Current Covid-19 information and support available from the Government
Government policy on the Coronavirus is evolving as the situation changes. We will update this page as new measures are announced.
Innovate UK- Dedicated Scaleup Advisers
Scaling, innovative businesses across England, Wales and Northern Ireland can contact Innovate UK led Enterprise European Network (EEN) for support. EEN is a network of specialist, regionally located advisers which supports high-growth innovation-led companies. Please register here at the Dedicated Contact Line to connect to your local specialist.
Coronavirus (COVID-19) action plan
These summary documents outline the Government plan to tackle the Coronavirus.
The UK Government £1.25BN package for start-ups and scale-ups – Panel session
Watch a replay of our panel session on the new government support for start-ups and scale-ups with Ben Davey, CEO of Barclays Ventures, Benjamin Storey, Business Insights and Funding Solutions for Barclays Ventures, John Spindler, CEO of Capital Enterprise, Irene Graham OBE, CEO of ScaleUp Institute, Dr Ian Campbell, Executive Chair for Innovate UK and Juliet Rogan, Head of High Growth and Entrepreneurs, Barclays UK.
British Business Bank – Bounce Bank Loan Scheme, CBILS, CLBILS & Future Fund
The Coronavirus Business Interruption Loan Schemes and Fund are designed to support UK businesses that are losing revenue and seeing their cashflow disrupted as a result of the COVID-19 outbreak.
The Bank of England Covid Corporate Financing Facility (CCFF)
This support is for larger firms through the COVID-19 Corporate Financing Facility
Cash Grants have been made available for Small Businesses and those in the Retail, Hospitality and Leisure sectors
Small Business Grants (£10,000) will be distributed by local authorities to eligible businesses in England, Scotland, Wales and Northern Ireland. Retail, hospitality and leisure businesses can obtain grants up to £25,000. Businesses should check their local authority’s website for further details on these schemes and how to apply.
HMRC Coronavirus tax helpline
HMRC has a set up a phone helpline to support businesses and self-employed people concerned about not being able to pay their tax due to coronavirus (COVID-19)
Guidance for employers and businesses on coronavirus (COVID-19)
What you need to know in relation to your employees during this period.
Claim for wages through the Coronavirus Job Retention Scheme
Claim for 80% of your employee’s wages plus any employer National Insurance and pension contributions, if you have put them on furlough because of coronavirus (COVID-19).
The government’s Coronavirus Job Retention Scheme will remain open until the end of October, the Chancellor announced today (Tuesday 12 May 2020).
Support for businesses through deferring VAT and Income Tax payments
Government has deferred Valued Added Tax (VAT) payments for 3 months from 20 March 2020 until 30 June 2020. No application is necessary to take advantage of this. Accrued tax will be due at the end of the 2020 to 2021 tax year.
Income Tax payments due in July 2020 under the Self-Assessment system may also be deferred until January 2021.
Support for businesses paying tax: Time to Pay service
On a case by case basis, some businesses may be eligible to receive support with tax that is due. This is further explained here and through the HMRC link above.
Support for retail, hospitality and leisure businesses that pay business rates
There is a business rates holiday for retail, hospitality and leisure businesses in England for the 2020 to 2021 tax year. No action needs to be taken and this will be applied to your next council tax bill.
Government Procurement Policy Note – Responding to COVID-19
Government has issued a Procurement Policy Note to contracting authorities which outlines that in these exceptional circumstances, authorities may need to procure goods, services and works with extreme urgency.
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