A discretionary fund has been set up to accommodate certain small businesses previously outside the scope of the business grant funds scheme.
This scheme will help small and medium-sized businesses affected by coronavirus (COVID-19) to apply for loans of up to £50,000.
Coronavirus (COVID-19) support is available to employers and the self-employed. You may be eligible for loans, tax relief and cash grants.
Use this business support finder to see what support is available for you and your business.
|Don’t miss out if you’re eligible
Great Yarmouth Borough Council has so far handed out over £20m in Government relief grants to around 1,850 eligible local businesses, which is 61 per cent of the businesses we think are eligible under Government criteria and wrote to three weeks ago.
The council is working closely with New Anglia LEP, other local councils and business groups to ensure our local businesses get the support they are entitled to during these challenging times.
Please visit the following link to view the latest news on support for local businesses published on Great Yarmouth Borough Council’s website.
This information was updated on 14th April 2020.
Rishi Sunak announces world-leading scheme to support the UK’s self-employed affected by the coronavirus outbreak.
Updated with information from the GOV.UK website on 26th March 2020 5.00pm
The Chancellor has set out a package of temporary, timely and targeted measures to support public services, people and businesses through this period of disruption caused by COVID-19.
This includes a package of measures to support businesses including:
- Coronavirus Job Retention Scheme
- a statutory sick pay relief package for SMEs
- a 12-month business rates holiday for all retail, hospitality and leisure businesses in England
- small business grant funding of £10,000 for all business in receipt of small business rate relief or rural rate relief
- grant funding of £25,000 for retail, hospitality and leisure businesses with property with a rateable value between £15,000 and £51,000
- the Coronavirus Business Interruption Loan Scheme offering loans of up to £5 million for SMEs through the British Business Bank
- a new lending facility from the Bank of England to help support liquidity among larger firms, helping them bridge coronavirus disruption to their cash flows through loans
- the HMRC Time To Pay Scheme
As part of the measures announced by Boris Johnson on Monday 23rd March 2020 to reduce the spread of the Coronavirus, many town centre businesses will have to close their doors until further notice.
Below is a summarised list of the exceptions to the new laws:
Supermarkets and other food shops, health shops, pharmacies including non-dispensing pharmacies, petrol stations, bicycle shops, home and hardware shops, launderettes and dry cleaners, garages, car rentals, pet shops, corner shops, newsagents, post offices and banks.
Market stalls selling food and grocery items can also stay open.
Businesses offering food deliveries and take away are also allowed to remain open.
We’ve been working hard at GYTCP to scan social media and other news outlets to stay informed on what changes businesses in Great Yarmouth town centre are
putting in place in response to the corona virus (Covid-19) public health advice. Which are open, which are closed, and those who have changed opening hours or even ways of trading.
Link to Google Sheet: http://bit.ly/gyBizChanges
BELOW IS A STATEMENT FROM GREAT YARMOUTH BOROUGH COUNCIL REGARDING PLANNED EVENTS AND MEETINGS
Cancellation of Easter Fair (April 16 to 19), Mother’s Day Afternoon Tea (March 22) and postponement of ceremony of Spirit of Enterprise Awards (March 27) Read more