Business Advice on Coronavirus (COVID-19)
Leader of The Council, Cllr John Boyce, addresses the Borough's businesses with an open letter to let them know that the Council's priority is to safeguard as many businesses & jobs in the Borough as possible. Read the full letter.
The Coronavirus (COVID-19) continues to escalate as a global issue.
While the main priority is clearly the well-being of individuals affected by the virus, there is nevertheless a growing impact on business.
The Government has made available a full range of business support measures to UK businesses. This page helps businesses find out how to access the support that has been made available, who is eligible, when the schemes open and how to apply.
The Department for Business, Energy and Industrial Strategy has created a dedicated page for employers and businesses in providing advice about COVID-19. Specific guidance on support provided for businesses can be found here, these measures include:
- a statutory sick pay relief package for SMEs
- a 12-month business rates holiday for all retail, hospitality and leisure businesses in England
- small business grant funding of £10,000 for all business in receipt of small business rate relief or rural rate relief
- grant funding of £25,000 for retail, hospitality and leisure businesses with property with a rateable value between £15,000 and £51,000
- the Coronavirus Business Interruption Loan Scheme to support long-term viable businesses who may need to respond to cash-flow pressures by seeking additional finance
- the HMRC Time To Pay Scheme
The Council is working hard to put in place the package of business rates measures and reliefs announced by the Government, to be provided with updates please add your business below.
Further information and business support and advice can still be accessed through the Leicester and Leicestershire Enterprise Partnership Growth Hub. Members of trade organisations such as the Federation of Small Businesses and the East Midlands Chamber should also be receiving updated advice from these respective bodies.
Federation of Small Businesses
FSB have over 4,500 members in these three counties of Leicestershire, Northamptonshire and Rutland.
They have been working on supporting their members and other struggling small businesses with updates, webinars and 1:1 telephone calls, and are also busy on social media, and print and broadcast media, as well as using their research and members’ case studies to influence policy and lobby for support.
Click to view the FSB Leics Northants & Rutland Area Comms Channels (PDF Document, 726.1 Kb).
Money and Pensions Service (MAPS)
The Money and Pensions Service have added two pages to their website which will be monitored on a regular basis and updated which will provide direct guidance to the public about money in general and then more specific financial guidance and actions that people can take to help themselves.
More Ways for Businesses To Help
A 'Voluntary & Community Hub' initiative has been launched by the Council for those vulnerable residents living within Oadby, Wigston and South Wigston needing additional support during the Coronavirus (COVID-19) pandemic and for those, including business, who want to volunteer their time or services to help those in need across the Borough.
If your business wishes to volunteer, please complete the relevant online form below:
Please note that:
- All volunteers' information will be provided to third-parties (i.e. volunteering organisations sources gathered through this initiative) and vice-versa in order to connect individual volunteers with such volunteering organisations; and
- Individual volunteers must confirm that they are not currently in an ‘at risk’ group (i.e. over 70, living with long term medical condition) and in the event this changes, they will inform the Council immediately to ensure the Council does not inadvertently put volunteers and others at risk.
A list of current grants and funding opportunities is available to help respond to the Covid-19 pandemic, primarily for voluntary & community sector organisations, including charities and social enterprises. Funding which is applicable to Local Authorities includes an asterisk (*). COVID-19 Grants and Funding Opportunities (PDF Document, 203.49 Kb)
Self-employment Income Support Scheme
Central Government has released further support for self-employed through the Self-employment Income Support Scheme.
The Self-employment Income Support Scheme (SEISS) will support self-employed individuals (including members of partnerships) who have lost income due to coronavirus (COVID-19).
This scheme will allow you to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 per month for the next 3 months. This may be extended if needed.
Find out how to claim a grant here.
Leicestershire County Council has established a £1m fund to support the local voluntary and community sector, during the current Coronavirus pandemic. See the Leicestershire Communities website for details.
In response to the Coronavirus outbreak, the Chancellor announced two grants to support businesses through the Covid-19 pandemic.
Small Business Grants
- A grant of £10k for each business that was eligible for relief under the small business rate relief scheme or rural rate relief scheme on March 11th 2020.
Retail, Leisure and Hospitality Grants
- A grant available in the aforementioned sectors of £10k for businesses which had a rateable value of up to £15,000 and were eligible for retail relief on 11th March.
- A grant of £25k for businesses with a rateable value of over £15,000 and less than £51,000 on 11th March.
After you have submitted your completed form, for either grant, we will endeavour to make a payment within 5 working days.
As per Central Government guidance, Oadby and Wigston Borough Council requires information to be completed, via submission of the above form, from eligible businesses in order to complete awards on grant payments.
It is your sole responsibility to ensure that:
- Any information provided by you as part of your claim including but not limited to your bank account details, are correct; and
- You have the relevant power and/or authorisation on behalf of your company to authorise payments into the bank account provided.
In any instances of incorrect payments, Oadby and Wigston Borough shall not be liable to you or be held responsible by you as the recipient. Oadby and Wigston Borough Council reserves the right to clawback any payments made in error, either through system malfunction or provision of incorrect business or banking details.
Oadby and Wigston Borough Council reserve the right to reclaim any funding that is given to you, including but not limited to where the funding is given in error or due to you providing the Council with false and/or misleading information. Oadby and Wigston Borough Council holds the right to undertake further checks to confirm eligibility for the grant and will contact you directly should this be required or there are any matters that we need to discuss regarding your claim.
By completing and submitting the form you are confirming that:
- You are in a position to authorise payments into the referenced bank account and that any fraudulent claims made could result in criminal prosecution and the grant being reclaimed;
- That the bank account details are accurate and that the funds from this grant will be placed into this account;
- You agree and accept that Oadby and Wigston Borough Council does not guarantee any funding;
- You consent to Oadby and Wigston Borough Council processing, within its own organisation, central government and in accordance with the Data Protection Legislation any information that you have provided to them in order to process your claim successfully.
De Montfort University Students offer free remote working support
DMU is keen to know whether their students could provide urgent remote assistance to local SMEs. Their aim is to support the Leicester and Leicestershire community during the Covid-19 crisis. Visit the Leicester & Leicestershire Enterprise Partnership website for details.
Make UK - HR Support
Make UK are offering HR support for businesses during this uncertain time. Visit the Make UK website for more information.
Advice for freelancers and the self-employed
The government will pay self-employed people who have been adversely affected by Coronavirus a taxable grant worth 80% of their average monthly profits over the last three years, up to £2500 a month. This scheme will be open to people across the UK for at least three months and will be extended for longer if necessary. To read more about this please see the IPSE website.
Last updated: Friday, 3 April 2020 3:23 pm