What support is your business eligible for?

Coronavirus (COVID-19) support is available to employers and the self-employed. You may be eligible for loans, tax relief and cash grants.

Use the Government's business support finder to see what support is available for you and your business.

Start now: Business support search tool

Support for businesses re-opening

Newark and Sherwood District Council is working with retailers and market traders to assist wherever possible with the phased re-opening of shops and stalls in town centres. For help and support with your re-opening, visit our dedicated page.

Financial support for businesses

NSDC is keen to support its business community and their employees in these unprecedented and challenging times. So far, we have already made 2,229 relief payments to local businesses with a total value of approximately £26,160,000.

We are committed to being as flexible as possible in administering relief for qualifying businesses and people affected. The support packages available are:

  • A statutory sick pay relief package for SMEs
  • Business Grants of between £10,000 and £25,000 have now started being paid to eligible businesses as follows:

1. £10,000 grant per business property in receipt of Small Business Rates Relief and Rural Rates Relief; or

2. £10,000 grant per business property in the Retail, Hospitality, and Leisure Sector with rateable value of £15k or less at 11 March 2020  

Please note, if businesses fall within both categories 1 and 2 above, the maximum grant eligible will be £10,000

3. 25,000 grant per business property in the Retail, Hospitality, and Leisure Sector with a rateable value of more than £15k but less than £51k at 11 March 2020

Businesses who think they may qualify for one of the above grants should submit their details, including their bank account details, via our secure online form as soon as possible.

Businesses with a rateable value of £51k or over are not eligible for this scheme but may be eligible for assistance via the Coronavirus Business Interruption Loan fund.

  • Nil Business Rates for 2020/21 for all businesses in the retail, hospitality, and leisure sectors. If you are a business in this sector, there is no need to do anything more.  For guidance, please see: https://www.gov.uk/government/publications/business-rates-retail-discount-guidance
  • An ability for businesses to claim against insurance policies that covers a pandemic following confirmation from the Chancellor of the Exchequer that the Government advice is “clear enough to claim”.

  • Temporary suspension of planning regulations to allow all pubs and restaurants to operate temporarily as takeaways.

Discretionary Business Grants Scheme

A second round of applications for the Discretionary Grant Fund will open on Monday 20 July, offering funding to support small businesses in Newark and Sherwood that have not yet been eligible to receive any form of Government Support Grants.

The scheme is aimed at small and micro businesses that can demonstrate they have suffered a significant fall in income because of Covid-19, have ongoing fixed property-related costs and occupy property or shared office space.

Following the completion of the first round of funding, the grant eligibility terms have been revised across Nottinghamshire to open the fund up to a greater number of small businesses. Businesses are encouraged to apply quickly as the deadline for applications closes on Friday 7 August 2020.

The main changes for the grant are an increase in the rateable value for businesses in the retail, hospitality and leisure sectors from £51,000 to £75,000; a decrease in the threshold for property related costs as a percentage of total overheads to 5% (from 15%); and a reduction in the loss of income threshold to 70% (from 80%). The scheme also introduces a fixed payment for those businesses that do not have substantial property related costs but have experienced income loss of over 70%.

The additional funding is not eligible for businesses that have already received financial support from previous grants, including but not limited to:

  • Small Business Grant Fund
  • Retail, Hospitality and Leisure Grant
  • The Fisheries Response Fund
  • Domestic Seafood Supply Scheme (DSSS)
  • The Zoos Support Fund
  • The Dairy Hardship Fund

Businesses must have been trading on 11 March 2020 and have so far been considered ineligible for grant support. Businesses will be required to provide supporting information and documentation for verification purposes.

Businesses who have applied for the Coronavirus Job Retention Scheme or the Self-Employment Income Support Scheme are eligible to apply for this scheme, however priority may be given to those businesses who were not eligible for these grants.

The broad categories of businesses which are eligible, but not exhaustive, include:

  • Small businesses in shared offices or other flexible workspaces
  • Regular market traders, domiciled in the District
  • Bed and breakfast premises which pay council tax instead of business rates
  • Charities in receipt of charitable rate relief, which otherwise would have received Small Business Rate Relief
  • Tourism and hospitality
  • Day nurseries

For more information on the scheme, including eligibility criteria and grant allocation, read: Discretionary Business Grant Scheme Round Two (PDF File, 590kb)

To apply, visit: https://selfservice.newark-sherwooddc.gov.uk/renderform.aspx?t=244&k=E4F1FE0EAFCFFC81F96606EB68CF6BA0D523AE75

Coronavirus Business Interruption Loan Scheme

Businesses may be eligible for a Coronavirus Business Interruption Loan of up to a maximum of £1.2 million. This scheme is delivered through commercial lenders, backed by the Government-owned British Business Bank. There are 40 accredited lenders able to offer the scheme, including all the major banks. The decision on whether to offer finance is taken by each individual lender, not by the Government. Businesses remain responsible for repaying any loans they take out.

There is also information on additional support at the Local Enterprise Partnership Growth Hub here.

The Government has published guidance on the closure of all retailers that sell non-essential goods and other non-essential premises, as part of further social distancing measures.

https://www.gov.uk/government/publications/further-businesses-and-premises-to-close

A full range of business support measures have been made available to UK businesses and employees.

D2N2

More financial support for businesses can be found on the D2N2 website.

 

Financial support for employees

Under the Coronavirus Job Retention Scheme, all UK employers 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.

To access the scheme you will need to: 

  • Designate affected employees as ‘furloughed workers,’ and notify your employees of this change - changing the status of employees remains subject to existing employment law and, depending on the employment contract, may be subject to negotiation. 
  • Submit information to HMRC about the employees that have been furloughed and their earnings through a new online portal (HMRC will set out further details on the information required). 

HMRC will reimburse 80% of furloughed workers wage costs, up to a cap of £2,500 per month. HMRC are working urgently to set up a system for reimbursement. Existing systems are not set up to facilitate payments to employers.

The scheme applies to all UK businesses.

Information for employers making redundancies or with recruitment opportunities

Short term cash flow support

If your business needs short term cash flow support, you may be eligible for a Coronavirus Business Interruption Loan.

CIPD

Chartered Institute of Personnel and Development (CIPD) has published useful advice, resources and guidance to support employers and people professionals in their response to Coronavirus (Covid-19) including the Coronavirus Job Retention Scheme and on furloughing staff. https://www.cipd.co.uk/news-views/coronavirus/faqs

Redeployment Triage Service

A brand new service has been created to help those made jobless as a result of the Coronavirus outbreak back into employment.
Whilst the Government has created the Coronavirus Job Retention Scheme, designed to help businesses retain their staff during the current outbreak by paying 80% of an employee’s salary, there are redundancies currently being made by businesses across Derbyshire and Nottinghamshire.

This is occurring while gaps in the labour market are appearing in sectors vital to the ongoing fight against Coronavirus (Covid-19).

D2N2, the Local Enterprise Partnership for Derby, Derbyshire, Nottingham and Nottinghamshire, has worked with partners to create The Redeployment Triage Service, to be administered by Futures who are the National Careers Service provider for the East Midlands.

They will match those recently made redundant with new work in sectors experiencing a surge in demand such as food retail, care, and distribution. The service will also engage with employers needing to make redundancies to ensure a smooth transition for their employees into new work.

Further information can be found on the D2N2 website.

Self-employment Income Support Scheme

The Self-employment Income Support Scheme (SEISS)will support self-employed individuals (including members of partnerships) whose income has been negatively impacted by COVID-19. The scheme will provide a grant to self-employed individuals or partnerships, worth 80% of their profits up to a cap of £2,500 per month. HMRC has published how it works out total income and trading profits. HMRC will aim to contact those who are eligible for the scheme by mid-May 2020 and invite them to claim using the GOV.​UK online service.

Business support links

Support for businesses who are paying sick pay to employees

Support for businesses who pay business rates

Support for businesses who pay little or no business rates

Support for businesses through the Coronavirus Business Interruption Loan Scheme

Support for businesses paying tax

Insurance

The East Midlands Chamber have created a Coronavirus hub on their website which is updated daily with the latest developments and new financial measures. 

British Independent Retailers Association has a webpage containing advice for employers on health and safety advice and employment law.

The Federation of Small Business has a webpage which consists of various forms of advice to small business about coronavirus.

The Chartered Institute for Personnel and Development has information which sets out how employers should respond to the threat from coronavirus. https://www.cipd.co.uk/news-views/coronavirus

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