Help for Northumberland businesses during coronavirus crisis

Posted on 31st March 2020 | in Business News , Coronavirus , Northumberland County Council

Northumberland County Council are offering grants and loans to some businesses affected by the Coronavirus crisis

Small Business Grant Fund

Any small business (properties with a Rateable Value less than £15,000) in any sector who were in receipt of Small Business Rates Relief or Rural Rate Relief on 11 March 2020 may be eligible for a £10,000 small business grant payment.

Please complete the online form here if you think you may be eligible.  Your details and business bank details will need to be validated by the Council before we can pay the grant.

Retail, Hospitality, and Leisure Grant

Any retail/hospitality/leisure business operating from premises with a Rateable Value of less than £15,000 (and not in receipt of Small Business Rates Relief or Rural Rate Relief) may be eligible for a £10,000 grant.

Any retail/hospitality/leisure business operating from premises with a Rateable Value between £15,000 and £51,000 on 11 March 2020 may be eligible for a £25,000 grant.

Please complete the online form here if you think you may be eligible.  Your details and business bank details need to be validated by the Council before we can pay the grant.

If you are having difficulty completing the form please email covidbusinessgrants@northumberland.gov.uk. Please provide a contact telephone number in your email in case we need to get in touch with you.

Further guidance and detail on the criteria for the above grants is available here.
 

Larger Businesses

Covid-19 Corporate Financing Facility
The government has introduced a financing facility where the Bank of England will buy short-term debt from larger companies. Operating initially for 12 months, it’s intended to relieve cash flow pressures. 

Coronavirus Business Interruption Loan Scheme
A Coronavirus Business Interruption Loan Scheme, delivered by the British Business Bank, will enable businesses with a turnover of up to £45m to apply for Government-backed finance up to £5m. The Government will cover the first 12 months of interest payments. 

Please click here for more information about the Coronavirus Business Interruption Loan Scheme.

 

Read the whole page on NCC’s website here: https://www.northumberland.gov.uk/Business/Grants/Grants-Funding.aspx#grantfundingandloans

SELF EMPLOYED PEOPLE CAN APPLY HERE:

https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme

Leave a Reply

Your email address will not be published. Required fields are marked *