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Find out how we can support your business with the links below:
Delivered by Lenders Accredited by The British Business Bank, the BBLS targets small and micro businesses in all sectors, providing loans from £2k up to 25% of the business’ turnover with a maximum loan of £50k.
The BBLS enables businesses to obtain a six-year term loan at a government set interest rate of 2.5% per year. The government will cover interest payable in the first year.
100% Guarantee: The scheme provides the lender with a government-backed, full guarantee (100%) against the outstanding facility balance, both capital and interest.
The borrower remains 100% liable for the debt.
No Principal Repayments for first 12 months: Borrowers will not have to begin principal repayments for the first 12 months, thereafter capital will be repaid on a straight line basis.
No Guarantee fee for Businesses or Lenders to Access the Scheme.
Finance Terms: The length of the loan is for six years but early repayments are allowed, without early repayment fees.
No Personal Guarantees: No personal guarantees are allowed, and no recovery action can be taken over a principal private residence or principal private vehicle.
*Please direct any questions about the scheme to the lenders, not the British Business Bank.
Claim a grant through the Self-Employment Income Support Scheme (SEISS). This scheme has been extended from the original first grant closing date of 25th May.
SEISS will support self-employed individuals (including members of partnerships) whose income has been negatively impacted by Covid-19.
This scheme can provide a grant worth 70% of your average monthly trading profits. This will be paid out in a single installment covering 3 months, capped at £6,570 in total.
The grant does not need to be repaid but will be subject to Income Tax and self-employed National Insurance.
Payments will be made to those who apply on time by the 19th October.
The Coronavirus Job Retention Scheme is a temporary scheme open to all UK employers designed to support employers whose operations have been severley affected by Covid-19.
This scheme covers the period from 1st March to 31st October. Employers can use this scheme any time during this period.
The scheme is open to all UK employers that had created and started a PAYE payroll scheme on or before 19th March.
Claim for 80% of your employee’s wages plus any employer National Insurance and pension contributions, if you have put them on furlough or flexible furlough because of Covid-19.
From 1st August, you will be asked to contribute towards the cost of your furloughed employees’ wages. Find out more information on how the Coronavirus Job Retention Scheme is changing.
This is a one-off payment of £1,000 to employers that have used the Coronavirus Job Retention Scheme for each furloughed employee who remains continuously employed until 31st January 2021. This bonus will provide additional support for employers to retain employees.
To be eligible, employees will need to:
Earn at least £520 per month (above the Lower Earnings Limit) on average for November, December and January.
Have been furloughed at any point and legitimately claimed for under the Coronavirus Job Retention Scheme.
Have been continuously employed up until at least 31st January 2021.
Employers will be able to claim the bonus from February 2021 once accurate RTI data to 31st January has been received.
Local authorities have updated their websites with how they can support businesses and deliver the below schemes and grants available.
Contact your Local Authority for details on the Small Business Grants Fund (SBGF). Supporting small and rural businesses in England with their business costs during coronavirus.
Contact your Local Authority for details on the Retail, Hospitality and Leisure Grant Fund (RHLGF). This fund will support businesses in this sector with their business costs during coronavirus.
If your business has a property with a rateable value of £15k or under, you may be eligible for a grant of £10k.
If your business has a property that has a rateable value of over £15k but less than £51k, you may be eligible for a grant of £25k.
The Local Authority Discretionary Grant Fund has been set up to accommodate certain small and micro businesses that are not eligible for other grant schemes.
Small and micro businesses with fixed property costs that are not eligible for the Small Business Grant Fund or the Retail, Hospitality and Leisure Grant Fund may be eligible for the Discretionary Grants Scheme.
If eligible, you can get a grant of £25k, £10k or any amount under £10k.
Local authorities may choose to make payments to other businesses based on local economic need. The allocation of funding will be at the discretion of all local authorities.
To qualify, businesses must be small, under 50 employees, and must be able to demonstrate that they have seen a significant drop of income due to Covid-19 restrictions.
Closing dates for the discretionary grant may vary. Please check details on individual local authority websites.
Click on your local authority below to find out about Business Support, Business Rate Relief Grants and other Discretionary Grants available. If you are unsure which local authority you are in, click here.
The Redeployment Triage Service, administered by Futures who are the National Careers Service provider for the East Midlands, will match those recently made redundant with new work in sectors experiencing a surge in employment demand such as food retail, care, and distribution.
The service also engages with employers needing to make redundancies to ensure a smooth transition for employees into new work.
This information is for all businesses and employers across Derbyshire and Nottinghamshire who are having to make changes to their workforce as a result of the Coronavirus pandemic.
Please follow the advice below to ensure we can support your employees during this time.
If you have already made employees redundant or are about to make up to five employees redundant, please refer those individuals for direct support to Futures, the National Careers Service provider for the East Midlands:
Email: email@example.com or call 0800 9179419
If you are planning to make larger-scale redundancies (five or more) additional support is also available for you as an employer and your employees.
In these circumstances, please use the same contact details above, but ensure your message includes:
Notification of redundancies at scale
Number and job roles affected
Last day of work for affected individuals (if known)
For general guidance and links to further information on redundancy for both employers and employees, you can read the DWP Factsheet on Redundancy
If you are seeking to fill urgent vacancies, short or long term, to meet changes to your business as a result of Covid-19, we can help connect you with individuals who are immediately available.
Please register your vacancies with:
(Senior Employment Support Adviser at Futures)
firstname.lastname@example.org or 0800 0858520
Please have the following information available when registering your vacancies:
Nature of work
Number of vacancies (can be approximate)
Necessary or desirable skills requirement
Location of vacancies
Any current recruitment routes being used
The Coronavirus Business Interruption Loan Scheme (CBILS), 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.
Supporting businesses with a turnover of up to £45m
Delivered through commercial lenders, backed by the Government-owned British Business Bank.
Multiple accredited lenders are able to offer the scheme, including all major banks.
The Scheme supports business loans and overdrafts of up to £5m in value by providing a guarantee to the lender.
The Government will not charge businesses for this guarantee, this scheme will also cover asset finance and invoice finance.
The Coronavirus Large Business Interruption Loan Scheme (CLBILS) provides financial support to larger businesses affected by Covid-19.
Supporting innovative UK businesses with good potential that are essential in ensuring the UK retains its world leading position in science, innovation and technology.
These companies typically rely on equity investment and are currently affected by Covid-19.
Developed by government and delivered by the British Business Bank, the Future Fund will help these companies through the current period of economic disruption and recovery, so they are able to continue their growth trajectory and reach their full economic potential.
The fund operates on a commercial basis to deliver an initial commitment of £250m of new government funding.
Restaurants and other establishments serving food for on-premises consumption can now register for the Eat Out to Help Out Scheme.
You can register if your establishment:
Sells food for immediate consumption on the premises
Provides its own dining area or shares a dining area with another establishment for eat-in meals
Was registered as a food business with the relevant local authority on or before 7th July.
The scheme is available all day, every Monday, Tuesday and Wednesday from 3rd to 31st August 2020.
Posters, images and other promotional materials for use by establishments who are taking part in the Eat Out To Help Out Scheme are available here.
Universal Credit is available to individuals who do not meet the criteria of other available support and grants.
Find out more about Universal Credit and how to apply, here: Understanding Universal Credit
Please also read: How to Claim Universal Credit – Step by Step Guide which has information regarding eligibility, how to make your claim and how much you'll get.
The Building Business Resilience Programme is a support package available to businesses across the East Midlands.
The current focus is very much on offering practical support and guidance around Covid-19.
You can now apply for a free UK-wide industry standard and consumer mark to reassure your customers that your business adheres to Government and public health guidance.
This is a Visit Britain standard for businesses, attractions and destinations.
Reopening Your Business Safely
Employers that want to reopen their business have a legal responsibility to protect their employees and other people on site.
The Health and Safety Executive (HSE) is calling for businesses in Great Britain to make sure they’re Covid-19 secure as more sectors open.
Read more about HSE, here
Protecting customer and visitor details
Mental Health Foundation have provided general support for looking after your mental health during Covid-19.
The NHS has a concise guide to Covid-19, 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 have it.
The Department for Business, Energy and Industrial Strategy has published a list of sector specific Coronavirus support, here
The National Council for Voluntary Organisations (NCVO) have guidance and support information for charities during the Covid-19 lockdown. Find out more from NCVO, here
HMRC has launched a tax helpline to help businesses concerned about paying their tax due to coronavirus. Deferring VAT and Income Tax payments. Read more about this tax helpline, here
Companies House are offering a 3 month extension period for all businesses to file thier accounts during Covid-19. Read more about this extension, here
If your business is able to offer support or if you are interested in finding out ways that your business can help with the Covid-19 crisis, please use the following service, here: Offer Coronavirus Support From Your Business
Some businesses are more ahead than others with safety measures for returning to work, and as such, we want to encourage those businesses that have put measures in place to share them with us and other D2N2 businesses who need more guidance and support in doing so.
We are asking all businesses who have measures in place to create a short video (approx. 3 mins) for us to share with companies in need, as well as promoting your brand and business.
All video submissions will be reviewed and shared within the D2N2 network.
For more details or if you want to submit a short video, please email us:
email@example.com with the subject line 'Share Your Covid-19 Safety Measures video'.
We have now postponed all of our face to face Growth Hub events until January 2021. We are constantly reviewing this on an ongoing basis, and will update accordingly.
We have a range of diverse, live webinars available for you to attend from the comfort of your own home office.
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.