At Newhaven Enterprise Zone we are working to provide businesses in the area with up-to-date information provided by the Government. Please see useful links below and please use the form to get in touch with us if you have any queries.
Government Business Support
The Government has set out a package of emergency measures to support businesses in response to the disruption caused by COVID-19. These include:
UK-wide. This scheme will help businesses affected by coronavirus to access bank lending and overdrafts if they need to. For loans up to £5 million, the Government is providing a guarantee of 80% for each loan.
England only. Businesses in the retail, hospitality and leisure sectors in England will not have to pay business rates for the 2020-21 tax year.
England only. If your business is in the retail, hospitality or leisure sector, you will receive a cash grant of up to £25,000 per property.
UK-wide. Under the coronavirus Job Retention Scheme, all UK employers with a PAYE scheme will be able to access support to continue paying part of their employees’ salary for those that would otherwise have been laid off during this crisis.
England only. The Government is providing additional funding for Local Authorities to support small businesses that already pay little or no business rates because of small business rate relief (SBRR), rural rate relief (RRR) and tapered relief.
UK-wide. The Government will bring forward legislation to allow small and medium-sized businesses to reclaim Statutory Sick Pay (SSP) paid for staff sickness absence due to coronavirus.
UK-wide. All businesses and self-employed people in financial distress, and with outstanding tax liabilities, may be eligible to receive support with their tax affairs through HMRC’s Time To Pay service.
UK-wide. The new Covid-19 Corporate Financing Facility (CCFF) means that the Bank of England will buy short-term debt from larger companies.
England only. Nurseries in England do not have to pay business rates for the 2020-21 tax year.
UK-wide. The Government will support businesses by deferring Valued Added Tax (VAT) payments for three months.
UK-wide. If you are self-employed, Income Tax payments due in July 2020 under the Self-Assessment system will be deferred to January 2021.