Last Updated: 20/01/2021
The Council aim to verify and process payments as quickly as possible. Once the payment has been processed you will receive an email to confirm when to expect your payment. Please bear with them – they will be doing this as quickly as possible.
If you cannot maintain your workforce because your operations have been affected by coronavirus (COVID-19), you can furlough employees and apply for a grant to cover a portion of their usual monthly wage costs where you record them as being on furlough. The Coronavirus Job Retention Scheme has been extended until 30 April 2021. You can claim 80% of an employee’s usual salary for hours not worked, up to a maximum of £2,500 per month.
If you are an employer looking to create 30 or more jobs placements for young people, apply for funding as part of the Kickstart Scheme. The Kickstart Scheme provides funding to create new job placements for 16 to 24 year olds on Universal Credit who are at risk of long term unemployment. Employers of all sizes can apply for funding. Employers can spread the start date of the job placements up until the end of December 2021.
If you are an employer looking to create 29 or less jobs placements for young people, apply for funding as part of the Kickstart Scheme. The Kickstart Scheme provides funding to create new job placements for 16 to 24 year olds on Universal Credit who are at risk of long term unemployment. Employers of all sizes can apply for funding. Employers can spread the start date of the job placements up until the end of December 2021.
The Coronavirus Statutory Sick Pay Rebate Scheme will repay employers the Statutory Sick Pay paid to current or former employees. The scheme covers all types of employment contracts, including: full-time employees; part-time employees; employees on agency contracts; employees on flexible or zero-hour contracts; fixed term contracts (until the date their contract ends). You can claim back coronavirus-related Statutory Sick Pay using the online service.
If you deferred VAT between 20 March and 30 June 2020 and still have payments to make, you can: pay the deferred VAT in full on or before 31 March 2021; opt in to the VAT deferral new payment scheme when it launches in 2021; contact HMRC if you need more help to pay. Instead of paying the full amount by the end of March 2021, you can make up to 11 smaller monthly instalments, interest free. All instalments must be paid by the end of March 2022.
The scheme helps small and medium-sized businesses to access loans and other kinds of finance up to £5 million. The government guarantees 80% of the finance to the lender and pays interest and any fees for the first 12 months. The scheme is open until 31 March 2021.
The Future Fund provides government loans to UK-based companies ranging from £125,000 to £5 million, subject to at least equal match funding from private investors. These convertible loans may be an option for businesses that rely on equity investment and are unable to access other government business support programmes because they are either pre-revenue or pre-profit. The scheme is open for applications until 31 January 2021.
The scheme helps small and medium-sized businesses to borrow between £2,000 and up to 25% of their turnover. The maximum loan available is £50,000. The government guarantees 100% of the loan and there won’t be any fees or interest to pay for the first 12 months. After 12 months the interest rate will be 2.5% a year. The scheme is open to applications until 31 March 2021.
The scheme helps medium and large sized businesses to access loans and other kinds of finance up to £200 million. The government guarantees 80% of the finance to the lender. The scheme is open to applications until 31 March 2021.
Under the COVID-19 Corporate Financing Facility (CCFF), the Bank of England will buy short-term debt from large companies. This scheme will support your company if it’s been affected by a short-term funding squeeze, and allow you to finance your short-term liabilities. The scheme is delivered through commercial lenders, backed by the Bank of England. It will operate for at least 12 months, and for as long as steps are needed to relieve cash flow pressures on firms that make a material contribution to the UK economy.
- SOLIHULL COUNCIL: To speak to a member of Solihull Council's Business Investment team, please call 0121 704 6151/0121 704 6167 or 0121 704 6920 or email firstname.lastname@example.org.
- GREATER BIRMINGHAM & SOLIHULL GROWTH HUB: If your Business has been affected by COVID-19 (whether it's a supply chain issue, problems exporting goods or staffing concerns) please get in touch with the Greater Birmingham & Solihull Growth Hub by emailing email@example.com or call 0800 032 3488. Their business resilience Account Managers will discuss with you how their services may be able to help your business throughout this period.
- GREATER BIRMINGHAM & SOLIHULL LOCAL ENTERPRISE PARTNERSHIP: The Your Step Forward website has support for retailers, including getting online and retail recovery planning – offering free webinars and 1:1 support.
- FEDERATION OF SMALL BUSINESSES: For small businesses and the self-employed, the Federation of Small Businesses have information and guidance on their web pages.