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Coronavirus (Covid-19) - Support and Guidance for BusinessesSupport for Businesses

Advice for non-essential shops planning to reopen on or after 15 June

The Government has announced a full range of business support measures which are available to UK businesses and employees.  

Business Grants and Business Rates Discounts and Reliefs

The following support schemes available for Businesses are being administered by the Council:

Update on payment of business grants

As of 17 July, Fareham Borough Council has paid out more than £18.1M so far in grants to businesses in the Borough as part of the Government's support package during the Coronavirus pandemic.

So far over 2,000 statements confirming eligibility have been completed and submitted by businesses across Fareham and 100 per cent of those statements have been reviewed by Council employees. A significant number of the grant requests have been rejected as ineligible by the Council, including many which are duplicate submissions.

Half of all statements submitted to the Council have needed further checks, usually because of anomalies with information already held about that business, or because the business did not have a direct debit set up for payment of its business rates. The Council has been actively seeking tools which can speed up these checks.

Fareham Borough Council initially wrote to 1,700 businesses asking them to complete declarations of eligibility. They have also set up a dedicated telephone team to call businesses believed to be eligible but who haven't applied.

Solent Local Enterprise Partnership (LEP)

The Solent LEP, in partnership with Crowdfunder, has launched a new fund targeted at small and micro businesses.  There is a maximum pledge of up to £2,000 per micro business (fewer than 10 staff) and up to £5,000 per small business (fewer than 10 staff), contributing to up to 50% towards the business's total fund-raising target.  Further details are available on the Solent LEP business at https://solentlep.org.uk/crowdfunding-programme-pay-it-forward/ External Hyperlink.

There is also a new 'Coronavirus' hub on the Solent LEP website detailing all of the available information about support for local businesses Coronavirus information from the Solent LEP  External Hyperlink

National Information

Find out if your business is eligible for support with the Business Support Finder tool External Hyperlink.

Schemes we have information for so far are:

Future Fund

This Government fund provides government loans to UK-based companies ranging from £125,000 to £5 million, subject to at least equal match funding from private investors.

Find out more External Hyperlink

Self-employed Income Support Scheme

This Government scheme is for the self-employed or a member of a partnership in the UK and who have lost income due to coronavirus (COVID-19). Claiming a taxable grant worth 80% of trading profits up to a maximum of £2,500 a month. HMRC aims to contact potential claimants by mid May 2020, and will make payments by early June 2020.

Find out more External Hyperlink

Bounce Back Loan

This Government scheme launched on 4th May to help small and medium-sized businesses to borrow between £2,000 and £50,000. The government will guarantee 100% of the loan and there will not be any fees or interest to pay for the first 12 months (on terms of up to 6 years).

Find out more External Hyperlink

Coronavirus Business Interruption Loan Scheme

This UK-wide scheme will help businesses affected by coronavirus to access finance of up to £5 million.

Find out more External Hyperlink

Coronavirus Large Business Interruption Loan Scheme (CLBILS)

This Government scheme supports large businesses with an annual turnover of over £45 million.  All viable businesses can apply for up to £25 million of finance. Firms with a turnover of more than £250 million can apply for up to £50 million of finance.

Find out more External Hyperlink

Business Rates Holiday for Retail, Hospitality and Leisure

Businesses in the retail, hospitality and leisure sectors in England will not have to pay business rates for the 2020-21 tax year.

Find out more External Hyperlink

Cash Grant for Retail, Hospitality and Leisure

Businesses in the retail, hospitality or leisure sector will receive a cash grant of up to £25,000 per property.

Find out more External Hyperlink

Coronavirus Job Retention Scheme

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

Find out more External Hyperlink

Small Business Grant Funding

The Government is providing additional funding for Local Authorities to support small businesses that already pay little or no business rates because of small business rate relief (SBRR), rural rate relief (RRR) and tapered relief.

To see if your business is eligible for the grant, use the GOV UK checker tool External Hyperlink.

Find out more External Hyperlink

Statutory Sick Pay Rebate

The Government will bring forward legislation to allow small and medium-sized businesses to reclaim Statutory Sick Pay (SSP) paid for staff sickness absence due to coronavirus.

Find out more External Hyperlink

Time to Pay

All businesses and self-employed people in financial distress, and with outstanding tax liabilities, may be eligible to receive support with their tax affairs through HMRC's Time To Pay service.

Find out more External Hyperlink

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.

Find out more External Hyperlink

Business Rates Holiday for Nurseries

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

Find out more External Hyperlink

Guidance for businesses

The Government has published guidance setting out how businesses can operate safely:

Guidance for shops planning to reopen on 15 June  External Hyperlink

Outdoor working environments External Hyperlink

Factories, plants and warehouses External Hyperlink

Labs and research facilities External Hyperlink

Offices and contact centres External Hyperlink

Working in, visiting or delivering to other people's homes External Hyperlink

Restaurants offering takeaway or delivery External Hyperlink

Working in or from vehicles External Hyperlink

5 steps to working safely External Hyperlink

 

 

 

 



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Fareham Borough Council, Civic Offices, Civic Way, Hampshire, PO16 7AZ
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