Since the start of the Coronavirus pandemic, the Government have introduced a number of schemes to support businesses. Find further information on the support currently available to businesses.
Business Rate Relief
Business rates reliefs will be provided automatically through the Business Rates billing system. Eligible businesses will be sent new bills in due course and any rates already paid for 2020/21 will be refunded.
The Government is applying to the EU to remove any State Aid limits which might otherwise reduce the amount of rates relief that could be awarded.
A further £500m Hardship Fund for local authorities was also announced in the Budget which will be used to support individuals struggling financially as a result of the pandemic.
Lockdown grant from 6 January 2021
We are awaiting Government guidance on financial support to businesses on the new lockdown from 6 January 2021. Meanwhile, if your business was affected by local restrictions that applied under Tier Two and Tier Three up to 4 January 2021 then you can still apply for support below.
National grants provision Tier Two and Tier Three
On 2 December 2020, Worcester was placed in Tier Two, and on 31 December, Worcester was placed in Tier 3 under the national Covid regulations. The Government has made financial support available for businesses affected by the move to Tier Two and Tier Three.
Christmas Support Payment for ‘Wet-Led’ Pubs
A £1,000 Christmas grant is available to “wet-led” pubs which have had to close under the Tier Two arrangements in Worcester.
“Wet-led” pubs are those that predominantly serve alcohol rather than provide food, and which are therefore not allowed to open under Tier Two regulations.
National grants provision from 5 November to 2 December
The Government previously announced further grant funding to support businesses affected by the national lockdown from Thursday 5 November – Wednesday 2 December.
The Local Restrictions Support Grant is for businesses in a rateable value property that were required to close under the national lockdown. During this period a single grant to cover the four-week period is payable to each eligible business.
Local Restrictions Discretionary Grant (Recovery)
The Council has agreed a further scheme for businesses that have sustained an ongoing impact from COVID-19 which has affected their sustainability.
Further details for this scheme will be available in January 2021.
Please refer back to this web page later, or be kept up to date with all of the City Council’s business initiatives, please subscribe to our business newsletter
Low-interest Business Interruption Loan Scheme
The Chancellor also announced the availability of low-interest loans of up to £5m, to help small and medium-sized enterprises with their cashflow and other loans for larger businesses. This has been coordinated by the British Business Bank.
The Government has also introduced the Bounce Back Loan Scheme (BBLS) to enable smaller businesses to access finance more quickly during the coronavirus outbreak.
Worcestershire County Council has launched its new Here2Help Business programme response to the COVID-19 pandemic. The £3m programme is designed to assist local Worcestershire Businesses to recover, adapt, develop and support future resilience as lockdown measures reduce.
Worcestershire Business Central
The Worcestershire Business Central website provides a comprehensive overview of local and national help and support. This includes support and funding, workplace guidance and webinars.
Subscribe to our Business Newsletter
The City Council's Economic Development Team will be issuing regular updates on business support and advice during the Coronavirus outbreak. You can subscribe to our Coronavirus Business Newsletter here.