This page was last updated on Friday 16 October 2020.
Below is information for East Hampshire businesses on the support available to you.
Business support checker
The government has set out a range of support schemes for businesses to help them during the coronavirus outbreak.
Find out what support is available to your business through the government's business support checker.
Job support scheme
From November 2020 (when the coronavirus job retention scheme closes), the job support scheme will open.
Support for self-employed people
The Self-Employed Income Support scheme (SEISS) has been extended. If you were eligible for the first grant and can confirm to HMRC that your business has been adversely affected on or after 14 July 2020, you’ll be able to make a claim for a second grant from 17 August 2020.
The scheme allows you to claim a second taxable grant worth 70% of your average monthly trading profits, paid out in a single instalment covering 3 months’ worth of profits, and capped at £6,570 in total.
HMRC will contact you if you’re eligible.
The government has announced a further extension to the SEISS grants with two grants available to businesses facing reduced demand due to coronavirus from November 2020 to April 2021
Coronavirus loans for businesses
The British Business Bank provides the following coronavirus-related loan schemes:
- Bounce Back Loan
- Coronavirus Business Interruption Loan
- Coronavirus Large Business Interruption Loan
- Future Fund
Free access to open4business funding finder
During this unprecedented time of crisis many local businesses are looking for funding more than ever before.
To help you get to funding information you seek, Idox is offering free access to the open4business funding information portal until 31 October 2020.
Through this portal you can:
- quickly access a comprehensive, regularly updated directory of funding content
- specifically search by industry, region and business size
- gather the application data required
- contact funders directly
Coronavirus job retention scheme
The coronavirus job retention scheme will close on 31 October 2020. Details on the changes to the Coronavirus job retention scheme.
Statutory Sick Pay (SSP)
The government will bring forward legislation to allow small and medium-sized businesses and employers to reclaim Statutory Sick Pay (SSP) paid for sickness absence due to coronavirus.
If you can’t pay your tax bill on time
HMRC has information for businesses and self-employed people who are not able to pay their tax on time.
EHDC business support grants
The council’s business support grant fund is now closed.
We issued 2,108 grants with a total value of £25,775,000 through Small Business and Retail, Hospitality and Leisure grants (30 August 2020).
The three rounds of coronavirus-related discretionary grants have seen EHDC issue a total of £1,185,000 to 176 businesses.
Kickstart scheme grant
The government has published guidance for employers looking to create 30 or more and 29 or fewer job placements for young people.
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 as part of the Kickstart scheme.
If the schemes above don't apply to you
The schemes currently announced by the government will not apply to every business and every employee.
If you do not qualify, you may wish to consider applying for Universal Credit.
Support from Enterprise M3 LEP Growth Hub
The Enterprise M3 Growth Hub has a dedicated page to provide the latest government advice and you can also contact their Growth Hub advisers on 01483 478098.
Additional support and advice are available from the National Business Support Helpline on 0800 998 1098.
Look after yourself
These are very stressful times for business owners, employees and those out of work. Please visit our mental health support page for links to organisations that may be able to help you.
If you would like further information on the schemes detailed above or are looking for other business support, you can contact the Economic Development team by email at firstname.lastname@example.org