A range of support packages has been announced by the Chancellor to support people, public services and businesses through the period of disruption caused by COVID-19. The full list of financial support available and details of how to access the funding for businesses can be viewed on this page.
Businesses will be able to access government support from 23 March to keep operating in the face of the global economic emergency. Further details are available on this page.
Businesses with fewer than 250 employees can find out what support is available to them on this page.
Updated information on how to claim for 80% of your employee’s wages through the Coronavirus Job Retention Scheme are available on this page. The scheme to claim wages launched on 20 April. You can now claim for employees who were on your payroll on or before 19 March 2020. You can make your claim on this page.
From August 2020 until October 2020, there will be a change to the scheme which will allow employers to bring back staff part-time. Employees will still receive 80% of salaries of their salaries up to a cap of £2,500. However, employers will be asked to pay a percentage towards the costs of their furloughed staff. Details of the how much employers will be required to contribute towards their employments costs will be released by the end of May.
Read advice from our Business Supporter Ellacotts on how to make your claim for employee wages.
Business with fewer than 250 employees can claim a rebate for statutory sick pay paid to employees with coronavirus from 26 May. Visit this page for full information.
Full details of the Business Interruption Loan Scheme and how to apply are on this page.
Small businesses can access bounce back loans of up to £50,000 which are paid within a few days.
On 2 May the government announced top-up grants for small businesses with under 50 employees which were previously outside the scope of the business grants fund scheme. Read more here.
The Government announced they are deferring VAT payments for 3 months (until the 30th of June 2020) for all UK Businesses. This will be delivered via HMRC and is an automatic offer with no applications required. Businesses will not need to make a VAT payment during this period. VAT refunds and reclaims will be paid by the government as normal. HM Customs and Revenue has also set up a helpline – 0800 0159 559.
Advice on how to make workplaces safe during coronavirus is available here.
The financial assistance that is being made available to the self-employed can be viewed on this page.
Applications to the scheme are now open. Visit this page to start your claim.
If you are self-employed, Income Tax Self-Assessment payments due on the 31 July 2020 will be deferred until the 31 January 2021. This is an automatic offer with no applications required. No penalties or interest for late payment will be charged in the deferral period.
If you are an employee who is being furloughed you can check your rights on this page.
From 30 March 2020, MOT due dates for cars, motorcycles and light vans will be extended by 6 months.
The delivery routes for the support available are available on the document below.
The Federation of Small Businesses has lots of information on their website and is also running free webinars.
The Chamber of Commerce has put together a comprehensive toolkit of links & information for businesses. They are in daily contact with central, regional and local government to ensure the voice of businesses is heard.
The CWLEP Growth Hub has a dedicated page to helps businesses in Coventry and Warwickshire respond to the crisis. They are also asking businesses to complete this short impact survey on how the Coronavirus outbreak has affected them so far.
HR support is available via ACAS.
Our Business Supporter, Ellacotts Accountants, has information on financial help for businesses on its website.
Our Business Support, Wright Hassall solicitors, has written an article on some of the considerations for farmers during this period of self isolation.
If you have concerns about unsupported elderly residents with care and support needs who have to self-isolate because of Coronavirus, please contact Warwickshire County Council (WCC) Customer Service Centre on 01926 410410 to make them aware.
The list of key workers who are critical to the COVID-19 response includes those in the production, distribution, sale and delivery of food and other necessary goods. These, and other key workers, may continue to send their children to school following the general closure of schools on Friday 20 March. Read the full list of key workers here.