Support for businesses

Support for businesses

Information on the support available for businesses affected by Coronavirus.

Find out more about


Re-opening of Businesses

More information and guidance about the re-opening of businesses  "COVID-securely" is available on our Open for Business page. 

Please be aware that a number of businesses and venues to include non-essential retail, close contact and personal services, will be permitted to re-open from 2nd December 2020, as Broxtowe enters Tier 3 restrictions. Once these venues have re-opened once again, COVID-Secure guidelines will apply under law. 


Additional Business Support Grants

The Government has announced a second wave of business support, which will be administered by local Councils, to provide cash grants for businesses that have been affected when entering Tier 2, Tier 3 and National Lockdown restrictions. 

There are five grants available, click the headings below to read an overview of each grant scheme:

How to apply

To apply for any of the additional business support grants, please use the same application form here - Additional Business Support Grants Application Form (Opens in a new window)

All five grant schemes are now live. Applications will close at 5.00 pm on Friday 18th December 2020.  Please do not apply after this date as your application may not be processed.

 

How much will my business receive in grant payments?

This will vary on the type of business applying for grant support, period/s of closure and how that business has been affected. In many cases, a business may be eligible to receive grant support through more than one of the schemes.

View our guide to see how much an eligible business could receive through each grant scheme - Business Support Grants Payments Table (.pdf) (84.5kb) (Opens in a new window) 

 

How are the payment amounts calculated?

Depending on the grant scheme, payments are calculated and eligibility is assessed using either guidance provided by government, OR in-line with the Council's Covid Business Grants Support Policy. Our policy applies to the Local Restrictions Support Grant (Open) and Additional Restrictions Grant, which are the only elements of discretion for the Council

 

Once you have applied

Once an application has been assessed for eligibility and the amounts under the different schemes have been approved, the Council will endeavor to pay money into the nominated business bank account in 5 working days, but this can take up to 14 days.

Where a business is eligible for more than one of the grant schemes, a breakdown with the amounts paid under each scheme will be provided on a single remittance notice.  Read our statement on this here - Statement on changes to grant payment remittance notices (Opens in a new window)


Overview of Business Support Grants


Local Restrictions Support Grant (Open)

The Local Restrictions Support Grant is a scheme designed to support businesses that were affected when entering Tier 2 local restrictions in Nottinghamshire on 14th October 2020. 

This is a discretionary scheme and the level of funding provided to councils to administer this is based on the number of hospitality, leisure and hotels within the area. Grant applications to this scheme and payment amounts will be determined in-line with the Council's Covid Business Grants Support Policy.

Awards will be for each 28-day period that the area remains in Tier 2 or in Tier 3 (or awarded on a pro-rata basis if the period is less than 28 days). Please note, that this scheme is suspended from 5th November 2020 when England entered national COVID-19 restrictions. 

  • For hospitality, leisure and hotel businesses and have a business premises, Business Rates account and a rateable value.
  • Awards will be based on the business premise rateable value.
  • Businesses are able to claim grants for each qualifying business premises.
  • Grants of up to £934 per 28-day period for businesses occupying hereditaments with a rateable value of exactly £15,000 or under on the date of the commencement of the local restrictions.
  • Grants of up to £1,400 per 28-day period for businesses occupying hereditaments with a rateable value over £15,000 and less than £51,000 on the date of the commencement of the local restrictions.
  • Grants of up to £2,100 per 28-day period for businesses occupying hereditaments with a rateable value of exactly £51,000 or above on the date of the commencement of the local restrictions. 

Local Restrictions Support Grant (Closed)

The Local Restrictions Grant (Closed) scheme is to support businesses that that have been legally required to close as a result of Nottinghamshire entering Tier 3 on 30th October 2020.

This scheme will be administered in line with Government requirements.

  • For businesses that have a Business Rates account and were legally required to close on 30th October 2020.
  • Businesses occupying hereditaments appearing on the local rating list with a rateable value of exactly £15,000 or under on the date of the commencement of the local restrictions will receive a payment of £667 per 14-day qualifying restriction period.
  • Businesses occupying hereditaments appearing on the local rating list with a rateable value over £15,000 and less than £51,000 on the date of the commencement of the local restrictions will receive a payment of £1,000 per 14-day qualifying restriction period.
  • Businesses occupying hereditaments appearing on the local rating list with a rateable value of exactly £51,000 or above on the commencement date of the local restrictions, will receive £1,500 per 14-day qualifying restriction period.

 

Local Restrictions Support Grants (Closed) Addendum

The Local Restrictions Grant (Closed) scheme is to support businesses that that have been legally required to close as a result of National Restrictions commencing on 5th November 2020. 

This scheme will be administered in line with Government requirements.

  • For businesses that have a Business Rates account and were legally required to close on 5th November 2020.
  • Businesses occupying hereditaments appearing on the local rating list with a rateable value of exactly £15,000 or under on the date of the commencement of the local restrictions will receive a payment of £1334 per 28-day qualifying restriction period.
  • Businesses occupying hereditaments appearing on the local rating list with a rateable value over £15,000 and less than £51,000 on the date of the commencement of the local restrictions will receive a payment of £2,000 per 28-day qualifying restriction period.
  • Businesses occupying hereditaments appearing on the local rating list with a rateable value of exactly £51,000 or above on the commencement date of the local restrictions, will receive £3,000 per 28-day qualifying restriction period.

 

Local Restrictions Support Grant (Sector)

The Local Restrictions Grant (Sector) scheme is to support businesses that that have been legally required to close on 23rd March 2020 and have been required to remain closed.  

This scheme will be administered in line with Government requirements.

  • For nightclubs, dance halls, discotheques, sexual entertainment venues and hostess bars which have a business rates account and were legally required to close on 23rd March 2020 and have been required to remain closed.
  • Businesses occupying hereditaments appearing on the local rating list with a rateable value of exactly £15,000 or under on the date of the commencement of the local restrictions will receive a payment of £667 per 14-day qualifying restriction period.
  • Businesses occupying hereditaments appearing on the local rating list with a rateable value over £15,000 and less than £51,000 on the date of the commencement of the local restrictions will receive a payment of £1,000 per 14-day qualifying restriction period.
  • Businesses occupying hereditaments appearing on the local rating list with a rateable value of exactly £51,000 or above on the commencement date of the local restrictions, will receive £1,500 per 14-day qualifying restriction period.

 

Additional Restrictions Grant

Local Authorities will receive a one-off lump sum payment from the Government, amounting to £20 per head in each eligible Local Authority when Tier 3 or widespread national restrictions are imposed.

Local authorities can use this funding for business support activities. The Council has agreed to use this funding primarily for discretionary grants, but may also use this funding for wider business support activities. Nottinghamshire Councils have worked together to create a consistent scheme across the County. 

The scheme will:

  • Support those in the non-essential retail, hospitality, leisure and accommodation sectors.
  • Support those that directly supply the retail, hospitality, leisure and accommodation sectors.

Grant applications to this scheme and payment amounts will be determined in line with the Council's Covid Business Grants Support Policy. Read the  policy here -The Broxtowe Borough (BBC) Covid Business Grants Support Policy, Guidance Notes and Checklist (.pdf) (199KB) (Opens in a new window).


Other support schemes

Government Support Schemes website

A business support scheme section has been created on the  government's website,  to outline all of the support available to businesses to help through the Coronavirus (COVID-19) pandemic.

View the Business Support Government website (Opens in a new window).

  

Coronavirus Job Retention Scheme (Furlough) - Extended until March 2021

An announcement from the Chancellor on 5th November provides more details on the decision to extend the furlough scheme until March 2021.

Read the government's latest announcement in full, on the further extension to the Coronavirus Job Retention Scheme (Furlough) here - Furlough scheme extension press release (Opens in a new window)

Check if you can claim for employee wages via the extended scheme, use the payment claim calculator and access the PAYE portal via -  Coronavirus Job Retention Scheme (Furlough) main page (Opens in a New Window).

Please Note: employers will only be able to claim for employees who have previously been furloughed for at least 3 consecutive weeks, taking place any time between 1st March 2020 and 30th June 2020. The employer must have also submitted a claim for this by 31st July 2020.

 

Grants for self-employed people (SEISS)

Following the extension the the Furlough scheme, there will also be additional support for those who are self-employed through the Self-Employed Income Support Scheme (SEISS).

Self-employed workers will now be able to claim up to 80% of their average trading profits, for the three month period between November and January '21. Any agreed grant payment covering this three month period will be capped at £7,500, will be paid in a single installment, is taxable and also subject to NI contributions.

Please Note: to be eligible for further support through the SEISS, you must have been previously eligible for the SEISS first and second phase grants earlier in the year (although you do not have to have claimed the previous grants). Please do not apply if you were found ineligible or refused a grant  through the SEISS previously.

There are plans to pay a final support grant, covering the period 1st February to 30th April 2021. The government will review the level of the final grant amount and set out further details in due course.

Information about the government's Self Employment Income Support Scheme Extension (Opens in a new window).

 

Protection from eviction for commercial tenants

Read the Government's guidance on rent for commercial tenants (Opens in a new window).

 

Coronavirus Bounce Back Loan Scheme (BBLS)

The Bounce Back Loan Scheme (BBLS) is designed to help small and medium-sized businesses to borrow between £2,000 and up to 25% of their turnover. The maximum loan available is £50,000. The government guarantees 100% of the loan and there won’t be any fees or interest to pay for the first 12 months. After 12 months the interest rate will be 2.5% a year.

The scheme is open for applications until 31st January 2021.

Businesses that may already have a Bounce Back Loan, but borrowed less than the full amount they were entitled to, can now top up their existing loan to the maximum amount. Any requests to top up an existing loan, must also occur before the 31st January 2021 deadline.

Businesses are reminded that unlike the Grant Support Schemes, loans such as those available through the BBLS and other schemes, are repayable under the terms agreed between the applicant businesses and authorised lender.

Find out more information on the BBLS and apply for the scheme via the government's website - Coronavirus Bounce Back Loan Scheme Main Page (Opens in a new window)

 

Coronavirus Business Interruption Loan Scheme (CBILS)

The loan scheme is designed to help small and medium-sized businesses to access loans and other kinds of finance up to £5 million. The government guarantees 80% of the finance to the lender and pays interest and any fees for the first 12 months. Businesses applying for a support loan need to demonstrate, that they would be viable were it not for the pandemic and that they have been adversely impacted by the coronavirus.

The scheme is open for applications until 31st January 2021.

Businesses are reminded that unlike the Grant Support Schemes, loans such as those available through the CBILS and other schemes, are repayable under the terms agreed between the applicant businesses and authorised lender.

Find out more information on the CBILS and apply for the scheme via the government's website - Coronavirus Business Interruption Loan Scheme Main Page (Opens in a new window)

Coronavirus Large Business Interruption Loan Scheme (CLBILS) 

Similar the the CBILS, there is an additional loan scheme designed to support medium and large sized businesses to access loans and other kinds of finance up to £200 million. The government guarantees 80% of the finance to the lender. Larger businesses applying for a support loan need to demonstrate; that they would be viable were it not for the pandemic, that they have been adversely impacted by the coronavirus and that any loan agreed will enable that businesses to trade out of any short-term to medium-term difficulty resulting from coronavirus.

The scheme is open for applications until 31st January 2021.

Businesses are reminded that unlike the Grant Support Schemes, loans such as those available through the CLBILS and other schemes, are repayable under the terms agreed between the applicant businesses and authorised lender.

Find out more information on the CLBILS and apply for the scheme via the government's website - Coronavirus LARGE Business Interruption Loan Scheme Main Page (Opens in a new window)


Guidance and advice

D2N2 Business Support

D2N2 have created a dedicated support page where businesses can find further information about the support available.

Find out more on the D2N2 website (Opens in a new window).

Futures for Business

Is your business looking for support through the pandemic? Futures work with businesses in Nottinghamshire looking to manage, motivate and support their workforce.

Some of the support that Futures can offer to help support businesses includes:

  • Recruitment support 
  • Candidate pool
  • Redundancy support
  • Apprenticeship delivery
  • Training provision 
  • Sub-contractors and employment agencies

Visit the Futures for Business website (Opens in a new window), call 0345 850 8899 or email hello@futuresforbusiness.com

HMOs

As we move into the recovery stages of COVID-19, the Government guidance has been updated and we want landlords and tenants to have the latest updates and answer a few questions that they may have. You can find all the latest guidance at www.broxtowe.gov.uk/hml

Advice in other formats

Doctors of the World are providing regular updates of translated guidance based on the NHS and the UK government’s advice and health information. The information is translated with the support of British Red Cross, Migrant Help, Clear Voice, and the Eastern European Resource Centre and is aimed at the migrant and asylum-seeking communities in the UK.


Staying up to date

The easiest way to stay up to date with the Council's updates is:

Further information


Contact
Economic Development
tel: 0115 917 3826