For Advance Northumberland, the wellbeing of our businesses and their families is of the utmost importance. Due to the Coronavirus outbreak we need to make some changes to how we deliver services to you.
Support to Business
The UK Government has produced guidance for employers about the signs and symptoms and how to treat staff presenting with symptoms. As well as information on the support available. Click here to find out more: https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses
Business Rate Measures
Government has announced the intention to increase the Business Rates retail discount in England to 100% for the 2020 to 2021 tax year for properties below £51,000 rateable value. Government will introduce a business rates holiday for retail, hospitality and leisure businesses in England for the 2020 to 2021 tax year. Businesses that are eligible for the increased retail discount will receive a new bill from the Council as soon as possible. As this relief will mean that eligible businesses have no business rates to pay in 2020/21 the direct debit payments previously notified for 2020/21 will not be collected.
Small Business Grant Funding
Government is providing funding for local authorities to support small businesses that already pay little or no business rates because of Small Business Rate Relief (SBRR). This will provide a one-off grant of £10,000 (increased from the £3,000 announced in the 11 March Budget) to businesses currently eligible for SBRR or Rural Rate Relief, to help meet their ongoing business costs. Government is also providing £25,000 grants to retail, hospitality and leisure businesses operating from smaller premises, with a rateable value over £15,000 and below £51,000. The Council is awaiting further detailed information from the Government with regard to these one off grants for small businesses and will make further information available as soon as possible.
Larger businesses - Coronavirus Business Interruption Loan Scheme
A new Coronavirus Business Interruption Loan Scheme, delivered by the British Business Bank, will enable businesses with a turnover of no more than £41m to apply for a loan. The value of this loan was increased by the Chancellor on 17 March from £1.2m to £5m. Government will ensure businesses can access the first 6 months of that finance interest free, as Government will cover the first 6 months of interest payments. For further information please click here to find out more https://www.british-business-bank.co.uk/ourpartners/supporting-business-loans-enterprise-finance-guarantee/
Statutory Sick Pay
For businesses with fewer than 250 employees, the cost of providing 14 days of statutory sick pay per employee will be refunded by the UK Government in full. This will provide 2 million businesses with up to £2bn to cover the costs of large-scale sick leave.
Time to Pay
A dedicated helpline has been set up to help businesses and self-employed individuals in financial distress caused by COVID-19 and with outstanding tax liabilities to receive support with their tax affairs. Through this businesses may be able to agree a bespoke Time to Pay arrangement tel 0800 0159 559.
Support for UK exporters
Other support for export, supply and UK Export Finance impacted by COVID-19 can be found by clicking here https://www.gov.uk/government/publications/coronavirus-covid-19-guidance-for-uk-businesses/coronavirus-covid-19-guidance-for-uk-businesses?mc_cid=1ad0111cb3&mc_eid=baa75b48a9
North East Growth Hub COVID-19 Toolkit
To keep up to date with the latest updates and guidance visit the North East Growth Hub COVID-19 Toolkit – please click here for more information https://www.northeastgrowthhub.co.uk/toolkits/covid-19-coronavirus-toolkit?mc_cid=1ad0111cb3&mc_eid=baa75b48a9
Request for UK Industry support
The UK Government has issued a call to action to companies who have the capabilities to repurpose their staff and facilities to making ventilators to assist in treating patients affected COVID-19. If your business is able to support this request - please either call 0300 456 3565 or email email@example.com Further background to the request can be found by clicking here https://www.gov.uk/government/news/health-secretary-matt-hancocks-sunday
If you would like to chat though support available for businesses impacted by Covid-19 please get in touch with us using the following email address and one of the team will get back in touch within 24 hours.
Business Growth and Investment Support
Advance Northumberland Business has an established track record as a provider of inward investment and business support services, as well as working with larger global brands in the county.
Advance Northumberland Business continues to provide comprehensive support to businesses across the County and are funded through a combination of operating profits from our commercial activities and external grant funding.
The Team are here to help businesses make the very most of the outstanding benefits that Northumberland has to offer.
Our highly experienced team provides a single point of contact for business support enquiries and will design bespoke support packages that include:
- invaluable practical advice
- access to finance
- property information
- training and recruitment advice
- supply chain connections
- introductions to external support programmes
Advance Northumberland Business deliver a portfolio of growth, enterprise, digital skills and access to finance programmes across Northumberland and beyond including the North East Rural Growth Network and the North of Tyne Rural Business Growth Service.
We want businesses in Northumberland to succeed and grow here, so if there is anything we can do to help, then please contact a member of the Team.
The North of Tyne Rural Business Growth Service
Rural Growth Network
Other Business Support
New jobs delivered through Inward Investment Services
Strategic Enterprise Zones across Northumberland
SME's on our Business Northumberland programme
£3.1m rural grant funding to create
hours of support delivered through Business Northumberland
networking & business workshops delivered
Commercial Property Search
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