We're available to help businesses navigate their way through the available support.
If you have any concerns contact our team of advisors:

Last updated Thursday 2nd April 12:15

 

Business support grants

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

 

Business rates holiday

  • we're delaying the start of the 2020/21 business rate collection
  • 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 business.rates@sheffield.gov.uk.


Rent relief for business and community tenants

We're providing the following support for renters during the Covid-19 pandemic:

All non-residential tenants

  • we're suspending arrears enforcement action for an initial 3 month period
  • the Coronavirus Act 2020 protects business tenants against action for re-entry or forfeiture of tenancies for non-payment of rent until 30 June 2020

Covid 19 affects different types of tenants in varying ways. We are taking a range of approaches that take into account all tenants.

Voluntary/Community Groups on Leases, Tenancies or Licences

  • we've suspended rents and licence fees until 30 June 2020
  • we'll refund any licence fees for licence agreements that cannot be fulfilled (eg park concessions, pitch bookings etc)

Tenants of commercial retail, food & beverage and leisure premises

  • we will defer Rents and Service Charges until 30 June 2020 by application
  • we may still issue invoices

Applications for rent support

We'll consider each application on an individual basis. We'll take into account:

  • whether the deferred rent could be paid over a period of time
  • the type of business and its circumstances
  • whether the Government has told it to close
  • or if any general restrictions on businesses or movement have affected it

To apply contact Property Services:

Tenants of commercial industrial, office and workshop premises

  • rent and Service Charges can be deferred until 30 June 2020 by application
  • the deferred rent will be repaid over a period to be agreed
  • businesses will be expected to make the case for any deferred rent
  • invoicing to continue to deferred payment on a case by case basis

Applications for rent support

We'll assess each application on an individual basis. We'll take into account:

  • the type of business and its circumstances
  • whether the Government has told it to close
  • or if any general restrictions on businesses or movement have affected it

To apply contact Property Services:

 

Coronavirus job retention scheme

The Government will help all UK employers by:

  • paying up to 80% of the salaries of employees who would otherwise have been laid off. 
  • paying up to a capped amount of £2,500 per month.

Employers will be required to register the employees they have agreed to furlough for the duration of the current crisis.

Find out more from the HMRC Website or on gov.uk

 

Coronavirus business interruption loan scheme

You are eligible for a loan if your business:

To apply for a loan you should contact your business bank.

 

VAT deferral scheme

Businesses will not need to pay VAT from 20 March 2020 to 30 June 2020. All businesses are eligible and you do not need to apply.

 

Income tax deferral

Income tax self-assessment payments due on 31 July 2020 have been deferred until 31 Jan 2021

 

Statutory sick pay relief

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 employe

This ensures people suffering from coronavirus can take the necessary time off to stay at home or to prevent its spread.

 

Support for self-employed people

The Government self-employed scheme will allow you to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 per month for the next 3 months.

Contact Business Sheffield