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 fifth grant available. The fifth grant 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.
The 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.
Additional Restrictions Grant (9 August 2021 to 30 September 2021)
A discretionary one-off payment through the Additional Restrictions Grant is now available to some businesses severely impacted, but not forced to close by the Covid-19 pandemic, i.e., current Business Rates payer, running your business from home, mobile home-working or within a flexible working space where your rent/business rates is inclusive. This grant is available from 9 August 2021 to 30 September 2021.
To check whether you are eligible, please refer to our summer scheme before completing an application form.
Our awards panel will review all applications submitted and will decide which ones are approved for funding under the Additional Restrictions Grant. Successful applications will be acknowledged by e-mail, which will confirm the amount of grant funding we will pay by BACS transfer to your bank account.
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.