncertain operating environment.
Businesses in York and North Yorkshire have been nominated as most loved as part of national Love Local Day.
The York & North Yorkshire Partnership (LEP) has today launched a business support programme to help local businesses make significant cost savings, whilst also saving the planet. The Grow Greener programme, funded by the York & North Yorkshire Growth Hub and BEIS, has been specifically developed for SMEs in York and North Yorkshire with the
The team at Skills Support for the Workforce (SSW) have seen and heard first-hand the struggles that the pandemic has caused small businesses across York and North Yorkshire.
02nd March 202112:00 pm - 1:00 pmFREE
This free webinar with business coach Gareth Allen will provide a summary of the commercial funding options available to businesses, with detail on how to make themselves more attractive to funders.
03rd March 202112:00 pm - 1:30 pmFREE
This free webinar will help small business owners to understand the terminology and usefulness of different kinds of financial information.
This webinar with business coach Gareth Allen will give attendees some ideas about staying organised and on top of their workflow as well as suggesting some specific solutions and discussing delegation.
This webinar with tourism marketing expert John Gallery will assist businesses to identify their target markets and share ideas how to reach them.