Please keep checking this page for further updates.
The Government has introduced new business support measures and we are doing our very best to ensure that our businesses have regular updates. If you are an SME and do not qualify for Small Business Rate Relief and the associated grants as you are not in the supported sector please contact Martyne Manning, firstname.lastname@example.org for further guidance.
New Local Authority Discretionary Grant (LADG)
The discretionary grant is now available to support businesses that did not qualify for Small Business or Retail Leisure and Hospitality Grants. Until 13 July 2020 we are inviting applications for our grants from small and micro businesses. The grant will pay £25k, £10k or up to £10k towards fixed property costs incurred during lockdown.
Awards will be determined from 13 July onwards according to the funding available at that time and will be assessed according to
- The nature of the business, with priority being given to the manufacturing and engineering sectors
- The number of employees (headcount)
- The level of property costs
- The level of income lost
In order to be considered a business must:
- Have been trading from the business premises on 11 March 2020
- Have significant fixed property costs (not exceeding £51,000 per year)
- Not have a rateable value exceeding £51,000
- Have suffered significant losses of income as a direct result of Covid-19.
- Be a small or micro company, satisfying at least 2 out of the following 3 criteria; Employ less than 50 people, have an annual turnover not exceeding £10.2m, have balance sheet assets not exceeding £5.1m
Further information and the application form can be found on the LADG webpage.
Any questions or queries about this grant can be directed to email@example.com or telephone 01785 619000
Self-employment Income Support Scheme (SEISS)
The Government's Self-Employment Income Support Scheme will be extended and will pay out another single grant covering three months. Those eligible for the Self-Employment Income Support Scheme (SEISS) will be able to claim the additional grant in August, which will be worth up to 70% of their average monthly trading profits, though it's capped at £6,570 overall. The money will again be paid out in a single instalment covering June, July and August. Information can be found here grant to self-employed individuals or partnerships. If you receive the grant you can continue to work, start a new trade or take on other employment including voluntary work, or duties as an armed forces reservist. The grant does not need to be repaid but will be subject to Income Tax and self-employed National Insurance.
Small Business Grant - Important Update
So far we have issued £23m in small business grants to over 1800 businesses. We are still awaiting further information from other eligible businesses. If you Do Not pay rates by direct debit please complete the Business Grant - online form where you will be asked to upload a scanned copy or photograph of your bank statement. If you have already uploaded the form without proof we will be asking you to email a copy of your bank statement to firstname.lastname@example.org. Please put your business name in the subject line.
Bounce Back Loan
The scheme will help small and medium-sized businesses to borrow between £2,000 and £50,000. It will be launched on 4 May 2020
The government will guarantee 100% of the loan and there won’t be any fees or interest to pay for the first 12 months. To apply visit the GOV.UK website.
Coronavirus Job Retention Scheme Extended until end of October
HMRC will pay employers a grant worth 80% of an employee’s usual wage costs, up to £2,500 a month, plus the associated Employer National Insurance contributions and minimum automatic enrolment employer pension contributions on that subsidised wage - Coronavirus Job Retention Scheme.
HM Government have produced A step by step guide to claiming the Job Retention Scheme Grant.
Historic England’s Covid-19 Emergency Response Fund
Applicants are invited to apply for grants of up to £25,000 to address financial difficulties arising from Coronavirus. Grants of up to £50,000 are also available for projects and activities that reduce risks to heritage by providing information, resources and skills.
The Prince’s Countryside Fund Emergency Fund
Funding for farming and rural community support groups, who are providing assistance to counter the effects of isolation during the Coronavirus pandemic. Groups can apply for grant funding of up to £2,500 if they:
- are providing emergency relief to vulnerable or isolated individuals or;
- are providing support to farmers and farm businesses affected by the Coronavirus pandemic or;
- are helping rural or farming communities to cope with the Coronavirus pandemic
The Prince’s Trust and NatWest Enterprise Relief Fund
The £5million Enterprise Relief Fund will offer grants to 18 to 30-year olds across the UK who are self-employed and/or running their own business. In conjunction with cash grants, the initiative will offer one-to-one support and guidance to anyone who needs it and who may be worried about their future.
Construction Industry Apprenticeship attendance grants
Apply here for advanced payment of apprenticeship attendance grants for 2nd and 3rd year apprentices to help ensure future skills are retained in the construction industry amid the coronavirus outbreak. The payments are expected to be able to support 7,500 apprentices, and will advance up to £2,500 in attendance grant at a time when retaining apprentices is critical.
Arts Council Emergency Response Fund
A £160 million package to support individuals and organisations across the cultural sector in response to the Covid-19 crisis. Funding requirements have changed for individuals and organisations currently in receipt of funding to help alleviate pressure. More information on the Arts Council Emergency Response Fund.
Coronavirus Business Interruption Loan Scheme
The Coronavirus Business Interruption Loan Scheme, has been significantly expanded along with changes to the scheme’s features and eligibility criteria. Importantly, access to the scheme has been opened up to those smaller businesses who would have previously met the requirements for a commercial facility but would not have been eligible for CBILS. Insufficient security is no longer a condition to access the scheme from Monday 6 April.
Staffordshire Emergency Grants Programme
There are 3 tiers for organisation grants: £1000, £1000 to £5000 and £5000 plus available to Charities, Voluntary Groups, Social Enterprises and other businesses as long as the project benefits the local community. More information and how to apply is available on The Community Foundation website.
The following links will provide information relating to how your business can access HM Government support:
- BEIS Business Support Calculator
- Business Support - HM Government
- Advice on business continuity management - Business Continuity Management toolkit to help you to make your own arrangements to manage business interruption
- Tax helpline to support businesses affected by Coronavirus - Gov.uk