Help for businesses and individuals affected by Covid-19

e.g. Business rates


We’re here for you. Call us or email us to let us know what worries you the most. We’ll call you to discuss it and then get on to trying to find the best solution for you.
t: 020 7625 4545 e: covid19@mgr.co.uk
Last updateHelp availableFurther details for individualsFurther details for businessesHow to claimSource URL
Data pager
Data pager
123
Page size:
PageSizeComboBox
select
 28 items in 3 pages
15 May 2020Local Authority Discretionary Grants Fund The scheme will help small and micro businesses who were not eligible for the Small Business Grant Fund or the Retail, Leisure and Hospitality Fund. Businesses who meet the Local Authority Discretionary Grants Fund eligibility criteria may be eligible to receive grants to the value of £25,000, £10,000 or any amount under £10,000.Local authorities need to establish an application process. See the link for further information on the eligibility criteria. https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/885011/local-authority-discretionary-grants-fund-guidance-local-government.pdf
12 May 2020Coronavirus Job Retention Scheme (CJRS)If your employer intends to access the CJRS, they will discuss becoming classified as a furloughed worker. This enables employees to be kept on the company payroll without being made redundant. To qualify you should not undertake work for your employer whilst on furlough. Your salary will be capped at 80% of your wages up to £2,500 per month. Your employer may top up your salary to 100% at their discretion. If your salary reduced due to this, you may be eligible for support through the welfare system.Employers can 'furlough' employees that would otherwise be made redundant due to the impact of COVID-19, provided the worker was on the payroll on or before 19 March 2020. HMRC will cover 80% of furloughed employee gross wages (excluding non-monetary benefits and including 'contractual' commission) up to £2,500 per month, as well as the associated employer NICs and minimum auto-enrolment employer pension contributions. The Government has clarified that employees may start a new job whilst furloughed (subject to approval by the primary employer) and be furloughed multiple times, assuming each furlough lasts a minimum of 3 weeks. Company directors will be restricted to performing statutory duties whilst furloughed.Businesses will need to submit information to HMRC about employees that have been "furloughed" on an online portal that opened on 20 April 2020.The scheme will be backdated to 1 March 2020 and is now available until 31 October 2020. New flexibility is expected to be introduced in August 2020, surrounding part-time working and partial employer contributions. https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme
07 May 2020The Arts Council England grant The Arts Council England are providing financial assistance to National Portfolio Organisations (NPOs) and Creative People and Places (CPPs) by making emergency grants available to those in need in order to help them survive until the end of September 2020. There is a total fund of up to £90m.The fund will open for applications at 12pm (midday) on Tuesday 12 May 2020 and the deadline for applications will be 12pm (midday) on Tuesday 19 May 2020. Decisions will be made by 30 June 2020. See the link for further information on the eligibility criteria and the application process. https://www.artscouncil.org.uk/funding/financial-support-npos-and-lead-cpp-organisations#section-1
04 May 2020Coronavirus Bounce Back Loan Scheme (BBLS) The BBLS will help small and medium-sized businesses borrow from £2,000 to £50,000.(or 25% of turnover, if lower than £50,000). The government will guarantee 100% of the loan and there won’t be any fees or interest to pay for the first 12 months. Loan terms will be up to 6 years. No repayments will be due during the first 12 months. The government will work with lenders to agree a low rate of interest for the remaining period of the loan.The scheme went live on 4 May 2020. The full rules of the scheme and guidance on how to apply is available on the British Business Bank website. See the link for further information on the eligibility criteria. https://www.gov.uk/guidance/apply-for-a-coronavirus-bounce-back-loan
04 May 2020Self-employment Income Support Scheme (SEISS) This scheme will allow you to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 per month for the next 3 months if you meet the criteria (see link for full detail). The grant will be subject to Income Tax and self-employed National Insurance. The online eligibility check went live on 4 May and the claims portal opened on 13 May 2020. If you’re eligible, HMRC will tell you the date you can make your claim from. If your claim is approved you’ll receive your payment within 6 working days. See the link for further information on the eligibility criteria. https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme
27 April 2020Coronavirus Business Interruption Loan Scheme (CBILS)  The government will provide lenders with a guarantee of 80% on each loan of up to £5 million in value. The loans will be interest free for the first 12 months, as government will cover the first 12 months of interest payments. The government have issued guidance that banks will not require from businesses the provision of forward-looking financial information or business plans, this is to be confirmed by UK Finance.To apply small businesses should approach one of the 40+ accredited lenders with their borrowing proposal. (See eligibility criteria and full list of accredited lenders in the source document). The scheme went live on 23 March 2020. https://www.british-business-bank.co.uk/ourpartners/coronavirus-business-interruption-loan-scheme-cbils-2/
27 April 2020Coronavirus Large Business Interruption Loan Scheme (CLBILS) The government will provide lenders with a guarantee of 80% on loans to large businesses, defined as having a turnover between £45m and £500m. The scheme covers loans of up to £25m. The government have issued guidance that that banks will not require from businesses the provision of forward-looking financial information or business plans, this is to be confirmed by UK Finance.The scheme opened on the 20 April 2020 and is available through a series of accredited lenders listed on the British Business Bank website. The application process will likely be similar to that of the CBILS. https://www.businesssupport.gov.uk/coronavirus-large-business-interruption-loan-scheme/
20 April 2020Support package for innovative firms - Future Fund The comprehensive package includes a new £500 million loan scheme for high-growth firms, called the Future Fund, that will launch in May. The fund will provide loans between £125,000 and £5 million, with private investors at least matching the government commitment. These loans will automatically convert into equity on the company’s next qualifying funding round, or at the end of the loan if they are not repaid. To be eligible, the business must be unlisted, UK registered and previous raised at least £250,000 in equity investment from a 3rd party in the last 5 years.No details at present https://www.gov.uk/government/news/billion-pound-support-package-for-innovative-firms-hit-by-coronavirus
20 April 2020Support package for innovative firms - Targeted Support for Research and Development (R&D)  £750 million of targeted support for the most R&D intensive small and medium size firms will be made available through a grants and loan scheme operated by Innovate UK, the national innovation agency. Grants and loan payments will be accelerated for its current customers on an opt-in basis, there will also be an extra £550 million available to increase support to existing customers and £175,000 of support will be offered to around 1,200 firms not currently in receipt of Innovate UK funding.No details currently available, the first payments will be made by mid May https://www.gov.uk/government/news/billion-pound-support-package-for-innovative-firms-hit-by-coronavirus
08 April 2020Support for charities The government has announced a £750m package to support frontline charities that are providing essential services during the COVID-19 outbreak. Many schemes designed to support businesses are also available to charities, including the Coronavirus Job Retention Scheme (CJRS).The £750m package was announced on 8 April 2020 and details of how charities are to access the scheme will be released in due course. Charities utilising support for businesses should follow the steps applicable to the relevant scheme. https://www.gov.uk/guidance/coronavirus-covid-19-guidance-for-the-charity-sector#government-financial-support-for-charities