COVID-19 Business Support Measures and Resources

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As COVID-19 continues to make its impact known across the world, the team at Enterprise Growth Solutions hope you and your families are safe and well. We understand that there have been many changes for you and the businesses you are working with so we are aiming to bring you the latest updates and information during these challenging times.

Our dedicated team can be reached via phone, video call or email, as all of our services will now be delivered through digital means to ensure the safety of everyone.

HM Government has established a Coronavirus Business Support site to help UK businesses access up-to-date information during these challenging times. On this page you will find information about the full range of business support measures that are now in places for UK businesses and employees, as well as how to access the support, who is eligible, when the schemes open and how to apply.

The site is broken down into several sections of advice, including:

Business Rates Holiday for Nurseries
Nurseries in England do not have to pay business rates for the 2020-21 tax year.

Business Rates Holiday for Retail, Hospitality and Leisure
Businesses in the retail, hospitality and leisure sectors in England will not have to pay business rates for the 2020-21 tax year.

Cash Grant for Retail, Hospitality and Leisure
If your business is in the retail, hospitality or leisure sector, you will receive a cash grant of up to £25,000 per property.

Coronavirus Business Interruption Loan Scheme
This scheme will help businesses affected by coronavirus to access finance of up to £5 million.

Coronavirus Job Retention Scheme
Under the coronavirus Job Retention Scheme, 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

Covid-19 Corporate Financing Facility
The new Covid-19 Corporate Financing Facility (CCFF) means that the Bank of England will buy short-term debt from larger companies. have been laid off during this crisis.

Deferral of Self-Assessment payment
The Self- Assessment payment on account, that is ordinarily due to be paid to HMRC by 31 July 2020 may now be deferred until January 2021.

Self-employment Income Support Scheme
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.

Small Business Grant Funding
The Government is providing additional funding for Local Authorities to support small businesses that already pay little or no business rates because of small business rate relief (SBRR), rural rate relief (RRR) and tapered relief.

Statutory Sick Pay Rebate
The Government will bring forward legislation to allow small and medium-sized businesses to reclaim Statutory Sick Pay (SSP) paid for staff sickness absence due to coronavirus.

Support for Businesses Paying Tax
All businesses and self-employed people in financial distress, and with outstanding tax liabilities, may be eligible to receive support with their tax affairs through HMRC’s Time To Pay service.

VAT Deferral
We will support businesses by deferring Valued Added Tax (VAT) payments for three months.

 

This site will be updated as more measures are announced and implemented. In some cases, full detail may not be immediately available, but it will be updated as soon as possible.

For further information, please visit the FAQs page, or alternatively call the Business Support helpline Monday to Friday from 9:00 to 18:00 on +44 (0) 300 456 3565.