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.
Discretionary Business Restart Grant Scheme
This scheme is for businesses and organisations which were not eligible for the Business Restart Grant.
The Discretionary Restart Grant will support premises-based businesses and organisations that meet the eligibility criteria. These are businesses that either operate within their own premises or their client’s premises. For those businesses which operate at events, this also includes temporary structures and defined open space which are within the operating boundary of the event.
Applications are open until 31 January 2022. Worcester City Council will close the scheme earlier than this date if all the funding has been allocated.
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.