Covid-19

For the latest Government advice for individuals and businesses, please follow these links:


Due to the infectiousness of the virus, the Government is currently advising all citizens to:

  • Only go outside for food, health reasons or essential work

  • Stay 2 metres (6ft) away from other people

  • Wash your hands as soon as you get home  

Anyone can spread the virus.

 

Click here for full guidance on staying at home and away from others.

 

Financial Support for Businesses

The Chancellor has set out a package of temporary, timely and targeted measures to support public services, people and businesses through this period of disruption caused by COVID-19.

This package of measures to support businesses includes:

  • Self-employment Income Support Scheme

  • Coronavirus Job Retention Scheme

  • Deferring VAT and Income Tax payments

  • Statutory Sick Pay relief package for SMEs

  • A 12-month business rates holiday for all retail, hospitality, leisure and nursery businesses in England 

  • Small business grant funding of £10,000 for all business in receipt of small business rate relief or rural rate relief

  • Grant funding of £25,000 for retail, hospitality and leisure businesses with property with a rateable value between £15,000 and £51,000

  • The Coronavirus Business Interruption Loan Scheme offering loans of up to £5 million for SMEs through the British Business Bank

  • A new lending facility from the Bank of England to help support liquidity among larger firms, helping them bridge coronavirus disruption to their cash flows through loans

  • The HMRC Time To Pay Scheme

For the latest business advice from the Government please see the Business Support Website

Her Majesty's Treasury has produced this fact sheet to help you access Government financial support, including for the self-employed and business support. 

You may also find the following webinar useful, titled 'Coronavirus: financial help explained for SMEs and the self-employed' 

Self-employment Income Support Scheme

Claim a grant through the coronavirus (COVID-19) Self-employment Income Support Scheme. Use this scheme if you're self-employed or a member of a partnership and have lost income due to coronavirus.

The Self-employment Income Support Scheme (SEISS) will support self-employed individuals (including members of partnerships) whose income has been negatively impacted by COVID-19. The scheme will provide a grant to self-employed individuals or partnerships, worth 80% of their profits up to a cap of £2,500 per month.

For further information, and how to apply, click here

FAQ's can be found here 

Coronavirus Job Retention Scheme

The Coronavirus Job Retention Scheme is a temporary scheme open to all UK employers for at least three months starting from 1 March 2020. We expect the scheme to be up and running by the end of April. It is designed to support employers whose operations have been severely affected by coronavirus (COVID-19).

Employers can use a portal to claim for 80% of furloughed employees’ (employees on a leave of absence) usual monthly wage costs, up to £2,500 a month, plus the associated Employer National Insurance contributions and minimum automatic enrolment employer pension contributions on that wage. Employers can use this scheme anytime during this period.

The scheme is open to all UK employers that had created and started a PAYE payroll scheme on 28 February 2020.

For more information please click here 

Business Rate Relief

£20bn of business rates support and grant funding has been announced to help the most-affected firms manage their cashflow through this period, this includes:

  • Giving all retail, hospitality and leisure businesses in England a 100% business rates holiday for 12 months.

  • Increasing grants to small businesses eligible for Small Business Rate Relief from £3,000 to £10,000

  • Providing a further £25,000 of grants to retail, hospitality and leisure businesses operating from smaller premises, with a rateable value over £15,000 and below £51,000

The above will be delivered by Local Authorities. Small businesses that pay little or no business rates and are eligible for small business rate relief (SBRR) or rural rate relief will be contacted by their Local Authority – they do not need to apply.

Local authorities have provided the following information on the scheme:

Check your local authority here

Coronavirus Business Interruption Loan Scheme (CBILS)

  • The Business Interruption Loan Scheme is designed to support businesses that are viable but unable to obtain finance due to having insufficient security to meet the lender’s normal requirements. This will support businesses with a turnover of up to £41m

  • The scheme will be delivered through commercial lenders, backed by the Government-owned British Business Bank. There are 40 Accredited Lenders able to offer the scheme, including all the major banks. The Scheme will support business loans and overdrafts of up to £5 million in value by providing a guarantee to the lender. The Government will not charge businesses for this guarantee. The scheme will also cover asset finance and invoice finance.

  • The decision on whether to offer finance is taken by each individual lender, not by government. Businesses remain responsible for repaying any borrowing that they take out.

  • In order to access the scheme, businesses should contact their finance provider, not the British Business Bank. This will help your finance provider to act quickly once the scheme has launched. If you have an existing loan with monthly repayments you may want to ask for a repayment holiday to help with cash flow.

Click Here for more information on the Coronavirus Business Interruption Loan Scheme - Now accepting applications 

 

Further Advice

  • The Chartered Institute for Personnel and Development has produced a Fact Sheet, which sets out how employers should respond to the threat from Coronavirus.

  • HMRC has launched a tax helpline to help businesses concerned about paying their tax due to coronavirus. Details Here or contact 0800 0159 559

  • Companies House has produced guidance if Coronavirus has affected your company and you need more time to file your accounts. Information Here. Companies house are also offering a 3 month extension period for all businesses to file thier accounts during Covid-19, more information can be found here

  • The Department for Transport and Public Health England have produced specific guidance for the Transport Sector Here

  • The NHS has a concise guide to Coronavirus, setting out how it's spread, how to avoid catching it, symptoms, treatment and what to do if you think you or any of your employees might be infected. Details Here

  • The World Health Organisation has more detailed information including videos on best practice and posters to download to inform your workforce. There’s also a useful myth-buster section and advice on when face masks are appropriate. Click Here

  • Public Health England has two useful blogs on Coronavirus, the first addresses FAQs about Coronavirus and the second looks at How it uses Contact Tracing to Limit the Spread of the Virus in the UK.

  • Support for charities can be Found Here 

  • General support for looking after your mental well-being during this time.

  • The Building Business Resilience Programme is offering specific advise on the Covid-19 crisis, Click Here to Book an Appointment

  • Information on extra protection for businesses with a ban evictions for commercial tenants who miss rent payments can be found here

  • Click here for guidance on the closure of all retailers that sell non-essential goods and non-essential premises 

 

Growth Hub Events

We have now postponed all of our face to face Growth Hub events up until June 2020 under recent government advice. We will review this date on an ongoing basis. If you have booked onto a Growth Hub event you will receive updates from our events team but if you are unsure please call 0333 006 9178

The D2N2 Growth Hub will continue to provide updated information for businesses as it becomes available. If you haven't already done so please Subscribe to our Newsletter for all the latest updates.

 

The Government are keen to hear what the impacts of Covid-19 are on local businesses. Please complete this form to submit your feedback, here

(Please Note: This webpage is constantly being reviewed and updated to reflect current government advice and guidelines. The D2N2 Growth Hub acts as a signposting service, therefore, for specific queries on processing of support please contact the provider)

 

D2N2 Growth Hub & ERDF Logos

 

Book an Appointment with an Adviser

Your business is unique but the challenges you’ll face in business aren’t, we can help get you through them.

Our free and impartial support is delivered by experienced and expert business advisers, giving you the right advice at the right time for your business. 

Contact us today to access a wealth of support, events, business growth programmes and expert advice.

Tracey Hylton Burrows
Account Manager
Image of Tracey Hylton Burrows
I would like to book an appointment