Coronavirus support for businesses

The government has outlined financial relief for businesses to support you during the outbreak of Coronavirus (COVID-19). From this page you can find out how to access the support, find out more about the grants and loans that may be available for your business and read the latest business related advice. You can also use this online business support finder to see what support is available for you and your business.

Please visit our dedicated webpage for guidance on running your business safely and your responsibilities as an employer or employee.

Details on eligibility for each scheme can be found below which may differ depending on your businesses circumstances. 

NWLDC Administered Grants

We are currently inviting applications from businesses affected by the national lockdown from 5 November 2020 to 1 December 2020, the subsequent very high alert (tier 3) restrictions, the stay at home restrictions (tier 4) between 31 December 2020 and 4 January 2021 and the current national lockdown from 5 January 2021:

 There are several different grants available, so we have broken down the schemes into the following categories:

Please follow the links above for further information on the grants available and how to apply. Grants are worth up to £3,000 and businesses can apply for support in both the national lockdown period and the Tier 3 restrictions if they meet the eligibility requirements.

Bounce Back Loan Scheme (BBLS)

The Bounce Back Loan Scheme allows small business owners to apply to accredited lenders by filling out a simple online form, with only seven questions. Businesses can borrow between £2,000 and £50,000 with the cash being made available within days. The Government guarantees 100% of the loan and there won’t be any fees or interest to pay for the first 12 months. Loan terms are up to six years.

The scheme is being delivered through a network of accredited lenders. The Government has also agreed with lenders that a flat rate of 2.5% interest will be charged on these loans. For more information and to apply, please check your eligibility and apply online. 

Statutory Sick Pay Rebate Scheme

The recently announced Coronavirus Statutory Sick Pay Rebate Scheme will go live from Tuesday 26 May, when a new online service will be launched for small and medium-sized employers - with fewer than 250 employees - to recover Statutory Sick Pay (SSP) payments they have made to their employees.

Employers will receive repayments at the relevant rate of SSP that they have paid to current or former employees for eligible periods of sickness starting on or after 13 March 2020.

Full guidance can be found here.

Coronavirus Job Retention Scheme

How can I access financial support for employees’ wages?

The government has announced that the Coronavirus Job Retention Scheme (CJRS), which provides support for employees’ wages, will be extended until 31 March 2021. The scheme will provide grants to employers to pay 80% of wages for employees not working, up to £2,500 a month. Employers will need to cover National Insurance and employer pension contributions but will not be required to contribute towards salary costs as previously required. Employers may top up salaries to 100% if they wish.

You can check if you can claim and make a claim online.

In the unfortunate position of having to make staff redundant?

If you are looking to make staff redundant or recently have had to let staff go please follow the latest Government advice:

https://www.gov.uk/staff-redundant

https://jobhelp.campaign.gov.uk/advice-for-jobseekers/

https://bizgateway.org.uk/wp-content/uploads/2020/04/C19-Redundancy-and-Recruitment-Services-for-employers.pdf

If you have to make redundancies, Jobcentre Plus can give you and your employees support and advice through its Rapid Response Service.

Support could include:

  • helping people facing redundancy to write CVs and find jobs
  • providing general information about benefits
  • helping people to find the right training and learn new skills
  • helping with costs like travel to work expenses

Jobcentre Plus may also provide on-site support for large scale redundancies.

Acas has an online redundancy helpline.

How to get help

To find out how your business can use the Rapid Response Service, email rrs.enquiries@dwp.gov.uk and include:

  • your contact details
  • the town(s) your business is based in (including postcodes)
  • the location(s) of the redundancies

Coronavirus Large Business Interruption Loan Scheme

The Government has extended the maximum loan size available through the Coronavirus Large Business Interruption Loan Scheme from £50 million to £200 million.

Loans under the expanded scheme will be made available to large businesses affected by coronavirus from the week commencing 25 May 2020.

Changes also mean companies receiving help through CLBILS and the Bank of England’s Coronavirus Corporate Financing Fund will be asked to agree to not pay dividends and to exercise restraint on senior pay.

HMRC COVID-19 tax helpline (GOV.UK)

If you run a business or are self-employed and are concerned about paying your tax due to coronavirus, you can call HMRC’s helpline for help and advice: 0800 0159 559.

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Last updated: Fri 15 January, 2021 @ 14:05