Grants are available for businesses affected by coronavirus restrictions from November 2020 onwards.
Local restrictions support grant (LRSG)
If your business has been affected by the local restrictions imposed by government, then you may be entitled to the local restrictions support grant.
Additional restrictions grant
The additional restrictions grant is aimed at businesses that are not eligible for a local restrictions support grant.
This additional fund is aimed at businesses with ongoing fixed property-related costs.
Coronavirus job retention scheme
The coronavirus job retention scheme is available to employers during the new restrictions that began on 5 November.
Workers in any part of the UK can retain their job, even if their employer cannot afford to pay them, and be paid at least 80% of their salary up to £2500 a month.
The flexibility of the current coronavirus job retention scheme has been retained to allow employees to continue to work where they can.
Employers small or large, charitable or non-profit are eligible and because more businesses will need to close, they will now be asked to pay just national insurance and pensions contributions for their staff during the month of November.
The job support scheme (previously announced by the government) will not be introduced until after the coronavirus job retention scheme ends.
Other financial support for businesses during coronavirus
The government has put together a range of support for businesses which are collated on the GOV.UK website.
Support is available for:
- paying your employees
- paying sick pay
- paying tax
- business rates relief
- support for the self-employed
- support for small and medium-sized businesses
- support for large businesses
- support for businesses during local lockdowns
Non-essential retailers may benefit from developing an online store to enable them to continue trading during coronavirus restrictions.
If you don’t already have an online store for your business, free advice and step-by-step store builders are available, including:
These businesses are not endorsed by the council.
Once you’ve sorted out your online store, delivery and click-and-collect must be organised in a COVID-secure way. You may need to look at specific guidance for vehicles and other areas if you are changing your business model.
If the schemes above don't apply to you
The schemes currently announced by the government will not apply to every business and every employee.
If you do not qualify, you may wish to consider applying for Universal Credit.
Support from Solent LEP
The Solent Growth Hub has a dedicated page to provide the latest government advice.To speak with a business support advisor, please email email@example.com or call 023 9268 8055.
eBay, the global commerce leader connecting millions of buyers and sellers around the world, is hosting two free Online Digital Skills Workshops for businesses in the Solent region. Find out more about these workshops and sign-up via the Solent LEP website.
Look after yourself
These are very stressful times for business owners, employees and those out of work. Please visit our mental health support page for links to organisations that may be able to help you.
If you would like further information on the schemes detailed above, you can contact the Economic Development team by email at firstname.lastname@example.org