Coronavirus (COVID-19) support is available to employers and the self-employed.
Use the Business Support Finder to find out what financial support is available for you and your business.
Visit Business Wales COVID-19 business support finder to locate the varied range of support available.
- On 22nd January Welsh Government announced that they will be making a further £200 million available to businesses affected by COVID-19 restrictions to help with their operating costs.
Further information on this latest package will be provided on Friday, 29 January 2021 and we will provide updates as soon as all the details have been confirmed.
- Additional sectors can now apply for December Restrictions support
On 30 November, the First Minister announced a £340m package of support directed primarily at the hospitality, tourism, leisure and related supply chain sectors who were impacted by the restrictions put in place on the 4th December. This same fund has now been extended to businesses in other sectors who were either forced to close on 20th December, or have experienced more than a 40% reduction in turnover.
Please note: This is not a new fund so do not complete another application form if you have already submitted one. If you have submitted an application, you will be contacted with the outcome within 30 working days. Further information and application forms can be found here.
- The £180m ERF Sector Specific Support fund is open
The ERF Sector Specific Support fund is targeted at the Hospitality, Tourism and Leisure sectors (and associated supply chain businesses), whose turnover has been materially impacted by greater than 60%, as a result of the restrictions introduced from 4 December 2020 until the 22 January 2021. Administered by Business Wales, the eligibility checker can be accessed here.
- On the 5 November: the Government announced an extension of the Furlough scheme and an increase in self-employed support.
The furlough scheme will be extended until the end of March 2021 and the self-employed income support grant is also extended.
Coronavirus (COVID-19) support is available to employers and the self-employed, you may be eligible for loans, tax relief and cash grants.
Read about grants made available to businesses
Details of loan schemes in place to support businesses during the COVID-19 pandemic.
Webinars and workshops
A number of organisations are offering webinars, online workshops and taster sessions to help businesses.
Covid-19 business survey
Newport City Council is carrying out a survey to help understand the issues that are of greatest concern to Newport businesses - how the crisis has affected you, the support you have been able to access, and the measures you have (or intend to) put in place to support social distancing.
Business rates relief
Retail, leisure and hospitality businesses with a rateable value of £500,000 or less will receive 100% business rates relief for the financial year 2020/21.
We hope to automatically award the business rates holiday to all eligible parties as soon as possible and you will receive a new bill when the award has been made.
Return to work guidance for businesses
Read guidance to help employers, employees and the self-employed understand how to work safely during the coronavirus pandemic.
Other financial support
1. Coronavirus Job Retention Scheme
Under the Coronavirus Job Retention Scheme (CJRS), all UK employers can access support to continue paying part of their employees’ salary for those employees that would otherwise have been laid off during this crisis. All businesses are eligible.
The HMRC portal to process the CJRS is now live, download the step-by-step employers guide and calculate what you can claim.
2. Tax matters
HMRC support for businesses paying tax: HMRC offers support to all businesses and individuals with outstanding tax liabilities and in temporary financial distress as a result of Covid-19.
Contact HMRC’s dedicated helpline on 0800 0159 559 for practical help and advice.
Income Tax Self-Assessment payments due on 31 July 2020 will be deferred until 31 January 2021. This is an automatic offer with no applications required. No penalties or interest for late payment will be charged in the deferral period.
The Government has amended insolvency law to enable UK companies undergoing a rescue or restructure process to continue trading, giving a breathing space that could help avoid insolvency.
Companies House: companies will receive an extension period to file accounts, to help companies avoid penalties as they deal with the impact of COVID-19.
3. Protection for businesses that miss rent payments
Commercial tenants will be protected from the risk of eviction until the end of 2020, helping businesses to protect jobs.
4. Covid Corporate Financing Facility
Under the Covid Corporate Financing Facility, the Bank of England will buy short-term debt from larger companies to allow companies to finance short-term liabilities. This scheme is open to UK businesses.
5. Statutory Sick Pay Support
The UK Government has brought forward legislation to allow small and medium-sized businesses and employers to reclaim Statutory Sick Pay (SSP) paid for sickness absence due to coronavirus.
Employers are now able to make claims, as the scheme opened for applications on the 26 May.
6. Development Bank of Wales
Development Bank of Wales is offering a three-month capital and monitoring fee repayment holiday for their existing business customers who are impacted by the virus until 30 June 2020.
Request via the Development Bank of Wales website or call 03000 6 03000.
7. Communities for Work and Communities for Work Plus
Newport City Council’s Communities for Work and Communities for Work Plus teams can provide:
The Skills@Work programme helps individuals if they are already employed or self-employed with all of the above and even upskilling their work force with training. Email firstname.lastname@example.org for further information.
8. Commercial insurance
Information on the effects on commercial insurance, relating to notifiable and unspecified notifiable diseases government ordered closures, read more on the Gov.UK website.
Government to support businesses through Trade Credit Insurance guarantee.
9. Innovate UK
An update on the support available to businesses from Innovate UK due to COVID-19 and advice for award holders.
Sector specific support
Cardiff Capital Region (CCR) Graduate Scheme
Businesses can get free access to expert skill sets for recruiting high-skilled graduates within:-
Read the Business Wales call for suppliers of critical equipment, PPE and other support, including important guidelines for businesses (pdf), or visit the Life Science Hub Wales website.
Welsh Government are inviting businesses to advertise in the recently launched Directory of Welsh Businesses to promote their goods, services and credentials to other businesses and consumers. Buyers wishing to source goods, materials, or services - both Covid-19 related and, importantly moving forward, goods and services to support the return to work and development of the economy - will be able to find more easily.
Visit Business Wales or Gov.UK for more information on funding and support as a result of COVID-19.
To contact business support services at Newport City Council, email: email@example.com