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COVID-19 Advice for Businesses

The latest Business news from Flintshire County Council:

Grants for Business

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Please find below links to official advice in relation to the Coronavirus Covid-19. 

Please read the information carefully and we will endeavour to update you as and when we have any more information.

 

Central Government Updates

official advice in relation to the Coronavirus Covid-19. 

Please read the information carefully and we will endeavour to update you as and when we have any more information.

Central Government Updates

https://www.gov.uk/government/topical-events/coronavirus-covid-19-uk-government-response

NHS Updates

https://www.nhs.uk/conditions/coronavirus-covid-19/

Advice for employers on dealing with coronavirus and supporting your employees

https://www.acas.org.uk/coronavirus

Welsh Government Updates

https://gov.wales/coronavirus-covid-19-support-businesses

Business Wales Updates

https://businesswales.gov.wales/coronavirus-advice

FOR ALL BUSINESSES

Business Interruption Loan

The Coronavirus Business Interruption Loan Scheme (CBILS) supports a wide range of business finance products, including term loans, overdrafts, invoice finance and asset finance facilities 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. The CBILS website is the best source of up to date information.

HMRC Support

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). For further information please visit the GOV.UK website.

https://www.gov.uk/government/news/tax-helpline-to-support-businesses-affected-by-coronavirus-covid-19

Coronavirus Job Retention Scheme

Under the Coronavirus Job Retention Scheme, all UK employers will be able to access support to continue paying part of their employees’ salary for those employees that would otherwise have been laid off during this crisis, all UK businesses are eligible.

To access the scheme businesses will need to :

  • designate affected employees as ‘furloughed workers,’ and notify your employees of this change - changing the status of employees remains subject to existing employment law and, depending on the employment contract, may be subject to negotiation
  • submit information to HMRC about the employees that have been furloughed and their earnings through a new online portal, this portal is not yet in place and we will publish details as soon as they are available (HMRC will set out further details on the information required)

HMRC will reimburse 80% of furloughed workers wage costs, up to a cap of £2,500 per month. HMRC are working urgently to set up a system for reimbursement. Existing systems are not set up to facilitate payments to employers.  More information will be available from

https://businesswales.gov.wales/government-support-businesses

Statutory Sick Pay Support

The UK Government is bringing forward legislation to allow small and medium-sized businesses and employers to reclaim Statutory Sick Pay (SSP) paid for sickness absence due to coronavirus. The eligibility criteria for the scheme will be as follows:

  • this refund will cover up to two weeks’ SSP per eligible employee who has been off work because of COVID-19
  • employers with fewer than 250 employees will be eligible - the size of an employer will be determined by the number of people they employed as of 28 February 2020
  • employers will be able to reclaim expenditure for any employee who has claimed SSP (according to the new eligibility criteria) as a result of COVID-19
  • employers should maintain records of staff absences and payments of SSP, but employees will not need to provide a GP fit note
  • the eligible period for the scheme will commence the day after the regulations on the extension of Statutory Sick Pay to those staying at home comes into force
  • the government will work with employers over the coming months to set up the repayment mechanism for employers as soon as possible

FOR RETAIL, LEISURE AND HOSPITALITY AND SMALL BUSINESSES

Welsh Government have announced that all retail, leisure and hospitality businesses with a rateable value under £500,000 will now receive 100% non-domestic rates relief in 2020-21.

This is in addition to the existing Small Business Rates Relief schemes.
Additionally, Welsh Government has introduced two grants to support businesses in Wales through the Coronavirus pandemic. These grants are available to businesses that are registered to pay rates and occupying their premises on or before 20 March 2020.

The Welsh Government is working in partnership with local authorities to deliver the grants to qualifying businesses.

Grant 1: A grant of £25,000 is being made available for retail, leisure and hospitality businesses occupying properties with a rateable value of between £12,001 and £51,000.
This means businesses that occupy properties such as shops, restaurants, cafes, drinking establishments, cinemas, live music venues, hotels, guest and boarding premises and self-catering accommodation.

Grant 2: A £10,000 grant to all businesses eligible for small business rates relief (SBRR) in Wales with a rateable value of £12,000 or less.
Please note that the multiple property restriction which applies to Small Business Rates Relief also applies to this grant. Therefore, the same ratepayer may only receive the grant for a maximum of two properties in each local authority area.

Flintshire County Council will be endeavouring to administer these grants automatically, however if you wish to complete our form to ensure you meet the criteria and receive the relief and/or grant, please complete the applications below:

To apply for retail relief please click here
To apply for business support grant please click here

FOR CHARITABLE ORGANISATIONS

https://www.civilsociety.co.uk/news/coronavirus-what-charities-need-to-know.html

 

THE DEVELOPMENT BANK OF WALES

The Development Bank of Wales are offering a three-month capital repayment holiday to their customers to help manage cash flow as the Coronavirus continues to develop.

https://developmentbank.wales/coronavirus-support-welsh-businesses

The Welsh Government and the Development Bank of Wales have announced the £100m Covid-19 Wales Business Loan Scheme to support businesses affected by the Covid-19 outbreak.

The Scheme will be available from the Development Bank of Wales for a limited period. It is intended to provide support to businesses who are experiencing cash flow difficulties as a result of the pandemic.

The loan scheme will work alongside the UK wide Coronavirus Business Interruption Loan Scheme, other Welsh Government and UK Government support offers, providing more vital options for Welsh businesses.

Key features

  • Loans between £5,000 to £250,000, maximum loan levels apply
  • 12-month capital and interest repayment holiday
  • No arrangement or monitoring fees
  • 2% interest fixed for 6 years (includes the 12 month holiday)
  • Partially secured lending depending on the size of the loan, see below for details

Who can apply?

All Wales based SMEs who have been trading 2 years or longer including sole traders and partnerships. 

Further details on the fund and how to apply can be found here.

SUPPORT AND ADVICE FOR SELF EMPLOYED

Please see the latest information and support for self-employed businesses and entrepreneurs here.

 

GENERAL SUPPORT FOR YOU DURING COVID-19 PANDEMIC

Have you been effected by the current pandemic sweeping the country? For information on employment, mentoring, citizens advice, benefits, family information services and housing please follow this link.

 

FOR EMPLOYERS INTRODUCING HOME/FLEXIBLE WORKING

Information on Home/ Flexible working.

https://businesswales.itinfohub.co.uk/topics/flexible-working/introducing-homeworking-checklist

 

COVID-19 BUSINESS SUPPORT DIRECTORY

Related Pages

Useful Websites

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