Business Support
An overview of the business support measures have been made available to UK businesses and employees.
A full range of business support measures have been made available to UK businesses and employees.
Discretionary lockdown business support grant (non rate payers)
A grant for businesses:
- not registered for business rates
- forced to close under tier 3 restrictions or national lockdown
Lockdown business support grant (rate payers)
A grant for businesses:
- registered for business rates
- forced to close under tier 3 restrictions or national lockdown
Supply chain business support grant
A grant for Sheffield businesses:
- whose main activity is in the supply industry
- who supply hospitality, accommodation, leisure or entertainment sectors with goods or services.
Taxi business support grant
A grant for taxi drivers licenced by us, working up to and including 13 October 2020. To qualify they must live in South Yorkshire or bordering areas.
Click here for more information
Coronavirus Business Interruption Loan Scheme (CBILS)
You are eligible for a loan if your business:
- is based in the UK
- and has a turnover of no more than £45 million per year
- and meets the British Business Bank eligibility criteria
To apply for a loan you should contact your business bank.
Coronavirus Large Business Interruption Loan Scheme (CLBILS)
Government to provide a guarantee of 80% to enable banks to make loans to firms with turnover of between £45 million and £250 million of up to £25 million and loans of up to £50 million for firms with turnover of more than £250 million. Facilities will be available from 3 months up to 3 years. CLBILS will be available through a range of British Business Bank accredited lenders. CLBILS is now open for applications. Click here for more information and to apply.
Bounce Back Loans Scheme
Helps small and medium-sized businesses to borrow between £2,000 and £50,000.
- no fees or interest to pay for the first 12 months
- loan terms up to 6 years
You cannot apply if you’re already claiming under the Coronavirus Business Interruption Loan Scheme (CBILS).
If you’ve already received a loan of up to £50,000 under CBILS and would like to transfer it into the Bounce Back Loan scheme, you can arrange this with your lender until 4 November 2020
The scheme ends on 31 January 2021.
Coronavirus Job Retention Scheme (CJRS)
The Coronavirus Job Retention Scheme has been extended until 30 April 2021
Click here for more information
Statutory Sick Pay (SSP)
SSP will be temporarily available to those who are advised to self-isolate and people caring for those within the same household who display Coronavirus symptoms and have been told to self-isolate. A new style Employment and Support Allowance and Universal Credit will be available to those that are not entitled to Statutory Sick Pay.
Tax
Find out how to pay VAT payments deferred between 20 March and 30 June 2020. You can pay now or get ready to opt in to the VAT deferral new payment scheme. For more information Click Here.
Time to Pay upscaled – a dedicated helpline has been set up to help businesses and self-employed individuals in financial distress and with outstanding tax liabilities to receive support with their tax affairs. Through this, businesses may be able to agree a bespoke Time to Pay arrangement. Click Here for more information. An additional 12-month extension from HMRC on the “Time to Pay” self-service facility, meaning payments deferred from July 2020, and those due in January 2021, will now not need to be paid until January 2022.
Self-employment Income Support Scheme
- are self employed or a member of a partnership
- and adversely affected by covid-19 on or after 14 July 2020
There are two rounds of grants available to cover:
- November 2020 to January 2021
- February 2021 to April 2021
Click here for more information
Relaxation of rules and regulations
The UK government has published a list of the rules that have been temporarily relaxed to make it easier for businesses to continue working through the disruption caused by Coronavirus. Click here for more information.
Frequently Asked Questions
FAQs on UK Government Support Measures
The BCC policy team has produced FAQs on the various UK government support measures announced for business. This information will be updated as and when more guidance becomes available on how to access UK government support. Click Here to read more.
Coronavirus General FAQs
Please note that these will be updated as and when more guidance becomes available. Click Here to read more.