Government Financial Support
For the most up to date information on the financial support offered by the government please visit: Financial support for businesses during coronavirus (COVID-19) on the main government website
This includes information on the Bounce Back Loan, Coronavirus Future Fund and Coronavirus Business Interruption Loan Scheme as well as the below:
Coronavirus Job Retention Scheme
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.
It was announced on 3 March 2021 that the Government's Coronavirus Job Retention Scheme will be extended until the end of September 2021.
Self-Employed Income Support Scheme (SEISS)
If you're self-employed or a member of a partnership and have been impacted by coronavirus (COVID-19) you may be eligible for the Coronavirus Self Employed Income Support Scheme (SEISS).
It was announced on 3 March 2021 that the Coronavirus Self Employed Income Support Scheme (SEISS) will be extended until July 2020 with fourth and fifth grants being made available.
The fourth covers the three-month period from the start of February until the end of April. As with previous SEISS grants, it is worth up to 80% of trading profits, averaged over three months, up to £7,500 in total. The fifth grant covers early May to late July, but the amount available depends on loss of income.
Claims can be made from April for the fourth grant and claims for the fifth grant will open in July.
The Self Employment Income Support Scheme Grant will now cover the period from February 2021 to the end of April. Check if you can claim a grant through the Self-Employment Income Support Scheme on the government website.
The Coronavirus Statutory Sick Pay Rebate Scheme
The Coronavirus Statutory Sick Pay Rebate Scheme will allow small and medium-sized employers, with fewer than 250 employees, to apply to HMRC to recover the costs of paying coronavirus-related SSP.
For further guidance and to find out if you can use the scheme, please visit Coronavirus Statutory Sick Pay Rebate Scheme (external link).
Skills Support: Digital Boost
Digital Boost has been launched which provides free digital support to small businesses to help boost digital business skills. With free Mentoring, Workshops, Courses and Content to help you understand digital better
From building a website, to launching digital advertising, to scaling up delivery for e-commerce, get support from experts who've done this all before.
For more information and to sign up visit the Digital Boost website (external link).
Coronavirus (COVID-19) guidance for Community Interest Companies (CICs)
The Office of the Regulator of Community Interest Companies (CICs) has robust plans in place to maintain services for CICs and protect the welfare of employees during the Coronavirus (COVID-19) outbreak. For more information please visit Coronavirus (COVID-19) guidance for Community Interest Companies (CICs) (external link).
Local financial support: Rosebud Rebound Fund
Following the impact of Coronavirus the traditional Rosebud Fund has been renewed to support Lancashire businesses when they need it most. Making sure that every business has access to the capital it needs regardless of the economic conditions.
With loans available from £10,000 to £300,000 and complimentary business support available
For more information and to apply visit the Rosebud Rebound Fund (external link)
Local support for employees: Skills for Work
We understand that the prospect of having to make the difficult decision to make employees redundant can be challenging. Skills Support for the Workforce can provide your employees at risk with friendly help, advice and support in order for them to secure employment should they find themselves out of work.