Support For Businesses

Support For Businesses

Information on the support available for businesses affected by Coronavirus (COVID-19).

Find out more about

 


Re-opening of Businesses at STEP 4

More information and guidance about the operation of businesses safely during the pandemic is available on our Open for Business page. 

 


COVID-19 Business Support Grants

As of 1st July 2021, all government announced COVID-19 business support grants administered by local Councils, as well as discretionary grant schemes like the Additional Restrictions Grant (ARG), have all now closed.

The Coronavirus Job Retention Scheme (Furlough) and the Self-Employed Income Support Scheme (SEISS) remain live and continue to be administered directly by HMRC.

Historic Business Support Grants

All the grant schemes detailed below have now officially closed to applications. The information is currently retained on this webpage so that businesses may review any eligibility or payment amount queries in relation to those legacy schemes independently. 

To view further information about these historic business support grants, please see Appendix B of - The Broxtowe Borough (BBC) Covid Business Grants Support Policy, Guidance Notes and Checklist - July 2021 revision (.pdf) (229KB) (Opens in a new window).

For information about the most recent discretionary Additional Restrictions Grant (ARG) scheme which is also closed, please see – Additional Restrictions Grant (ARG) Guidance, post April 2021 (.pdf) (152KB) (Opens in a new window).

Details of grant amounts paid under these retired schemes can also be found here - Business Support Grants Payments Table (.pdf) (48.8KB) (Opens in a new window) .

Grant support schemes now closed to applications:

  • Local Restrictions Support Grant (Open) - Tier 2, Oct 2020
  • Local Restrictions Support Grant (Closed) - Tier 3, Oct-Nov 2020
  • Tier 3 Closed and Tier 3 Open - from 2nd Dec to 16th Dec 2020
  • Local Restrictions Support Grants (Closed) Addendum - National Restrictions, 5th Nov 2020
  • Local Restrictions Support Grant (Closed) - Tier 3 Open from 2nd Dec 2020
  • Tier 4 Closed - 1st Dec 2020 - 4th Jan 2021
  • National Lockdown Grant (Closed) - from 5th Jan 2021
  • Christmas Grant Support for ‘Wet Led’ Pubs
  • Local Restrictions Support Grant (Sector)
  • Additional Restrictions Grant (ARG) - Up to 14th Feb 2021 Only
  • National Restrictions Grant - 16th Feb to 31st Mar 2021
  • Additional Restrictions Grant (ARG) - From 1st April - 31st May 2021
  • Restart Grant (both strands) - From 1st April - 30th June 2021

Other financial support schemes

The financial support schemes listed in this section are not administered by the Council.  For more information and to apply to these schemes, please follow the applicable link/s to the corresponding support scheme overview.

Coronavirus Job Retention Scheme (Furlough) - from August 2021

The Coronavirus Job Retention (Furlough) scheme has changed and businesses must further contribute to the cost of furloughed employee wages. Employees will continue to receive up to 80% of their wages for hours not worked, where they are furloughed 100% of the time.

From 1st August, employers will:

  • Continue to pay furloughed employees 80% of their wages, but the Government's contribution for hours not worked will reduce from 70%, down to 60%.
  • This means, under the scheme employers must contribute at least 20% of employee wages (capped at £625 per month), for hours not worked.

A business can choose to top-up employee wages above the 80% total and £2,500 cap, for the hours not worked at its own expense. There are no further grants available towards this.

Find out more about the scheme's extension until the 30th September 2021 and the changes which came into effect from 1st July 2021 here - Changes to the Coronavirus Job Retention Scheme (Furlough) (Opens in a new window).

Claiming Furlough payments (for businesses)

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

Self-Employed Income Support Scheme (SEISS) - Final round

Applications for the fifth (and final) SEISS grant are now open and must be made on or before 30th September 2021.

The grant will cover the period May 2021 to September 2021. The amount of the fifth grant received will be determined by how much your turnover has been reduced in the year April 2020 to April 2021.

The fifth grant will be worth:

  • 80% of 3 months’ average trading profits, capped at £7,500, for those with a turnover reduction of 30% or more.
  • 30% of 3 months’ average trading profits, capped at £2,850, for those with a turnover reduction of less than 30%.

The government is now asking applicants to first check their eligibility and to prepare for the online claim service to open later in July, by calculating two different turnover figures in advance. These figures which will be required to make a claim to the SEISS include:

  • Turnover for a 12-month period starting between 1st April 2020 and 6th April 2020.
  • Turnover for either 2019 to 2020 or 2018 to 2019.

For further information on the final SEISS grant and preparing to apply,  visit the government's Self Employment Income Support Scheme (SEISS) webpage (Opens in a new window). 

Recovery Loan Scheme (RLS)

The Recovery Loan Scheme is now open to help businesses of any size access loans and other kinds of finance so they can recover after the pandemic and transition period. It has been designed to effectively replace the Bounce Back Loan (BBLS), Coronavirus Business Interruption Loan (CBILS) and Coronavirus Large Business Interruption Loan (CLBILS) schemes, which all closed to applications on 31st March 2021.

The RLS will provide to eligible businesses the following:

  • Term loans or overdrafts of between £25,001 and £10 million per business,
  • Invoice or asset finance of between £1,000 and £10 million per business.

No personal guarantees will be taken on facilities up to £250,000 and a borrower’s principal private residence cannot be taken as security.

There are a number of different lending providers for the RLS, which UK businesses can choose to apply for support through. The RLS provides those lenders with a guarantee of 80% on eligible loans between £25,000 and £10 million to give them confidence in continuing to provide finance to businesses. The scheme will be open to all businesses, including those who have already received support under the existing COVID-19 guaranteed loan schemes.

The RLS is open to applications until 31st December 2021, however this date is subject to review.

For more information and to apply please visit the Government's Recovery Loan Scheme (RLS) guidance for businesses (Opens in a new window).


Guidance and advice

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).

Code of Practice for the commercial property sector

The government has published a Code of Practice to encourage commercial tenants and landlords to work together to protect viable businesses as we enter the recovery phase of the pandemic. Developed in close collaboration between government and leaders from the sector, the code is designed to provide clarity for businesses when discussing rental payments and to encourage best practice, so that every part of the chain is supported.

Read the government's guidance for commercial property sector (Opens in a New Window).

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

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