Covid - 19 Business Support and Advice

 

Businesses and venues which must remain closed

To reduce social contact, some businesses must remain closed or follow restrictions on how they provide goods and services. The full list of businesses required to remain closed can be found in here:  guidance on closing certain businesses and venues in England.

Roadmap out of lockdown – Businesses

There is guidance on reopening businesses and venues which explains which business will be permitted to open at each step of the roadmap.

 

Business support toolkit

The retail toolkit provides helpful guidance on how to reopen shops safely for your staff and customers.

DOWNLOAD TOOLKIT HERE

 

Hospitality support toolkit

To help hospitality businesses reopen and be Covid-19 Secure, we have created a tailor made toolkit which provides helpful guidance on how to reopen safely for your staff and customers.
 

DOWNLOAD TOOLKIT HERE

 

GOV.UK:  Working safely during coronavirus (COVID-19)

It is essential you take the time to read through the following guidance to ensure you are prepared to reopen your business. The Government has produced guidance to working safely during the coronavirus for specific work sectors along with practical steps for business to take.

Find out more here

 

HSE: Coronavirus (COVID-19): working safely

Our guidance on making your workplace COVID-secure gives an overview of the steps employers can take to protect people in the workplace.

Find out more here

 

Bounce Back Loan Scheme (BBLS)

Please note that as of 17 December, the Government has announced that the Bounce Back Loan Scheme (BBLS) will be extended until 31 March 2021. The Bounce Back Loan Scheme (BBLS) enables smaller businesses to access finance more quickly during the coronavirus breakdown. The scheme helps small and medium-sized businesses to borrow between £2,000 and up to 25% of their turnover. The maximum loan available is £50,000.

The government guarantees 100% of the loan and there won’t be any fees or interest to pay for the first 12 months. After 12 months the interest rate will be 2.5% a year.

Read more here   or Apply here

 

VAT Tax cuts and deferrals

The Chancellor announced on the 3 March 2021 an Extension to the VAT cut to 5% for hospitality, accommodation and attractions across the UK until the end of September, followed by a 12.5% rate for a further six months until 31 March 2022.  Find out how to pay VAT payments deferred between 20 March and 30 June 2020. You can pay now or get ready to opt in to the VAT deferral new payment scheme.

  1. Pay your deferred VAT
  2. If you want to opt in to the new payment scheme
  3. Get ready to opt in to the new payment scheme
  4. If you are not able to pay your deferred VAT

Read more here

 

Business Interruption Loan scheme

The Coronavirus Business Interruption Loan Scheme (CBILS) provides financial support to smaller businesses affected by coronavirus (COVID-19).  The scheme helps small and medium-sized businesses to access loans and other kinds of finance up to £5 million.  The government guarantees 80% of the finance to the lender and pays interest and any fees for the first 12 months.  The scheme is open until 31 March 2021.

Apply and Guidance on the scheme

 

Coronavirus Statutory Sick Pay Rebate Scheme 

The Chancellor announced on 3 March 2021 : Small and medium-sized employers in the UK will continue to be able to reclaim up to two weeks of eligible Statutory Sick Pay (SSP) costs per employee from the Government.

If you’re an employer, find out if you can use the Coronavirus Statutory Sick Pay Rebate Scheme to claim back employees’ coronavirus-related Statutory Sick Pay (SSP). The online service you’ll use to claim back Statutory Sick Pay (SSP) is now available. The Coronavirus Statutory Sick Pay Rebate Scheme will repay employers the Statutory Sick Pay paid to current or former employees.

Find out more here

 

Future Fund Scheme

The Future Fund scheme has now closed for new applicants. We are now processing applications which were correctly completed and submitted by a lead investor and matched by the investee business before 23:59 GMT on Sunday, 31 January 2021, when the scheme closed to new applications. The online portal will remain open for Investee companies with legally completed CLAs to submit information and MI for portfolio monitoring purposes.

Read more here

 

Coronavirus job retention scheme

The Coronavirus Job Retention Scheme has been extended until 30 September 2021. Find out more about how the scheme is changing.

  • Claims for furlough days in February 2021 must be made by 15 March 2021.
  • You can no longer submit claims for claim periods ending on or before 31 October 2020.

Read more here

 

Self-employment income support scheme

On 3rd March 2021, the Chancellor announced an extension of the UK-wide Self Employment Income Support scheme to September 2021, with 600,000 more people who filed a tax return in 2019-20 now able to claim for the first time.

  • Claims for the third SEISS grant have now closed.
  • The last date for making a claim for the third grant was 29 January 2021.
  • The online claims service for the fourth grant will be available from late April 2021.

Find out if you’re eligible for the fourth grant which will cover the period February 2021 to April 2021. Also find out information about the fifth grant.

 Find out more about the fourth grant

 

Kickstart scheme

The Kickstart Scheme provides funding to employers to create new 6-month job placements for young people who are currently on Universal Credit and at risk of long-term unemployment.

Funding will cover for each job placement:

  • 100% of the relevant National Minimum Wage for 25 hours a week
  • the associated employer National Insurance contributions
  • employer minimum automatic enrolment contributions

There will also be extra funding to support young people to build their experience and help them move into sustained employment after they have completed their Kickstart Scheme funded job.

Find out more here

 

Business Interruption Loan

The Coronavirus Large Business Interruption Loan Scheme (CLBILS) provides financial support to larger businesses affected by coronavirus (COVID-19).

The scheme helps medium and large sized businesses to access loans and other kinds of finance up to £200 million.  The government guarantees 80% of the finance to the lender.

GUIDANCE AND ONLINE APPLICATION

 

COVID-19 Corporate Financing Facility

This scheme helps large businesses affected by coronavirus (COVID-19) through the purchase of their short-term debt.

Under the COVID-19 Corporate Financing Facility (CCFF), the Bank of England will buy short-term debt from large companies.  This scheme will support your company if it’s been affected by a short-term funding squeeze and allow you to finance your short-term liabilities. It will also support corporate finance markets overall and ease the supply of credit to all firms.

The scheme is delivered through commercial lenders, backed by the Bank of England.

GUIDANCE AND ONLINE APPLICATION

 

 

Pay it forward – Mayors Back To Business Fund

Pay It Forward is part of the London Growth Hub’s wider support offer for London’s businesses. This includes an online hub of essential resources and free one-to-one telephone and virtual support. Find out more here

 

LONDON BUSINESS HUB

London Business Hub support London’s businesses to start, sustain and grow. 

The best of the capital’s huge business support offering in one convenient place.  

Free to use, easy to navigate, personalised to suit your needs and instantly at your fingertips the second you  join our thriving community of like-minded business owners.  London Business Hub is part of the national network of Growth Hubs delivered across England. 

 

Recover & Grow 

A Leadership development programme to make the right pivot for your business. 

Find out more here 

 

EU Post-Transition Business Resource Hub 

Support for firms to prepare for new rules for business and trade. 

Find out more here 

 

COVID-19 (Coronavirus) – Support for Businesses and Employers 

Support to help businesses and employers respond to COVID-19. 

Find out more here 

 

Boosting Community Business London 

Pilot programme supporting London-based community enterprises 

Find out more here 

 

Other Useful links

Business Support Helpline

West London Business

HMRC Helpline

Growth Hubs

Business Services