Business support during the coronavirus outbreak
Apply for grant funding, find advice and get support for your business.
The government have launched a new tool to help you find coronavirus financial support for your business. You may be eligible for loans, tax relief and cash grants; this support finder will help you to see what support is available for you and your business.
Free business support from Essex County Council
Get free advice and support for your business to help it grow during the COVID-19 pandemic and beyond. This is a fully-funded service offered by Essex County Council and provided via Back to Business Essex.
Business Growth Grant
From Monday 15 June the South East Business Boost Growth Grant scheme is open for applications from small to medium sized businesses for grants to fund up to 30% of the total cost of purchasing a wide range of capital items related to increasing sales, improving productivity and boosting profitability.
Bounce Back Loan Scheme (BBLS)
The Bounce Back Loan Scheme (BBLS) is a new scheme designed to enable businesses to access finance more quickly during the coronavirus outbreak.
Support for self employed people
If you're self-employed or a member of a partnership in the UK and have lost income due to coronavirus (COVID-19) there there is funding and information available to support you.
Schemes available though the council
Through us, the government has made two grants available to retail, hospitality and leisure businesses. Additionally, some businesses are entitled to a bushiness rates holiday.
Local Authority Discretionary Grant Fund
The government has announced top-up funding to allow councils to make grant payments to businesses that have not been able to access support through other COVID-19 related grant schemes.
Grants of up to £10,000 will be available, and in exceptional circumstances a grant of £25,000 could be paid out. Applications close on Sunday 21 June.
Small business, retail, hospitality and leisure grants fund
There are two grant funding schemes:
- £10,000 under the Small Business Grant Fund
- Either £10,000 or £25,000 under the Retail, Hospitality and Leisure Grant Fund
Business rates relief
Retail rates relief
Businesses in the retail, hospitality, and leisure sectors will pay no business rates in 2020-21.
You could qualify for retail discount if your business is a:
- Restaurant, café, bar or pub
- Cinema or music venue
- Hospitality or leisure business - for example, a gym, a spa, a casino or a hotel
Relief for child care providers
Nurseries will not have to pay businesses rates for one year commencing April 2020.
Contact us to find out if you're eligible or you can your check eligibility for the retail, hospitality and leisure scheme and eligibility for the nursery scheme on the government website.
If you're eligible, you could get 100% off your business rates bill for the 2020 to 2021 tax year (1 April 2020 to 31 March 2021).
You can get the retail discount on top of any other business rates relief you're eligible for.
Loans, support and advice
The British Business Bank has a Coronavirus Business Interruption Loan Scheme offering loans of up to £5 million for SMEs.
The Bank of England has launched a COVID Corporate Financing Facility (CCFF) to help support liquidity among larger firms, helping them bridge coronavirus disruption to their cash flows through loans.
Because of coronavirus you may be able to delay (defer) some tax payments without paying a penalty to HM Revenue and Customs (HMRC).
The BEST Growth Hub has a wide range of advice and guidance available to help businesses and employers.