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Business Financial Support

Once validated, we are aiming to process claims for the business grants within 10 working days. If you have recently completed a Business Rates Occupation/Vacation form and Small Business Rate Relief form then it will take longer than the 10 working days to process your grant application.  Please be assured we are working as quickly as possible to complete all requests.

Find what Coronavirus support for employers and the self-employed is available to you via the Governments Support finder. You may be eligible for loans, tax relief and cash grants.

From Thursday 5 November 2020 the government has announced a month-long lockdown across the whole of England. The new national lockdown rules will replace the tier 2 high alert measures across the area.

You can find out what restrictions are in place and more about businesses that need to close via gov.uk.


Business Rates Support Grant

The Government has announced a series of new grants to be made available to businesses - both mandatory and discretionary. 

We have now launched the mandatory Local Restrictions Support Grant scheme.

The mandatory Local Restrictions Support Scheme is for Businesses:

  • who are liable for Business Rates AND:
  • are legally required to close during the second national lockdown from 5th November 2020 AND/OR
  • who are in sectors that have not been authorised to open since the first lockdown period (e.g. Nightclubs)

Please see our FAQ document [250KB] for more information on this scheme.

We are still working on the discretionary Local Restriction Support Grant scheme - the Council is currently working through the guidance and will provide details on the application process as soon as possible.  We appreciate that businesses really need this financial support and are working to ensure the application process is as simple as possible so funding can be issued to businesses quickly.  As soon as we're ready to launch the discretionary grants schemes, we will provide information on our website, so please keep checking this webpage.

There's more information about this additional support on the Gov.uk website.


Business Rates Flexible Payments

The Council is committed to supporting businesses where possible in easing financial pressures during these unprecedented times. 

Under normal circumstances, business rates instalments commence in April through to January. Recognising the current exceptional circumstance if you are unable to pay your instalments at this time we can offer to defer your first instalment until 1 August and extend your payments through until March.

Please complete this form to request this payment plan.


Business Interruption Loan Scheme

The Coronavirus Business Interruption Loan Scheme (CBILS) is open for applications today and can provide facilities of up to £5m for smaller businesses across the UK who are experiencing lost or deferred revenues, leading to disruptions to their cashflow.

Delivered by the British Business Bank, the Coronavirus Business Interruption Loan Scheme will support the continued provision of finance to UK smaller businesses (SMEs) during the Covid-19 outbreak.

CBILS is available through the British Business Bank's 40+ accredited lenders and partners, which are listed on the British Business Bank website.


 

If you need to contact the council for help and advice during the current situation please Contact Regeneration