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.
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.
IT is integral to the inner workings of most businesses and good IT support is something that even small businesses may need to rely on at some stage. The market for outsourced IT support is absolutely huge, which can make choosing a service that’s right for your business pretty difficult. It’s not always obvious what
York & North Yorkshire LEP Kickstarter Danny talks about the benefits of the Kickstart Scheme for both businesses and young people.
17th September 202110:00 am - 3:00 pmFREE
Do you want to start your own business, but not sure where to begin? Join our free business course starting 6 September.
13th October 202110:00 am - 11:00 amFREE
This free webinar with Agricultural Business Training (ABT) will help you understand how income could be affected by change, what opportunities lie ahead in the agricultural industry, and where you can gain further information and support.
10th November 202110:00 am - 11:00 amFREE
This free webinar with Agricultural Business Training (ABT) will help you increase your basic farm business skills, financial knowledge and enable you to gain a better understanding of VAT categories and how to comply with future legislative changes.
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
Ambitious businesses in York and North Yorkshire have the opportunity to come together and work collaboratively as part of our new Peer Networks programme.