Support for Businesses/Employers

Information and advice for the businesses and charities

Latest government advice for employers and businesses

Latest advice from the Federation of Small Businesses

Latest advice from Charity Finance Group (CFG)

Latest advice from NCVO: National Council of Voluntary Organisations

Latest advice from ACAS: Advisory, Conciliation and Arbitration Service

Latest government support initiatives for businesses


Updated 10/09/2020

Government Support for Employers and Businesses

Latest advice from GOV.UK
Latest government support initiatives for businesses

The Chancellor has set out a package of temporary, timely and targeted measures to support public services, people and businesses through this period of disruption caused by COVID-19.


Bounce Back Loans Scheme: 27/04

What is it?

  • Gov’t scheme to help small and medium-sized businesses to borrow between £2,000 and up to 25% of their turnover. The maximum loan available is £50,000.
  • The gov’t guarantees 100% of the loan and there won’t be any fees or interest to pay for the first 12 months. After 12 months the interest rate will be 2.5% a year.
  • You can repay earlier with no penalty.
  • Loans set up to last 6 years (1 interest free and 5 years @ 2.5%).
  • Loans are unsecured. You don’t give security (the Government does) so it’s far more difficult for them to take your assets if you can’t repay.

Who is eligible?

  • Your business must have been established before 1 March 2020.  It must also still be trading as a going concern (temporary cessation due to coronavirus doesn’t matter) at the point of application – and the reason for any issues must be due to Coronavirus.

Temporary VAT cut for accommodation and attractions including museums

  • From 15 July to 12 January 2021 the reduced (5%) rate of VAT will apply to supplies of accommodation and admission to attractions across the UK, including museums.

 Job Retention Bonus for furloughed employees who remain employed until the end of January 2021

  • £1,000 one-off payment to employers for every furloughed employee who remains continuously employed through to the end of January 2021. Details by end of July.

Kickstart Scheme for 6-month placements for unemployed young people

  • fund to create high quality 6-month work placements aimed at those aged 16-24 who are on Universal Credit and are deemed to be at risk of long-term unemployment.
  • Funding will cover 100% of the relevant National Minimum Wage for 25 hours a week, plus employer NI contributions and employer minimum automatic enrolment contributions.

 Public Sector Decarbonisation Scheme  

  • £1 billion Public Sector Decarbonisation Scheme that will offer grants to public sector bodies (including schools and hospitals) to fund both energy efficiency and low carbon heat upgrades

 

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