Our business support team, Business Sheffield are encouraging businesses with any concerns to contact our team of advisors. Our team will be on hand over the coming weeks and months to help businesses navigate their way through the support that will be available.
There are 3 grants available for small businesses in Sheffield:
- £10,000 for businesses in receipt of Small Business Rates Relief (SBRR) or Rural Rates Relief
- £10,000 for retail, hospitality or leisure businesses with a rateable value of £15,000 or less
- £25,000 for retail, hospitality and leisure businesses with a rateable value between £15,000 and £51,000
To reflect the Government’s emerging schemes, we are delaying the start of the 2020/21 business rate collection and we will not collect business rates in April.
Businesses eligible for a business rate holiday in 2020/21 will receive a new bill from us.
Businesses entitled to a rate holiday are:
- Any property in the retail, hospitality or leisure sector
- Ofsted registered nurseries
You can contact our business rates service at email@example.com.
The Government will help all UK employers by paying up to 80% of the salaries of employees who would otherwise have been laid off. The maximum amount the Government will cover is capped at £2,500 per month.
More information is expected imminently, employers will be required to register the employees they have agreed to furlough for the duration of the current crisis, you can find out more from the HMRC Website or on gov.uk
You are eligible for a loan if your business is based in the UK, has a turnover of no more than £45 million per year and meets the British Business Bank eligibility criteria.
To apply for a loan you should contact your business bank.
To make sure people in work can take the necessary time off to stay at home if they are suffering from coronavirus or to prevent its spread, changes have been made to Statutory Sick Pay. Employers with fewer than 250 employees will be able to reclaim Statutory Sick Pay for employees unable to work because of coronavirus.
This refund will be for up to 2 weeks per employee.
Use the following links to get the latest advice from the government: