Guidance & support for those affected by Covid-19
We are trying to keep an updated list of support and guidance from Government, Local Authorities and Business and Trade organisations to help you during these times.
Small businesses boosted by bounce back loans
Small businesses will benefit from a new fast-track finance scheme providing loans with a 100% government-backed guarantee for lenders, the Chancellor announced (Monday 27 April).
Rishi Sunak said the new Bounce Back Loans scheme, which will provide loans of up to £50,000, would help bolster the existing package of support available to the smallest businesses affected by the coronavirus pandemic.
New information released on 28th April:
– The scheme will go live from Monday 4th May 2020 and cash will be released within days for eligible businesses.
– Businesses can borrow between £2,000 and £50,000.
– The Government will guarantee 100% of the loan and there won’t be any fees or interest to pay for the first 12 months.
– Loan terms will be up to 6 years.
– The Government will work with lenders to agree a low rate of interest for the remaining period of the loan.
– The scheme will be delivered through a network of accredited lenders.
Read more here and here to apply once it opens.
The government is working closely with Business Representative Organisations and Trade Associations to support the national response to coronavirus. Here you will find a list of organisations you can speak with to get advice. Many of these organisations are also happy to respond to non-member queries related to coronavirus. Many of these websites also include sector-specific guidance and Q&A. Click Here
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. Use this business support finder to see what support is available for you and your business. Start Here
Check if you can claim for your employees' wages through the Coronavirus Job Retention Scheme.
Find out if you’re eligible and how much you can claim to cover wages for employees on temporary leave ('furlough') due to coronavirus (COVID-19). Click Here
If you’ve already worked out how much you can claim, you can claim for wages online through the Coronavirus Job Retention Scheme.
Claim a grant through the coronavirus (COVID-19) Self-employment Income Support Scheme.
Use this scheme if you're self-employed or a member of a partnership in the UK and have lost income due to coronavirus (COVID-19). Click Here
Apply for the Coronavirus Business Interruption Loan Scheme
This scheme helps small and medium-sized businesses affected by coronavirus (COVID-19) to access finance of up to £5 million. Click Here
Financial support for businesses during coronavirus (COVID-19)
Find out what financial support you can get for your business. Click Here
Lincolnshire Chamber of Commerce Coronavirus Hub
Lincolnshire Chamber of Commerce have put together a hub of support and advice for businesses. Click Here
Business Lincolnshire resources for coronavirus support
The latest information for businesses affected by the coronavirus from Business Lincolnshire. Click Here
East Lindsey District Council Information and Support for Businesses
ELDC are committed to providing businesses across East Lindsey with clear, helpful and up-to-date information and will keep this page updated with information from the government and our partners. Click Here
