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Top-up to local business grant funds scheme

A discretionary fund has been set up to accommodate certain small businesses previously outside the scope of the business grant funds scheme. The Business Secretary Alok Sharma and Minister for Regional Growth and Local Government, Simon Clarke spoke to local authorities in England yesterday to set out that up to £617 million would be made available. This is an additional 5% uplift to the £12.33 billion funding previously announced for the Small Business Grants Fund (SBGF) and the Retail, Hospitality and Leisure Grants Fund (RHLGF), so up to £617 million. We will confirm the exact amount for each local authority next week.

Date: 4th May 2020

Apply for a coronavirus Bounce Back Loan

This scheme helps small and medium-sized businesses affected by coronavirus (COVID-19) to access loans of up to £50,000. The Bounce Back Loan scheme helps small and medium-sized businesses to borrow between £2,000 and £50,000. The government guarantees 100% of the loan and there won’t be any fees or interest to pay for the first 12 months.

Date: 4th May 2020

Check if you can claim a grant through the Self-Employment Income Support Scheme

If you're self-employed or a member of a partnership and have been adversely affected by coronavirus (COVID-19) find out if you can use this scheme to claim a grant. The scheme will allow you to claim a taxable grant of 80% of your average monthly trading profits, paid out in a single instalment covering 3 months, and capped at £7,500 altogether. This is a temporary scheme, but it may be extended. If you receive the grant you can continue to work, start a new trade or take on other employment including voluntary work, or duties as an armed forces reservist.

Date: 4th May 2020

Pandemics, tourism and global change: a rapid assessment of COVID-19

The Journal of Sustainable Tourism has published the first comprehensive rapid assessment of COVID-19 and its implications for tourism. The title, link to the full paper online and abstract are outlined below. This paper critically explores how the current pandemic is likely to change society, the economy and tourism. Given the importance of this topic to the wide readership of the journal (and far beyond), this paper has been published online under open access status. The co-editors of the journal acknowledge the four referees who reviewed this manuscript and their willingness to do so with priority given the enormity of the circumstances and the importance of this work.

Date: 28th April 2020

Find coronavirus financial support for your business

Coronavirus (COVID-19) support is available to employers and the self-employed. You may be eligible for loans, tax relief and cash grants.

Date: 22nd April 2020

Grant Funding Scheme Comes into Operation

The Grants Scheme comes into operation today, with a new version of the guidance to businesses being produced. As part of the Scheme’s launch, the Government has announced that it made a payment of £3.4 billion to local authorities last week so that funding is immediately available for eligible businesses.

Date: 2nd April 2020