Business support during C-19

The Government has announced support for businesses backdated to 1 March 2020. What are you able to get access to and how?

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Becky Rock-Evans

25th March 2020

What is your business entitled to and how do you get it?

The Government has made some big announcements over the past few days about how they are going to support businesses with grants, loans, business rate exemptions, wages support for staff and so on. But, what does that mean for your business, what applies to you and how do you access as much as possible to ensure your business stays afloat?

We’re working closely with Invest in Bath to give you all the information and updates you need to support you through these uncertain times.

They've put together advice and pointers in their website as a starter.

Invest in Bath business support

Here's a summary of support announced by the Government.

  • Deferring VAT and Income Tax payments.
  • A Coronavirus Job Retention Scheme.
  • An Expanded Retail Discount scheme for occupied retail, leisure and hospitality premises.
  • Statutory sick pay relief package for small and medium-sized enterprises (SMEs).
  • 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. 
  • A new lending facility from the Bank of England to help support liquidity among larger firms. 
  • The HMRC Time To Pay Scheme to help with tax.  

Invest in Bath are here to help

The team at Invest in Bath recognise that this is a rapidly evolving situation and have shared contacts and resources:

  • Follow the Invest in Bath Twitter @InvestinBath
  • Check the website for key updates
  • Email info@investinbath.co.uk with specific concerns and questions and the team will respond directly. 
  • Access a series of free one-to-one business advice sessions (subsidised by Invest in Bath), available remotely and provided by local consultants Cool Ventures. It's definitely worth booking in a session to help you plan while awaiting further news on grants and financial support.
  • There's also a series of online workshops being planned . To book a free advice session contact Cool Ventures on 01225 580850 or info@coolventures.co.uk.

Helpful links ➜

Keep in touch

Information and support is changing all the time. Keep checking this blog for regular updates as things progress. 


(Photo credit: Retha Ferguson from Pexels)

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