Advice for businesses and the self-employed

Restart Grant Scheme

The Restart Grant scheme allocates one-off grants of up to £6,000 to non-essential retail business premises, to help them reopen safely. 

Up to £18,000 will be allocated to hospitality, accommodation, leisure, personal care and gym business premises, which may open later under plans set out in the roadmap and will be impacted more by restrictions when they do reopen.

We have listed some indicators below to help you assess whether your business can be defined as trading to qualify for the grant scheme. 

  • The business has staff on furlough.
  • The business continues to trade online, via click and collect services etc.
  • The business is not in liquidation, dissolved, struck off or subject to a striking of notice or under notice.
  • The business is engaged in business activity, managing accounts, preparing for reopening, planning and implementing Covid-safe measures.

This list of indicators is not exhaustive and we will use their discretion to determine if a business is trading.

Non-essential retail premises

  • Businesses with a rateable value of exactly £15,000 or under on 1 April 2021 will receive a payment of £2,667.
  • Businesses with a rateable value over £15,000 and less than £51,000 on 1 April 2021 will receive a payment of £4,000.
  • Businesses with a rateable value of exactly £51,000 or over on 1 April 2021 will receive a payment of £6,000.

Hospitality, accommodation, leisure, personal care and gym business premises

  • Businesses with a rateable value of exactly £15,000 or under on 1 April 2021 will receive a payment of £8,000.
  • Businesses with a rateable value over £15,000 and less than £51,000 on 1 April 2021 will receive a payment of £12,000.
  • Businesses with a rateable value of exactly £51,000 or over on 1 April 2021 will receive a payment of £18,000.

To apply for the grant, please complete the application form.

The closing date for this scheme is 30 June 2021 and final payments must be made by 31 July 2021.

Other financial support for businesses

Claim for wages through the Coronavirus Job Retention Scheme

The Coronavirus Job Retention Scheme, known as the furlough scheme, will now remain open until 30 September 2021. Under the scheme, eligible employees will receive 80% of their current salary for hours not worked, up to a maximum of £2,500.

Her Majesty's Revenue and Customs is administering the scheme and has published a step by step guide for employers.

The Job Support Scheme, which was due to replace the Coronavirus Job Retention Scheme, will now come into effect when the Coronavirus Job Retention Scheme ends.

Support for the self-employed

The Self-Employment Income Support Scheme will continue until September 2021 with a fourth and fifth grant available. The fourth and fifth grants will take into account 2019 to 2020 tax returns and will also be open to those who became self-employed in the 2019 to 2020 tax year. This means some people may be able to claim, even if they were not eligible for previous grants.

Under the fourth grant, eligible people will receive a taxable grant, calculated on 80% of three months' average trading profits, paid in a single payment and capped at £7,500 in total. This grant will be available to claim by late April and applications must be made by 31 May 2021. Her Majesty's Revenue & Customs will contact people from mid-April if it believes they are eligible.

There will be a fifth and final grant, covering the period between May and September, which eligible people will be able to claim from late July. This grant will be worth 80% of three months' average trading profits, capped at £7,500 for those with a reduction in turnover of 30% or more. For those with a reduction in turnover of less than 30%, the grant will be worth 30% of three months' average trading profits.

Hardship relief

If your business does not qualify for financial support and is affected by COVID-19, we do have the discretion to give hardship relief. Please complete our application form.

Businesses support finder

The government's online platform can help businesses easily access the financial support they are eligible for during the Covid-19 pandemic. Businesses may be eligible for loans, tax relief and cash grants and by filling out a simple questionnaire, the business support finder will signpost business owners and the self-employed to relevant government financial support.

Business support from Coast to Capital’s Growth Hub 

Coast to Capital Growth Hub advisers are available to businesses for initial telephone discussions and signposting for specialist financial advice. Businesses should contact the Coast to Capital Growth Hub via e-mail or visit their Business Support page. Find out more about Coast to Capital's operational response.

Business Improvement Districts (BIDs)

Contact either the Caterham Business Improvement District (BID) and the Oxted Business Improvement District (BID) for additional information and support.

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