Here are the latest news and business support updates available
Grant Update - 11th January 2021
The government have announced a range of packages designed to support businesses during this latest lockdown.
Currently, the Council have yet to receive the guidance or the funding for these schemes. When we have developed our schemes based on the guidance and received the funding, we will make businesses aware via our communications channels.
Details of the announced schemes can be found below.
Businesses forced to close can claim grants of up to £3,000 a month. Any business in England forced to close due to national or local restrictions can claim grants per business premises, depending on rateable value.
Businesses with a rateable value of £51,000 or above: £3,000 per month
Businesses with a rateable value between £15,000 and £51,000: £2,000 per month
Businesses with a rateable value of £15,000 or below: £1,334 per month
In addition, retail, hospitality and leisure businesses forced to close can claim a one-off grant of up to £9,000. The grant each business premises will receive depends on their rateable value.
Businesses with a rateable value of £51,000 or above: £9,000
Businesses with a rateable value between £15,000 and £51,000: £6,000
Businesses with a rateable value of £15,000 or below: £4,000
Spelthorne Borough Council may also receive a portion of the additional £500million discretionary funding to support local businesses. The current totals amount is yet to be determined and we will update businesses in due course once we have more information.
All wet-led pubs are to receive £1,000 as a Christmas Support Payment. A wet-led pub is defined as one which makes less than 50 per cent of its turnover from food sales (based on pre-Covid sales data).
Furlough and self-employed
The government have extended the furlough scheme until the end of April 2021. The government will cover the cost of 80 per cent of the wages for hours not worked.
The self-employed scheme has been extended until 2021. Building on the two grants provided since the start of the pandemic, the government is now providing a third grant, covering 80 per cent of average trading profits between November and January 2021, capped at £7,500. A fourth grant will be introduced in due course.
These schemes are managed by the government and businesses are advised to visit their website for further details: www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme
Local Restrictions Support Grants (LRSG) and Additional Restrictions Grant (ARG): guidance for local authorities
This is guidance for local authorities on paying grants to support businesses during the November to December 2020 national lockdown and periods of local restrictions.
Use this business support finder to see what support is available for you and your business.
- Paying your employees
- Paying sick pay
- Paying tax
- Business rates relief
- Business support grant funds
- Support for the self-employed
- Support for small and medium-sized businesses
- Support for large businesses
Help and support if your business is affected by a coronavirus (COVID-19)
Supporting employees if your business is affected by a coronavirus (COVID-19)
- You can sign up for email alerts about live and recorded webinars, YouTube videos and online guidance.
- Coronavirus (COVID-19): helping employers to support employees video
- Register for the next live webinar to get help with how you can support
The Government’s Coronavirus Job Retention Scheme went live today, with businesses able to claim up to £2,500 a month towards staff wages.
This scheme will help large businesses affected by a coronavirus (COVID-19) to
Federation of Small Businesses - Coronavirus (COVID-19): Advice and guidance for small businesses and the self-employed HERE:
Follow FSB on social media:
- Twitter: @FSB_Policy and @FSBSurrey
- Facebook: Federation of Small Businesses
- Instagram: fsb_uk
- LinkedIn: Federation of Small Businesses