Support Schemes

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 Stay A Home (Tier 4), Very High (Tier 3), High (Tier 2) and Medium (Tier 1) were introduced for England.

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.

Westfield Health have released free guides to help you with issues such as controlling worry, staying active, back care, sleep and rest, and more. Download here.

Financial Support

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.

To find out what support is available to you including loans, tax relief and cash grants, use the business support finder.

Updated 7th January 2021

 

Working from Home – Claim tax relief for your job expenses – You may be able to claim tax relief for additional household costs if you have to work from home because of COVID. This includes things like heating, metered water bills, home contents insurance, business calls or a new broadband connection. Click here to find out more and apply.

Self-employment Income Support Scheme (SEISS)  – The Self-Employed Income Support Scheme has been extended until April 2021. The government is now providing a third SEISS grant, covering 80 per cent of average trading profits between November and January 2021, capped at £7,500 in total. They will also introduce a fourth grant, to cover February to April, in due course.

£4.6 billion in new lockdown grants for businesses announced – Businesses in the retail, hospitality and leisure sectors are to receive a one-off grant worth up to £9,000 during the lockdown of 5th January until 15th February 2021.

A further £594 million is also being made available for Local Authorities and the Devolved Administrations to support other businesses not eligible for the grants, that might be affected by the restrictions. Businesses should apply to their Local Authorities.

The one-off top-ups will be granted to closed businesses as follows:

– £4,000 for businesses with a rateable value of £15,000 or under

– £6,000 for businesses with a rateable value between £15,000 and £51,000

– £9,000 for businesses with a rateable value of over £51,000

This is on top of the increased funding which has already been guaranteed by the UK Government.

Click here to read more.

Coronavirus Job Retention Scheme Extended –  The government’s CJRS – also known as the Furlough scheme – will remain open until end of April 2021, with employees receiving 80% of their current salary for hours not worked, up to a maximum of £2,500.

Further details can be seen here.

Loan Schemes extended – Extension of applications for the government’s loan schemes until end of April 2021 – Coronavirus Business Interruption Loan Scheme, the Coronavirus Large Business Interruption Loan Scheme, the Bounce Back Loan Scheme and the Future Fund.

£500 Test and Trace Support Payment – Individuals can now apply for a payment of £500 under the Test and Trace Payment Support Scheme provided if they have been notified by contact tracers or the app to self-isolate and that they meet the eligibility criteria. Click here to read more.

Local Restriction Support Grant (LRSG Closed/Sector) and Additional Restrictions Grant (ARG) Schemes. –Businesses forced to close can claim grants of up to £3,000 per month. Any business in England forced to close due to national or local restrictions can claim grants, via their local authority, of up to £3,000 per month, per business premises, depending on rateable value.

Businesses that remain open, but are impacted by local restrictions, can also claim grants worth up to £2,100 a month.

Winter Economy Plan

POSTPONED UNTIL END OF FURLOUGH – Job Support Scheme – The government will pay up to 61.67% of wages of salaries up to £1541.75 per month.

The British Chambers of Commerce, in partnership with Quest, have created and released FAQs around JSS, which should answer many questions that businesses and their staff may have.

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.

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 in 2020 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 and to apply.

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.

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.

Coronavirus Loan Schemes

The below loan schemes are open for applications until 31st January 2021. 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 31st January 2021 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 31st January 2021. 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 31st January 2021).

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 31st January 2021. Read more here