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Finance support for businesses

Businesses that need advice can call the government’s Business Support Helpline on FREEPHONE 0800 998 1098. The helpline is open Monday to Friday, 9am to 9pm. The GOV.UK website provides specific information for employers and businesses. The London Growth Hub and the Federation of Small Businesses has advice for small businesses.

In December 2021, the Government announced additional financial support for businesses most impacted by Omicron.

We will will update this page as soon as possible with more information regarding criteria, eligibility and applications. 

Hospitality Grants

Applications for this grant scheme have closed.

 

Support for employees

Statutory Sick Pay 

Statutory Sick Pay (SSP) (at £96.35 per week) is available for those who are too sick to work. Those not eligible for SSP can claim Contributory Employment and Support Allowance or Universal Credit (there is a minimum five week wait for the first payment, but advance payment can be claimed).

Jobseeker’s Allowance

New Style Jobseeker’s Allowance (JSA) can be claimed on its own or alongside Universal Credit. JSA is subject to having made sufficient National Insurance contributions.

Business rates holiday

At the Budget on 3 March 2021, the Chancellor announced that the Government would provide additional business rates support for eligible retail, hospitality, leisure, and nursery businesses in England occupying a qualifying property”.

As a temporary measure for 2021/22 the Chancellor announced that:

  • The Expanded Retail Discount (2020/21) will be extended for three months for eligible properties, at 100% relief, uncapped, for the period 1 April 2021 to 30 June 2021.
  • From 1 July 2021 to 31 March 2022, the Expanded Retail Discount would apply at 66% relief for eligible properties in the scheme, with a cash cap of £2m for businesses that were required to close as at 5 January 2021, and up to £105,000 for business permitted to open at that date.
  • The Nursery Discount 2021 would also be extended for three months, at 100%, uncapped, for the period 1 April 2021 to 30 June 2021.
    From 1 July 2021 to 31 March 2022 the Nursery Discount would apply at 66% relief for eligible properties, with a cash cap of £105,000".

The London Growth Hub has business advisors who can help small businesses navigate the impacts of the COVID 19 crisis. You can access one to one advice and support by visiting the London growth hub website.

Support for employers

Time to Pay

Businesses that are having difficulties paying their tax bill can contact the Government’s Time to Pay service for support.

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