This email is part of a regular update I send out to businesses in Scunthorpe. If you have not received this email directly from me please click here to subscribe to my COVID-19 Business newsletter.
Good morning,
Please find below today’s Business Update.
- New targeted NLC Discretionary Grant
- North Lincs Council Covid-19 Recovery Support Scheme
- VAT Deferral Payment Scheme
- CJRS claims for April
- Self-Employment Incomes Support Scheme
- Tax Credits Renewals Packs sent out
North Lincs Council Covid-19 Recovery Support Scheme
NLC has set up three new Schemes to boost businesses and self-employed start-ups. Find out more here.
For the Business Start-Up Fund and Business Diversification Fund, you can set up a meeting with an NLC Business Advisor here.
Business Start-Up Fund
This is a limited fund of grants for those who are planning to become self-employed or are starting a small business.
You will get:
- A Grant up to a maximum of £1000 is available for equipment and capital expenditure
- 12 hours of one-to-one support and webinars from the Local Enterprise Partnership
More guidance available here. You will be required to submit a business plan when you apply- speak to an NLC Business Advisor for more info.
Business Diversification Fund
The BDF is a fund for existing businesses in the Visitor Economy. The aim of this fund is to generate sustainable job growth in this sector, with employment created lasting a minimum of two years.
You will get:
- A grant of up to £7,000 per new job created and £6,000 per new job safeguarded, for an investment project(s) that directly creates new employment.
- Professional Advice to develop Growth and Diversification Plans.
- A maximum of £1 for every £4 that the business invests in the project (1:4 investment ratio)
More guidance available here. Again, you can book a meeting with the NLC Business Advisor here. You can submit an expression of interest here.
COVID-19 Renew Scheme
This Scheme is for existing businesses disadvantaged through job losses in the pandemic, with employment created lasting a minimum of two years.
You will get:
- A grant of up to £7,000 per new job created and £6,000 per new job safeguarded, for an investment project(s) that directly creates new employment.
- Professional Advice to develop Growth and Diversification Plans.
- A maximum of £1 for every £4 that the business invests in the project (1:4 investment ratio)
- More guidance available here
New NLC Discretionary Grant
Following discussions with NLC, I am pleased to confirm that NLC will be doing a small discretionary grant for targeted businesses, with details to be released soon.
Self-Employment Income Support Scheme
HMRC are now contacting eligible applicants with their personal claim date for their SEISS claim. Applicants should make their claim between their personal claim date and 1st June.
You can find out more and make your claim here.
VAT Deferral Payment Scheme
The deadline for benefitting from ten separate monthly instalments passed on the 21st April. Businesses can still apply to spread out the costs of paying for their VAT in eight (until 21st June) or nine instalments (until 19th May). Remember- the sooner you join, the more instalments available to you! Join the Scheme here.
CJRS claims for April
Employers can now claim furlough payments for April- you have until 14th May.
If you have not submitted your claim for March, you can make a late claim for a ‘reasonable excuse’ here.
HMRC reminding customers to look out for tax credits renewal packs
2.5 million annual renewals packs are being sent out to tax credit customers over the next six weeks. It is important to report any changes in circumstances, as you may become eligible for assistance. You can do this online here. The deadline to renew tax credits is 31 July 2021.
Take care,
Holly
Click here to provide your feedback on my business survey
PREVIOUS UPDATES
- COVID-19 SUPPORT DIRECTORY FOR INDIVIDUALS AND BUSINESSES
- useful local mental health support contacts
- Funding Opportunities for Scunthorpe Charities and NFPs/ New Business Grants
- Updates to work safety guidance, Register for FREE weekly tests, Grants and other business support schemes - COVID-19 Business update 08/04/2021
- Ready to reopen Scunthorpe, FREE lateral flow tests for biz with over 50 employees, SME Brexit Support Fund - COVID-19 Business update 24/03/2021
- Weddings and Sports roadmap + Big update covering support schemes, tax changes, and policy updates - COVID-19 Business update 16/03/2021
- Special Business update - Budget overview - COVID-19 Business update 03/03/2021
- Lockdown grants update, Important Furlough and Self-Employed Income Support Scheme deadlines - COVID-19 Business update 08/01/2021
- Lockdown Grant Details - COVID-19 Business Update 05/01/2021
- Discretionary grant update, notes from Weddings meeting, lower self-isolation period- COVID-19 Business Update 14/12/2020
- Tier 3 Grant open, Tier reviews, outbreak control support and wet pubs grant- COVID-19 Business Update 4/12/20Tier 3 restrictions, new SEISS up - COVID-19 Business Update 26/11/2020
- COVID Winter plan, furlough changes, self-isolation payment - COVID-19 Business Update 24/11/2020
- Discretionary grant released - COVID-19 Business Update 13/11/2020
- Chancellor's announcement updates, Discretionary Grant confirmed, industry guidelines - COVID-19 Business Update 06/11/2020
- Lockdown support and grants - COVID-19 Business Update 04/11/2020
- COVID-19 Business Update 23/10/2020- Chancellor’s IMPROVED Winter Support Package
- Coronavirus Business Update 22.09.20- Chancellor's Winter Support Package
- Coronavirus Business Update 22/09/20- Today's updates and key guidances
- COVID-19 Business Update 08/09/2020- Feedback from hospitality industry needed, job creation schemes available for your business
- COVID-19 Business Update 09/07/2020- Further reopening of businesses, eat out scheme details, green homes grants
- Important update: Chancellor's statement and what it means for you - 08/07/2020
- Quick update - full list of businesses, guidance available - 24/06/2020
- Further opening of key sectors, self-employed support - COVID-19 Business update 23/06/2020
- NLC Discretionary Business Grants now open for application - COVID-19 Business update 01/06/2020
- COVID-19 Business update 29/05/2020 -Important update on furlough, Self-Employed income support scheme EXTENDED
- COVID-19 Business update 26/05/2020- Retail update, tax clarifications, claim for SSP
- COVID-19 Business update 14/05/2020- Major housing update, holiday entitlement guidance, guidance for discretionary council grant released - COVID-19 Business update
- COVID-19 Business update 13/05/2020- Furlough scheme extended, health and safety priority
- COVID-19 Business Update 11/05/20- Details on today's announcements, how to make your workplace "Covid-Safe"
- COVID-19 Business update 04/05/2020- Bounce back loans available NOW, Council to get discretion for grants, further info for employees
- COVID-19 Business update 27/04/2020- New 100% backed loans for small businesses, Furlough scheme feedback
- COVID-19 Business update 15/04/2020- Date set for furlough scheme (get ready!), more info for the self-employed
- COVID-19 Business update 03/04/2020- Coronavirus Business Interruption Loans, Industry updates
- COVID-19 Business update 27/03/2020- Important update for employers: more details on "furlough"/ "80% scheme"
- COVID-19 Business update 26/03/2020- Self-employed details, letter to Chancellor and Business Secretary
- COVID-19 Business update 24/03/2020- Important guidelines and updates
- COVID-19 Business update 23/03/2020- Lockdown and further information
- COVID-19 Business update 22/03/2020- Coronavirus Job Retention Scheme, my pledge to the self-employed
- COVID-19 Business update 20/03/2020- URGENT UPDATE
- COVID-19 Business update 18/03/2020- Business Interruption Loan Scheme, Business Rates Holiday, Small Business Grants