Coronavirus: government & financial support
Government support for businesses
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 – CLOSED
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.
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 – CLOSED
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 30 June 2022, 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.
Articles
668,000 people in Yorkshire and The Humber filed their tax returns on time
HM Revenue and Customs (HMRC) is reminding customers in Yorkshire and The Humber to get ready to meet the Self Assessment deadline and offering guidance to support businesses with their taxes.
Local start-ups set for bright future
Fourteen local businesses seem set for a great future. All fourteen have recently completed StriveLive, a two-month start-up incubator, with five businesses picking up awards and £2,500 in grant funding.
Skills Bootcamps will support more than 1,000 residents
A new skills programme is being launched across York and North Yorkshire.
Events
14th December 20229:00 am - 5:00 pmFREE
14 Dec - Harrogate Co-Lab: Business Support Drop-In Session
This free drop-in service based in Harrogate can help answer your questions and direct you to relevant business support, resources and programmes.
14th February 202310:00 am - 11:00 amFREE
31st January - Marketing Planning Webinar Series: Creating a joined-up marketing plan for your business
This three-part interactive webinar series will guide you through the marketing planning process, giving you all the necessary tools to create your own effective marketing plan for your business.
Resources
2022 Seminar Recordings
We have recently hosted a programme of in-person seminars and other events, some of which were professionally recorded and can now be viewed on our website.
Seminar Recording : Access to finance: Funding growth
This workshop will provide guidance on cost based pricing, calculating your costs before deciding an appropriate margin, as well as covering market based pricing asking questions such as: What value do you add? What are you worth? How do you position yourself?
Seminar Recording : Access to finance: Funding growth
Getting into the right habits early on in your business journey will make life easier as the business grows and you find yourself under more time pressure. This workshop with business coach Gareth Allen will pose some useful questions to ask yourself, and give you some ideas to get the basics right.
