Coronavirus Job Retention Scheme (Furlough)
Employers in the UK can claim up to 80% of their employees wages via the government's Coronavirus Job Retention Scheme.
Employees must apply for the scheme via their employer and can check their employer's eligibility at www.gov.uk/guidance/check-if-you-could-be-covered-by-the-coronavirus-job-retention-scheme
Employers can find all the information they need and make a claim on behalf of their employees at www.gov.uk/guidance/claim-for-wages-through-the-coronavirus-job-retention-scheme
The scheme is currently set to run until the end of October 2020.
Register for a Business Grant from Bath & North East Somerset Council
In response to the Coronavirus (COVID-19) pandemic, the Government announced there would be support for small businesses and businesses in the retail, hospitality and leisure sectors. This support will take the form of two grant funding schemes, the Small Business Grant Fund and the Retail, Hospitality and Leisure Grant.
Self-employed invited to get ready to make their claims for coronavirus (COVID-19) support
The government is inviting self-employed people to check if they are eligible for the Self-Employment Income Support Scheme (SEISS). If eligible, claimants will be able to claim a taxable grant worth 80% of their average trading profits up to a maximum of £7,500 (equivalent to three months’ profits), paid in a single instalment.
Keynsham Virtual high Street
A Facebook group promoting local businesses and the services and products they are still able to offer whilst their premises are closed to the public.
Invest in Bath (Bath & North East Somerset Council)
The Invest in Bath website has a new section, which is being regularly updated, dedicated to business support available during the Corona Virus pandemic.
You can also sign up to the Invest in Bath Newsletter to keep up with the very latest updates
Sign up to the Invest in Bath Newsletter
Read the latest edition now (April 2020)
Coronavirus Bounce Back Load scheme
From Monday 4th May 2020 small to medium-size businesses will be able to borrow up to £50,000 with the Government's Coronavirus Bounce Back Loan scheme. There won’t be any fees or interest to pay for the first 12 months and the Governent will guarantee 100% of the loans. No repayments will be due for the first 12 months and terms will be up to 6 years. The Government will work with lenders to agree a low rate of interest for the remaining period of the loan. You can find all the full details on the application page.
West of England Growth Hub - COVID19
The West of England Growth Hub has lots of information about support and funding available to businesses to help cope with the COVID-19 pandemic. You can also sign up to their newsletter which lists new funding and support as it becomes available.
You can keep up to date by registering with the Growth Hub and signing up to their newsletter.
Coronavirus Business Financial Support Finder Tool
The Government has launched an online tool to help employers and the self-employed find coronavirus financial support. The support finder will show which loans, tax relief and cash grants that businesses can access.
HM Government Coronavirus Business Support Hub
There are a range of measures and schemes available to businesses such as grant funding, business rate relief and loans. You can find out the latest updates on our Growth Hub Covid-19 business support pages and further details on the Government’s Coronavirus Business Support Hub.
HMRC COVID-19 Job Retention Scheme webinar
HMRC has produced a webinar giving guidance on the Job Retention Scheme. The webinar includes information on furloughed workers, scheme eligibility, how to calculate a claim and more.
Innovation, research and development funding
Businesses driving innovation and development will be helped through the coronavirus outbreak with a £1.25 billion Government support package. This includes £750 million of targeted support for small and medium-sized businesses focusing on research and development.
The Department of Education have created a page on their website with links to free courses and resources to help improve digital and numeracy skills. The courses cover a variety of topics, and cater for complete beginners right through to more advanced learners.