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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

Business Grants and Business Rates Discounts and Reliefs

The Government has provided a range of business support measures for UK businesses and employees in response to Covid-19.  The following support schemes available for Businesses are being administered by the Council:

Over 1,700 business grants paid

Over 1,700 businesses in Fareham have benefitted from one the Government's Covid-19 related support schemes administered by the Council:

In total, £18.78m was granted under the three schemes, which are now closed.  The payments were part of a package of measures announced by the Government to help businesses affected by the Coronavirus.  Letters were sent to 1,700 businesses across the Borough and a team of officers from Fareham Borough Council phoned businesses to help them get grant support.

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.

Please note that the video below has no sound. A description of its contents can be found here.

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 – Scheme Closed on 31/08/2020

Businesses in the retail, hospitality or leisure sector were eligible to 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 – Scheme Closed on 31/08/2020

The Government provided 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.

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
Tel: +44 (0) 1329 236100 | Mobile Text/Photo: 07876 131415 | Fax: +44 (0) 1329 821770
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