COVID-19 financial support for businesses

The Government has set out a package of targeted measures to support businesses through this period of disruption caused by COVID-19. We are working with partners to support local businesses and to ensure that we come through the Coronavirus pandemic, we have a dedicated business support team to help.  

There are many schemes available to provide support, if you are unsure what COVID-19 support you are eligable for you can use the business support finder on the GOV.UK website.

Access the COVID-19 business support finder

Local Restrictions Support Grant (LRSG)

Government has announced a new grants for businesses who are impacted by the Local Restrictions put in place in response to the Pandemic. This includes the National Lockdown period and the Tiers in place before and after this. 

Businesses instructed to close that are registered for business rates, will receive grants worth up to £3000 per month, dependant on the rateable value of their premises. 

Leisure, Hospitality and Hotel / Bed and breakfast accommodation businesses that can remain open under the tier system but who are severely impacted as a result of the restrictions in place can also claim a grant worth up to £2100 per month, dependant on the rateable value of their premises.

You can find out more about the grant and make a claim using the link below. 

Find out more about the Local Restrictions Support Grant 

Additional Restrictions Grant

Local Authorities are also being given funding, additional to the business rates grants above, to implement an Additional Restrictions Grant (ARG). These are discretionary grants that can be paid to businesses forced to close which do not have a business rates account and are therefore ineligible for the LRSG or those businesses that are not required to close but have been severely impacted.

You can find out more about the grant and make an application using the link below.

Find out more about the Additional Restrictions Grant

Wet-led pub grants

On 1 December Government announced additional support over the Christmas period for wet-led pubs in areas under Tier 2 and Tier 3 restrictions. This is in the form of a one-off grant of £1,000.

The City Council subsequently committed to make grant payments of £3,000 to support all pubs, restaurants and cafes closed under Tier 3 restrictions.  The £1,000 grant is included within this payment.

Businesses which have already made a claim under the Local Restrictions Support Grant, do not need to reapply.
The £3,000 grant is in addition to support under the Local Restrictions Support Grant. 

Job Retention Scheme  

On the 5 November the Chancellor announced that the Coronavirus Job Retention Scheme was being extended until the 31 March 2021.  Find out if your business is eligible and how much you can claim to cover wages for employees on temporary leave or furlough due to COVID-19 using the link below.

Find out more about the Job Retention Scheme

Self-Employment Income Support Scheme 

This scheme provides grants for those experiencing reduced demand due to COVID-19 but are continuing to trade, or temporarily cannot trade.  Find out more using the link below.

Find out more about the Self-employment Income Support Scheme

Business Bounce Back Loan

The Bounce Back Loan Scheme (BBLS) enables smaller businesses to access finance more quickly during the coronavirus outbreak. You can find out more by visiting the GOV.UK website.

Find out more about the Business Bounce Back Loan

Coronavirus Business Interruption Loan Schemes (CBILS and CLBILS)

These schemes support  businesses with access to loans, overdrafts, invoice finance and asset finance of up to £5 million and for up to six years. Use the links below to find out more.

Find out more about CBILS

Find out more about CLBILS (large businesses)

Statutory sick pay

You can get £95.85 per week Statutory Sick Pay (SSP) if you’re too ill to work. It’s paid by your employer for up to 28 weeks. You can find out more using the link below.

Find out more about statutory sick pay

Support for exporters

Help is available from UK Export Finance (UKEF) for businesses facing disruption due to coronavirus (COVID-19) through an existing range of tried and tested products.

Find out more about financial support

Growmysme programme

A range of EU funded local support including small match  funded/consultancy grants. Find out more using the link below.

Find out about Growmysme

Deferral of VAT payment

On 24 September 2020, the Chancellor announced that businesses who deferred VAT due from 20 March to 30 June 2020 will now have the option to pay in smaller payments over a longer period. You can find out more using the link below.

Find out about deferral of VAT payments

Defer your self-assessment payment

Check what you need to do after 31 July 2020 if you chose to defer your second payment on account for the 2019 to 2020 tax year by using the link below.

Find out about deferring you self-assessment payment

Business rates relief

You can check if your retail, hospitality or leisure business or your nursery is eligible for business rates relief due to COVID-19 by using the links below.

Find out more about retail, hospitality or leisure business rates relief

Find out more about business rates relief for nurseries

If you need further advice or support you can contact a business advisor by -

National Lockdown Payment Top Up

Following the announcement of the latest lockdown period from 05 January 2021, the Government announced a further Lockdown Payment Top Up for businesses required to close by the lockdown restrictions.

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

Any business which is legally required to close, and which cannot operate effectively remotely, is eligible for a grant.

Businesses who have already applied for and are eligible for a Local Restrictions grant for the previous lockdown period in November 2020 or under the subsequent Tier 3 restrictions will not have to reapply as the Council will automatically consider their eligibility from their existing application.

The Council is still awaiting final guidance and funding for the administration of this grant. Once this is available we will automatically assess existing applications and make the appropriate payments to eligible businesses as soon as possible.

Business who have not yet applied for any Local Restrictions Grants should apply using the Local Restrictions Support Grant application form on the Council’s website.

We fully recognise the importance of getting support to Covid-19 affected businesses as quickly as possible and as such, we are prioritising this scheme.  We expect to receive a high volume of applications and request that you refrain from contacting us unless absolutely necessary. We appreciate your understanding.