FOR THE VERY LATEST UPDATES GO TO:
06/04/2021 – Recovery Loan Scheme
The Recovery Loan Scheme is to help businesses of any size access loans and other kinds of finance so they can recover after the pandemic and transition period.
Up to £10 million is available per business. The actual amount offered and the terms are at the discretion of participating lenders.
The government guarantees 80% of the finance to the lender. As the borrower, you are always 100% liable for the debt.
The scheme is open until 31 December 2021, subject to review.
Loans are available through a network of accredited lenders, listed on the British Business Bank’s website.
For more details click here.
04/03/2021 – The Budget and business support 2021
17/12/20 – Furlough Scheme to be Extended
16/10/20 – Test and trace support payment.
24/09/20 – Government’s Winter Economy Plan.
18/08/2020 – New government grants for SMEs via Growth Hub
10/07/2020 – A plan for jobs 2020
22/06/2020 – CWRT Coronavirus business interruption loan scheme
01/06/2020 – Extension of self-employment support scheme
26/05/2020 – Timeline for retail reopening is set
12/05/2020 – Chancellor extends furlough scheme until October
04/05/2020 – Top-up to Local Business Grant Fund Scheme
04/05/2020 – Small Business Bounce Back Loans
20/04/2020 – Coronavirus Job Retention Scheme updates
GOVERNMENT SUPPORT AND ADVICE
Businesses in the UK who have been affected, or feel they are likely to be affected by Coronavirus, are urged to seek advice and the government has supplied a series of resources to inform employers on the latest developments and advise on protecting themselves and their employees.
Find Guidance for Employers, Businesses & the Self Employed
The government and health services are currently working to a phased approach. To find out more about this phased approach Click Here.
The Government’s Business Support website provides really concise information about the financial support measures that are available as well as other useful support for businesses from outside of the Government.
Sign up to the regular Coronavirus Business Support bulletin here.
Other useful contacts:
COVENTRY & WARWICKSHIRE LEP GROWTH HUB
The CW LEP Growth Hub team are keeping up to date with developments and are fully prepared to advise businesses in the area, in whatever capacity we can. If you feel your business has been affected by coronavirus, whether you are experiencing supply chain issues, order or booking cancellations, a reduction in sales, or any other challenge, they would urge you to get in touch.
To let them know the challenges you are facing, or to arrange a call from one of the team, please complete this short Coronavirus Impact Survey. The details you provide about the effects Coronavirus is having on your business will be communicated to the government and help to formulate further guidance and support for UK businesses.
There are additional resources available at the Growth Hub’s dedicated Coronavirus Information Page including regular updates and further links and reading.
COVENTRY & WARWICKSHIRE CHAMBER OF COMMERCE
FEDERATION OF SMALL BUSINESSES
0808 20 20 888
@FSBWarksandCov and @FSBWestMids
Here are some useful links at the VisitBritain tourism and business events advice hub:
WARWICKSHIRE COUNTY COUNCIL
The County Council’s guidance for businesses can be found here: https://www.warwickshire.gov.uk/coronavirusbusinesssupport
Sign up to their Warwickshire Means Business Newsletter here.
WARWICKSHIRE RURAL HUB
Aimed at supporting farming and rural businesses in particular:
SMALL BUSINESS BRITAIN
Affiliated to Small Business Saturday, Small Business Britain is the UK’s leading champion for small businesses. Sign up here to find out more about their activities and how to get involved. They are currently running an impressive programme of Daily Facebook Lives sharing expert small business advice and support.
Coronavirus is affecting our lives and our businesses. And being asked to stay at home or avoid other people might feel difficult or stressful. But there are lots of things you can try that could help your wellbeing.