Government support

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.

These summary documents outline the Government plan to tackle the Coronavirus.

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.

Advice on business finance options

This support is for larger firms through the COVID-19 Corporate Financing Facility

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 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)

Use this scheme if you’re self-employed or a member of a partnership and have lost income due to coronavirus.

What you need to know in relation to your employees during this period.

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).

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.

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.

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.

Nurseries will also receive a business rates holiday for the 2020 to 2021 tax year.

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.

CCS is also offering support to its customers as detailed here.