Financial Support Covid-19
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 includes a package of measures to support businesses which are highlighted below. Where possible, links to further information and updates on expected timescales have been provided.
1. Business rates support and grants
a. Small business grant funding
b. Grant funding for retail, hospitality and leisure businesses
c. Discretionary grant fund
d. Other business rates support
2. Other support announced by Government
3. Coronavirus Job Retention Scheme
4. Public Health Advice
5. Workplace Safety Advice
6. Sources of further information
A summary of the support available is shown below.
- Small business grant funding
Under the Small Business Grant Fund (SBGF) all businesses in receipt of Small Business Rates Relief (SBRR) in the business rates system will be eligible for a payment of £10,000.
In order to pay the grant Bolton Council is required to collect certain information from each business, please complete this form - https://selfserve.bolton.gov.uk/CitizenPortal/Form.aspx?form=NDR_Covid19_Small_Business. Businesses will be notified once the grant has been processed. If you do not have a business rates account for your premises you will need to set one up and apply for Small Business Rates Relief in order for your eligibility to be checked. To set up a business rates account, please email firstname.lastname@example.org.
- Grant funding for retail, hospitality and leisure businesses
Grant funding of £25,000 for retail, hospitality and leisure businesses with property with a rateable value above £15,000 and below £51,000. In order to pay the grant Bolton Council is required to collect certain information from each business please provide this information on online and complete this form - https://selfserve.bolton.gov.uk/CitizenPortal/Form.aspx?form=NDR_Covid19_Retail.
Businesses will be notified once the grant has been processed. If you do not have a business rates account for your premises you will need to set one up and so that your eligibility for the grant can be checked. To set up a business rates account, please email email@example.com.
- Discretionary Grant Fund
The Discretionary Grant Fund is aimed at small and micro businesses who were not eligible for the Small Business Grant Fund or the Retail, Leisure and Hospitality Fund.
The grants are primarily and predominantly aimed at;
- Small and micro businesses, as defined in Section 33 Part 2 of the Small Business, Enterprise and Employment Act 2015 and the Companies Act 2006
- Businesses with relatively high ongoing fixed property-related costs
- Businesses which can demonstrate that they have suffered a significant fall in income due to the COVID-19 crisis
- Businesses which occupy property, or part of a property, with a rateable value or annual rent or annual mortgage payments below £51,000.
The Discretionary Grant scheme has now closed. Further details on any future funding will be published here. If you need business support or advice, please email firstname.lastname@example.org.
- Other Business Rates support
A 12-month 100% business rates relief for all retail, hospitality and leisure businesses in England. Bolton Council has applied the business rates relief for eligible businesses for the 2020/21 financial year. If you believe you are entitled to this relief and have not been granted it please email email@example.com
100% business rates relief in 2020/21 for providers on Ofsted's Early Years Register where the premises are used wholly or mainly for the provision of the Early Years Foundation Stage i.e. nurseries. Bolton Council has applied the business rates relief for eligible businesses for the 2020/21 financial year. If you believe you are entitled to this relief and have not been granted it please email firstname.lastname@example.org.
- For businesses liable for business rates that can’t access the grants announced Bolton Council will allow, upon request, a delay in the first instalment due date to 1 July 2020, spreading the remaining instalments over the rest of the year. Businesses can contact us again in June 2020 if the 1 July payment will be an issue. To request this, please contact email@example.com.
The Government has announced a new coronavirus business support finder tool, which will help businesses and self-employed people to quickly and easily determine what
financial support is available to them. https://www.gov.uk/business-coronavirus-support-finder
The government has also announced a wide range of other support for businesses affected by Covid-19. Please click on the links below for more information and details on how to apply.
A Statutory Sick Pay relief package for SMEs.
The Coronavirus Business Interruption Loan Scheme offering loans of up to £5 million for SMEs and medium sized businesses through the British Business Bank.
The Government has launched the Future Fund. UK-based companies can now apply for a convertible loan of between £125,000 and £5 million, to support continued growth and innovation in sectors as diverse as technology, life sciences and the creative industries.
The Chancellor has announced a new loan scheme - the Coronavirus Bounce Back Loan - to help small and medium-sized businesses affected by coronavirus.
Businesses can borrow between £2,000 and £50,000.
The government will guarantee 100% of the loan and there won’t be any fees or interest to pay for the first 12 months.
Loan terms will be up to 6 years.
The government will work with lenders to agree a low rate of interest for the remaining period of the loan.
The scheme will be delivered through a network of accredited lenders.
The scheme is live and cash will be released within days for eligible businesses. https://bit.ly/BounceBackGuidance
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
Businesses and self-employed people in financial distress may be eligible to receive support with their tax affairs through the HMRC Time To Pay Scheme.
Support for businesses through deferring VAT and Income Tax payments.
Essential commercial tenants are protected from eviction by landlords if they miss a payment in the next 3 months.
Support for self-employed through the Self-employment Income Support Scheme.
The Government are introducing new measures to protect the UK high street for business renters and landlords.
In addition to the Future Fund, Ministers have allocated £40 million through the Fast Start Competition to drive forward new technological advances, and to support innovative start-ups, including a virtual-reality surgical training simulator and an online farmers’ market platform. This will give companies a vital boost, fast-tracking the development of innovations borne out of the coronavirus crisis.
The Department for Work and Pensions (DWP) has launched a new campaign around Universal Credit and COVID-19.
A new website has been launched to provide clear, factual information on employment and benefits support with advice on housing, furlough, sick pay and self-employment, alongside advice and FAQs for employers, those already claiming and those making a new claim.
The High Streets Task Force has announced new training, expert advice and online resources for high streets in England. The High Streets Task Force will provide access to cutting-edge tools, training, information and advice for high streets across England as part of the government’s efforts to get shops back in business safely from 15 June.
This support is open to local councils and all organisations involved with high streets and will include free access to online training programmes, webinars, data and intelligence on topics including recovery planning and coordination, public space and place marketing. Please find further details here: https://bit.ly/NewSupportHighStreets
All UK employers with a PAYE scheme will be able to access support to continue paying part of their employees’ salary for those that would otherwise have been laid off during this crisis.
Guidance for Employers
Employers will be able to use a portal to claim for 80% of furloughed employees’ (employees on a leave of absence) 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.
Guidance for Employees
The guidance published today will support workers understand whether they are eligible for the scheme, and how much the employer can claim if they are unable to operate or if there is no work due to coronavirus (COVID 19).
The Chancellor also outlined further details on the extension of the Coronavirus Job Retention Scheme, including improved flexibility to bring furloughed employees back part time in July, and a new taper requiring employers to contribute modestly to furloughed salaries from August. Full details of the announcement and a factsheet can be found at https://bit.ly/CJRS_SEISSUpdate.
Businesses and employers can help reduce the spread of coronavirus (COVID-19) by reminding everyone of the public health advice.
Employers who have people in their offices or onsite should ensure that employees are able where possible to maintain a 2 metre distance from others.
Employees and customers should be reminded to wash their hands for 20 seconds more frequently than normal. Wash hands with soap and water (or using hand sanitiser gel if soap and water is not available).
Frequently clean and disinfect objects and surfaces that are touched regularly, using your standard cleaning products.
The government have published a new guide to help people understand how to travel safely when they need to during the coronavirus outbreak in England.
It gives advice for walking, cycling, using private vehicles (for example cars and vans), and travelling on public transport.
The government has issued new guidance to help businesses in the UK to get back up and running and workplaces operating as safely as possible. This follows the Prime Minster setting out steps to beat the virus and restart the economy, aimed to protect jobs, restore people’s livelihoods and fund the country’s vital public services.
There is sector specific guidance available for;
- Close contact services inc Hairdressers
- Construction and other outdoor work
- Factories, plants and warehouses
- Heritage Locations
- Hotels and other guest accommodation
- Labs and research facilities
- Offices and contact centres
- Other people's homes
- Restaurants , pubs bars and takeaways.
- Shops and branches
- The visitor economy
The Prime Minister set out a timeline for retail to reopen from 1st June and further guidance has been published for how to operate safely to protect staff and customers. Full details of the announcement can be found here: https://bit.ly/RetailTimeline.
The Government has also published an updated list of which businesses can and can’t open under the updated Health Protection (Coronavirus Restrictions) Regulations 2020.
A free guide and risk assessment template that is available to download has been developed by The Centre for Assessment (part of The Growth Company) Risk-Assessment Guide from CfA.
For further information on the guidelines including Posters, leaflets and other materials please visit https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19
Bolton Council understand that businesses may look to adapt their normal operating model to allow compliance with the current measures the government have put in place. If you are looking to operate a take away/drive through service that may have an impact on the highway please contact our highways team email firstname.lastname@example.org for guidance.
The following links may also be helpful reference tools for your business:
Latest government guidance for businesses on COVID-19, including advice for individual sectors
Coronavirus at your business 10 steps to take now - Business Growth Hub have prepared the attached guidance for businesses - www.businessgrowthhub.com/coronavirus
Consortium of local Business Recovery Specialists - Bolton based Business Recovery and Insolvency Practice, Ideal Corporate Solutions, have formed a consortium of local Recovery Specialists to provide regulated advice to businesses experiencing financial difficulties due to the Covid19 Pandemic. Initial consultation will be free and offered to all business types.
Association of British Insurers has a useful Q&A website - www.abi.org.uk/products-and-issues/topics-and-issues/coronavirus-qa/
For advice for employers and employees: Visit www.acas.org.uk/coronavirus
A central Government hub for businesses who wish to offer support, for example by providing medical equipment, protective equipment for health workers etc. Visit https://www.gov.uk/coronavirus-support-from-business
HMRC webinars for businesses - programme of webinars on measures to support to employers, employees and the self-employed through this period of disruption. You can watch a video of the first recorded webinar and register for future webinars. Visit bit.ly/HMRCWebinar.
Arts Council England (ACE) have launched their Emergency Funding Package for individuals and organisations working in the creative sector. This fund is to support creative practitioners and organisations to get back on their feet, or to continue making work in the future that will mean they can contribute to delivering ACE new strategy, Let’s Create. More resources/information can be found re covid-19 on the website.
Fast turnaround CPDL bursaries from Curious Minds, for cultural education freelancers and small or community-based arts organisations whose main work is with schools or children and young people https://curiousminds.org.uk/bridging-the-gap-launch/.
HR Support for your business during Covid-19. Peninsula have set up a business toolkit to support businesses with HR questions and information during this difficult time. Information includes, fact sheets, editable policy and letters, health and safety information and online videos to get your HR questions answered. Access the toolkit here - https://www.peninsulagrouplimited.com/covid-19-toolkit/.
Free access to GM Business in the Community
During these unprecedented times throughout Cov-19 the GM Chamber of Commerce are here to support our businesses. They are currently offering free access to their Business in the Community network including regular Cov-19 business updates, digital events, online training and more. To find out more about this service click here; https://bit.ly/2XX4RaQ
The information that the Council is providing is to the best of our knowledge correct. Please ensure you visit www.gov.uk for further information.
Please monitor this page for updates and be assured that the Council is committed to implementing these measures as a matter of urgency.
Please keep Business Bolton abreast on how Covid-19 is impacting on your business, the earlier we are engaged on any issues, the more likely we will be able to help.
The Council’s response to Covid 19 may mean that there is limited availability of staff to respond to phone enquiries. To contact us, please email email@example.com, or