Coronavirus Outbreak Information and Updates

If your business will or has been affected by COVID-19 in anyway - be it staffing concerns, importing or exporting goods issues, or a supply chain issue - please contact our team on 01905 677 888 or email info@business-central.co.uk Read our latest ArticlesContact our team

Worcestershire Business Central are providing information, guidance, and advice for businesses and employees. Find all the latest information on how we can support your business below.

 

The government are giving businesses access to a £350 billion package of grants, loans, and business support – equivalent to 15% of UK GDP. The following funding and support schemes are available:

Coronavirus Business Interruption Loan Scheme

The Coronavirus Business Interruption scheme supports small and medium-sized businesses with access to loans, overdrafts, invoice finance and asset finance of up to £5 million and for up to six years. The funding can be accessed through  a British Business Bank accredited lender. View the Coronavirus Business Interruption Loan Scheme (CBILS) here. 

All businesses with a turnover over £45 million can apply for £25m of finance, and businesses with a turnover of over £250m can apply for £50m. Please click here to find out more.

 

 

Coronavirus Job Retention Scheme

Under the Coronavirus Job Retention Scheme, all UK employers will be able to access support to continue paying part of their employees’ salary for those employees that would otherwise have been laid off during this crisis.

HMRC have produced this step by step guidance on how to make a claim.

The government have also created a calculator to help you work out the figures to make your clam.

To start your Coronavirus Job Retention Scheme claim, please click here.

Find out more

Coronavirus Bounce Back Loan Scheme

The Bounce Back Loan scheme will help small and medium-sized businesses to borrow between £2,000 and £50,000.

The government will guarantee 100% of the loan and there won’t be any fees or interest to pay for the first 12 months.

Loan terms will be up to 6 years. No repayments will be due during the first 12 months. The government will work with lenders to agree a low rate of interest for the remaining period of the loan.

 

Find out more

Self-employment Income Support Scheme

If you cannot maintain your current workforce because your operations have been severely affected by coronavirus (COVID-19), you can furlough employees and apply for a grant that covers 80% of their usual monthly wage costs, up to £2,500 a month, plus the associated Employer National Insurance contributions and pension contributions (up to the level of the minimum automatic enrolment employer pension contribution) on that subsidised furlough pay.

Find out more

Cash Grant for Retail, Hospitality and Leisure

If your business is in the retail, hospitality or leisure sector, you can receive a cash grant of up to £25,000 per property.

If your business is in Worcester, Malvern Hills or Wychavon District Council areas then you will need to register your details via the links to the respective Council websites as below.

 

Find out more

Small Business Rates Relief (SBRR)

Small business grant funding of £10,000 for all business in receipt of small business rate relief or rural rate relief.
If your business is in Worcester, Malvern Hills or Wychavon District Council areas then you will need to register your details via the links to the respective Council websites as below.

Find out more

Statutory Sick Pay

For businesses with fewer than 250 employees, the cost of providing 14 days of Statutory Sick Pay per employee will be refunded by the government in full. This will provide 2 million businesses with up to £2 billion to cover the costs of large-scale sick leave.

 

Find out more

Covid-19 Corporate Financing Facility

The new Covid-19 Corporate Financing Facility (CCFF) means that the Bank of England will buy short-term debt from larger companies. This will support companies which are fundamentally strong, but have been affected by a short-term funding squeeze.

Find out more

Future Fund

This scheme will issue convertible loans between £125,000 to £5 million to innovative companies which are facing financing difficulties due to the coronavirus outbreak.

Find out more

Business Rates Relief for Retail, Hospitality and Leisure

A 100% business rates holiday for the next 12 months for all retail, hospitality, and leisure businesses, no matter what their rateable values are.

 

Find out more

Time to Pay

A dedicated helpline has been set up to help businesses and self-employed individuals in financial distress and with outstanding tax liabilities receive support with their tax affairs. If you are concerned about being able to pay your tax due to COVID-19, call 0800 024 1222.

 

Find out more

Deferral of Self-Assessment payment

The Self-Assessment payment on account, that is ordinarily due to be paid to HMRC by 31 July 2020 may now be deferred until January 2021.

Find out more

Business Rates Holiday for Nurseries

Nurseries in England* do not have to pay business rates for the 2020-21 tax year.

Find out more

VAT Deferral

The government will support businesses by deferring Valued Added Tax (VAT) payments for 3 months.

Find out more

Digital Boost

Digital Boost is a free volunteering platform uniting leaders of small
businesses and charities with digital experts.
 
If you are a small business or charity and want free, expert support, sign up at the link below.

Cyber Crime

Protect yourself and your business from fraud and cyber crime. The goverment has provided simple steps you can take to protect yourself and your business.

Find out more

The Skills Toolkit

A new online learning platform to help boost the nation’s skills while people are staying at home.

Free courses are available through a new online platform hosted on the gov.uk website, called The Skills Toolkit. The new platform gives people access to free, high-quality digital and numeracy courses to help build up their skills, progress in work and boost their job prospects.

Find out more

Support finder

A new ‘support finder’ tool will help businesses and self-employed people across the UK to quickly and easily determine what financial support is available to them during the coronavirus pandemic.

The new online platform on gov.uk asks business owners and the self-employed to fill out a quick and simple online questionnaire. They will then be directed to a list of all the financial support they may be eligible for. You can find out more about the tool here.

 

District Councils will provide support in relation to certain elements of the business support, especially around business rates and business rates grants. Click on the link to your relevant district council pages below.

 

Department for International Trade

Guidance for UK businesses trading internationally

Advice for UK businesses that export or deliver goods and services abroad and have been impacted by the spread of Coronavirus (COVID-19). It includes:

  • DIT support for UK business trading internationally
  • Financial support for business trading internationally

Find out more

Companies House

Guidance for Companies House customers, employees and suppliers

Companies House has robust plans in place to maintain services for customers and protect the welfare of employees during the Coronavirus (COVID-19) outbreak.

 

Find out more

Prince’s Trust 

The Prince’s Trust and NatWest Enterprise Relief Fund

The £5million Enterprise Relief Fund will offer grants to 18 to 30-year olds across the UK who are self-employed and/or running their own business.

 

Find out more

UKRI

Get funding for ideas that address COVID-19

Proposals are invited for short-term projects addressing and mitigating the health, social, economic, cultural and environmental impacts of the COVID-19 outbreak.

UKRI will support excellent proposals up to 18 months duration.

 

Find out more

ADDITIONAL SUPPORT

ACAS - Working for Everyone

Visit the ACAS website to find out information and advice for employers and employees around coronavirus and details of webinars. The Acas website is being updated daily as and when guidance changes.

Additional Sources of Support

We hope you have found the information on this site helpful. We will continue to up-date this page when we receive new information. For additional government support, please follow the link below. 

Business Support Outside of GoverNment

Government is working with Business Representative Organisations to support the response to coronavirus and ensure business voices are heard. 

COULD YOUR BUSINESS OFFER SUPPORT DURING CORONAVIRUS CRISIS?

#HERE2HELP

Can your business offer support to Worcestershire County Council during the coronavirus crisis?

Firms who wish to help the community can now easily volunteer their goods, services, and time thanks to the #Here2Help campaign from Worcestershire County Council

Worcestershire County Council would love to hear from you if you have any goods and services that you wish to donate.

Coronavirus Support From Your business

 

Use this service to tell government how your business might be able to help in the response to coronavirus.

Businesses will be asked questions about the type of support they can offer and will then be contacted as soon your support is required.

Business & Premises Closure Guidance

Following government advice that non-essential businesses and premises must now shut, they have released further guidance on what businesses and premises should close and any exceptions. Find out out more.

The Pensions Regulator

Automatic enrolment and DC pension contributions: COVID-19 guidance for employers. Find out out more.

If Your Business is Staying Open

This guidance will assist employers, businesses and their staff in staying open safely during coronavirus (COVID-19). Click here to find out more.

IR35 Regulations Delayed

Off-payroll working rules reforms postponed until 2021. Implementation of reforms to off-payroll working rules delayed for 12 months. Click here to find out more.

Self-employed Businesses and Universal Tax Credit.

Self-employed businesses can apply for Universal Tax Credit. Find out more.

Mortgage Help for Homeowners

Mortgage lenders have agreed they will support customers that are experiencing issues with their finances as a result of Covid-19, including through payment holidays of up to 3 months. Find out more.

Q&A on Insurance Related Queries

Association of British Insurers (ABI) have produced a Coronavirus Q&A on insurance related queries. Find out more.

Travel Advice for Coronavirus (COVID-19)

Guidance for British people travelling overseas during the coronavirus (COVID-19) pandemic. Find out more.

Crowdfunder

Crowdfunder are offering businesses 100% free fundraising for your business during the coronavirus crisis.  Find out more.

Coronavirus info WhatsApp Group

Government has set-up a new free to use service through WhatsApp, aiming to provide official, trustworthy and timely information and advice about coronavirus, and will further reduce the burden on NHS services. Find out more.

Working From Home Advice

In these unprecedented times, more and more of us are working from home. Whether your colleagues are practiced homeworkers, or new to it, the same practicalities apply to keep them and your business safe. Find out more.

Resources

Resources have been made available for businesses to access, download and share. You can find out more and access these resources by clicking here.

Latest News

WBC Blog – Supporting Businesses Through Troubling Times

WBC Blog – Supporting Businesses Through Troubling Times

I don’t think that any of us could have foreseen the events of the last month.  Life has changed significantly, and of course from a business perspective, has presented many new challenges. We are here to help all Worcestershire businesses through this changing and...

 

Information for the public on the outbreak of coronavirus, including the current situation in the UK and information about the virus and its symptoms, updated daily on the GOV.UK website. 

In most cases, Covid-19 is mild, but everyone should remain vigilant and carry on with good personal hygiene measures, which include:

  • Giving your hands a good wash with soap and water is the most effective action you can take (but hand gels can be a good substitute).
  • Maintaining personal hygiene when coughing or sneezing is also important – use a tissue rather than your hands and then throw it away.
  • Using cleaning wipes to give your keyboard, desk, phone etc. the once-over on a regular basis.

If someone is feeling unwell and has the symptoms set out on the public health website they should not go to their doctor or a hospital. They should ring 111 to get further advice. Keep up to date with advice via the NHS coronavirus web pages.

If your business has been affected by COVID-19 in anyway, please contact our team.

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01905 677 888

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