Business Support & Tools
Employment and Skills Incentive Schemes Guide – A handy one-page guide is now available for businesses, weighing up the choices for 16+/18+ employment schemes and the funding available.
Local Covid Alert Levels – Local Alert Levels of Very High, High and Medium are in force for England – Lincolnshire currently falling in the Medium category.
Updated Workplace Guidance has been published.
Hands Face Space – Additional PHE resources supporting Hands Face Space can be found here.
Recovery Advice for Business gives small firms access to FREE advice from experts. Advice offered will include bespoke assistance in accountancy, legal, marketing and more. Read more here.
The government have released a list of countries you may visit from now on without having to self-isolate on return, which may be changing on a regular basis. Click here to read more and view the list.
The Lincolnshire Better Business for All Toolkit has many resources to help businesses become COVID-secure, resume trading safely and protect staff and customers as lockdown is eased. All information you need in one handy guide!
Jobcentre Plus provide support to employers and employees in redundancies. If you are a business owner or employee facing redundancy, click here.
A full range of business support measures have been made available to UK businesses and employees.
The below is a brief overview of financial support that the government have announced in 2020 – please always check your eligibility for these schemes on the government’s website gov.uk.
To find out what support is available to you including loans, tax relief and cash grants, use the government’s business support finder.
Winter Economy Plan
Job Support Scheme – The government will pay two thirds of salaries and cash grants are increased to up to £3,000 per month to businesses affected by local lockdowns. The scheme will open on 1 November 2020 and run for 6 months. Click here to read more.
Pay as You Grow – Repayment windows of Bounce Back Loans have been extended from six years to ten and interest-only periods of up to six months and payment holidays will also be available to businesses.
Loan Schemes extended – Extension of applications for the government’s loan schemes until 30th November – Coronavirus Business Interruption Loan Scheme, the Coronavirus Large Business Interruption Loan Scheme, the Bounce Back Loan Scheme and the Future Fund.
Self-employment Income Support Scheme (SEISS) – An initial taxable grant will be provided to those who are currently eligible for SEISS and are continuing to actively trade but face reduced demand due to coronavirus.
An additional second grant, which may be adjusted to respond to changing circumstances, will be available for self-employed individuals to cover the period from February 2021 to the end of April. Click here to read more about the SEISS grant extension.
More Time to Pay for Self-assessed Income Tax Payers – A 12-month extension from HMRC, meaning payments deferred from July 2020, and those due in January 2021, will now not need to be paid until January 2022.
5% VAT – The rate of VAT applied on most tourism and hospitality-related activities will be cut from 20% to 5% until 31st March 2021. Read more about this here.
VAT Deferral – Businesses who deferred their VAT bills can access a New Payment Scheme, which gives them the option to pay back in smaller instalments (11 smaller interest-free payments during the 2021-22 financial year.)
Announced earlier this year and ongoing
Kickstart Scheme – The Kickstart Scheme provides funding to create new job placements for 16 to 24 year olds on Universal Credit who are at risk of long term unemployment. Click here for more information.
Coronavirus Local Restrictions Support Grant – A grant for businesses that were open as usual, but then required to close for at least 3 weeks due to local lockdown restrictions imposed by government. Lincolnshire has not yet been effected by local lockdown restrictions so businesses will not be eligible for this grant until this changes. Read more here.
A Plan for Jobs 2020 – Delivering his Summer Economic Update in Parliament on 8th July 2020, the Chancellor announced a package of measures to support jobs. Read more about A Plan for Jobs here.
£1000 Job Retention Scheme Bonus – If you are an employer and you bring some back who was furloughed and you continue to employ them to February 2021 the government will pay you this bonus. You can claim claim the bonus from 15 February until 31 March 2021. Click here to read more.
Statutory Sick Pay (SSP) – The Coronavirus Statutory Sick Pay Rebate Scheme will repay employers the Statutory Sick Pay (SSP) paid to current or former employees.
The repayment will cover up to 2 weeks starting from the first qualifying day of sickness. The online service is open for applications.
Annual leave –Workers who have not taken all of their statutory annual leave entitlement due to COVID-19 will now be able to carry it over into the next 2 leave years. Click here for more information.
Coronavirus Loan Schemes
The below loan schemes are open for applications until 30th November 2020. If you have taken out one of these loans, please note you can make use of Pay as You Grow repayments.
Future Fund – UK businesses driving innovation and development will be helped through the coronavirus outbreak with a £1.25 billion government support package. The Future Fund is open for applications until 30th November and can be found here.
Bounce Back Loans – Small businesses can benefit from a finance scheme providing loans with a 100% guarantee for lenders. The Bounce Back Loans scheme provides loans between £2,000 – £50,000, and are open for applications until 30th November. Click here to read more and here to apply.
Coronavirus Business Interruption Loan Scheme (CBILS) – Smaller businesses (SMEs) across the UK that are losing revenue, and seeing their cashflow disrupted, as a result of the COVID-19 outbreak. can receive up to £5 million. Click here for more information and how to apply (open for applications until 30th November).
Coronavirus Large Business Interruption Loan Scheme (CLBILS) –The maximum loan size available under Coronavirus Large Business Interruption Loan Scheme (CLBILS) is £200 million, with applications now open until 30th November. Read more here
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