Coronavirus support for businesses
Ashfield businesses and self-employed people can get Coronavirus (COVID-19) support as well as advice to help keep your business and employees safe.
There is more about government's support for business on the Gov.UK website.
Business Grants Update: 1 July 2021
All Business Grant Schemes are now closed. If you have submitted an application for a Restart Grant and have not yet received payment, once eligibility has been determined payment will be made (if appropriate) by no later than 31 July 2021.
Other sources of help
The Recovery Loan Scheme
The Recovery Loan Scheme will be launched on 6 April 2021 and is scheduled to run until 31 December 2021.
Loans, overdrafts, asset finance and invoice finance facilities from £1K to £10M are provided by the British Bank to help businesses affected by Covid-19. Finance can be used for any legitimate business purpose, including managing cashflow, investment and growth. You can apply for this even if you have already taken part with BBLS, CLBILS, CBILS.
This is a monthly payment to help with your living costs. It can be applied for in addition to the JSS and SEISS payments. You or your partner cannot apply if you have more than £16K of savings. You can find out more on the Universal Credit website.
New Style Jobseekers Allowance
If you are unemployed or work less than 16-hpw, have paid enough Class 1 NI contributions in the last 2-3 years and have savings under £16k – then you are entitled to 6-month JSA payments. Claim £58.90 if you're 18 to 24. £74.35 if you're 25 or over. £116.80 if you claim income-related JSA as a couple. You can find out more about Jobseekers Allowance on the Gov.UK website.
Self-Isolation Test and Trace Support Payment Scheme
This helps people on low incomes, who need to self-isolate and are unable to work from home, in areas with high incidences of COVID-19 with a one-off grant payment of £500.
If you are asked to self-isolate by the track and trace system you are able to apply for a one-off grant payment of £500 if you meet the eligibility criteria. We are managing the scheme and we will contact you to confirm that your application has been received.
This reduction is for the hospitality and tourism sectors only and aims to help them manage cash flows at this difficult time. VAT is reduced to 5% and this will remain place until 30th Sept 2021 followed by a 12.5% rate for a further six months until 31 March 2022. This rate applies to the sale of food and non-alcoholic drinks from restaurants, pubs, bars, cafés and similar premises, suppliers of accommodation and admission to attractions across the UK.
You can find out more about reduced VAT on the Gov.UK website.
Business Rates Extended Retail Relief
There is an extended 100% business rates relief period of 3 months for Retail properties for the period up to 30 June 2021. There will also be a new 66% relief for the same premises from 1 July to 31 March 2022 which were required to be closed on 5 January 2021. These reliefs will also apply to nurseries.
Work is underway to include these reliefs in the new Business Rates demands that will be issued for 2021/22.
Free help for small businesses
Suffering late or unfair payments from larger businesses. The Small Business Commissioner helps small businesses resolve disputes around late and unfair payment. This is a free service for any small business (under 50 employees) suffering payment problems from their larger business customers (over 50 employees).
The SBC will provide advice and information to small businesses on:
- resolving disputes and dealing with an unpaid invoice
- checking contracts and getting invoices right
- signposting small businesses to existing support and dispute resolution services.
You can find out more on the Small Business Commissioner website.
Financial Help and Updates on COVID-19 Support
You can register for daily bulletins to ensure that your business remains aware of the latest changes and know what support is available. You can also find further information about any available financial support for businesses during coronavirus on Gov.UK website.
If you would like to be kept up to date with the latest information on what’s available to support local businesses in Ashfield, then follow us at:
Business closures to reduce spread of virus
There is guidance available for businesses closing temporarily to help stop the spread of coronavirus. You can find the latest information on the business closures on the Gov.uk website.
If you think a non-food business is failing to abide by the rules you should let Trading Standards know. You can email them at email@example.com.
Increased risk of Legionella in vacant businesses
There is an increased risk of Legionella in buildings which have been vacant for some time, such as from employees working from home instead of the office. Pools and spa facilities are also at greater risk. It is caused by water stagnating in the system.
To reduce the risk hot and cold water should be run at least once a week. Contractors should be competent in Legionella management and pools or spas should follow the Pool Water Treatment Advisory Group Code of Practice.
How to contact us
You can contact our business support team if you need any help with starting a new business or if you’re looking to grow an existing business: