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.
Business Restart Grant Scheme
On 3 March, the Chancellor announced further business grant funding for councils to support businesses affected by the Coronavirus pandemic.
The ‘Restart Grant’ will support non-essential retail premises with one-off grants of up to £6,000 in Strand One of the Restart Grant.
Applications for this scheme are open until 30 June 2021.
Lockdown Support Grants for businesses and other organisations
If your business has been CLOSED due to the Government’s Covid-19 restrictions or is still OPEN but has suffered a loss of income because of those restrictions, you may be entitled to immediate financial support. This support is available for qualifying charities, community interest companies or other income-generating organisations.
- If you are a Business Rates payer in Worcester and your business was required to CLOSE from January 5, or if your business is currently only able to provide takeaway services or 'Click and Collect', go to our Lockdown Support Grant page and apply under National Lockdown Business Support Grant 16 February to 31 March 2021.
Please note that all other Covid-19 business support grants for periods BEFORE 16 February have now closed.
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.