COVID-19: Support for Newport businesses

SupportNewportBusiness

Find financial support

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 financial support is available for you and your business.

Local businesses

Most non-essential retail businesses are now open. View the list of Newport businesses that are not yet able to open, but have diversified in order to trade during the coronavirus Covid-19 pandemic.

If you would like to include your business, please let us know - email:  business.services@newport.gov.uk

Covid-19 Business Survey 

Newport City Council is carrying out a survey to help understand the issues that are of greatest concern to Newport businesses - how the crisis has affected you, the support you have been able to access, and the measures you have (or intend to) put in place to support social distancing. Please click here to take part in this survey. Thank you for your support. 

Webinars and workshops

A number of organisations are offering webinars, online workshops and taster sessions to help businesses at this difficult time.

Business rates relief

Retail, leisure and hospitality businesses with a rateable value of £500,000 or less will receive 100% business rates relief for the financial year 2020/21.

We hope to automatically award the business rates holiday to all eligible parties as soon as possible and you will receive a new bill when the award has been made.  

Grants

Coronavirus (COVID-19) support is available to employers and the self-employed, you may be eligible for loans, tax relief and cash grants. 

Read about grants made available to businesses, including Welsh Government business rates grants

Loans

Details of loan schemes in place to support businesses during the COVID-19 pandemic.

Return to work guidance for businesses 

Read guidance to help employers, employees and the self-employed understand how to work safely during the coronavirus pandemic.

Other financial support  

1. Coronavirus Job Retention Scheme

Under the Coronavirus Job Retention Scheme (CJRS), all UK employers can access support to continue paying part of their employees’ salary for those employees that would otherwise have been laid off during this crisis. All businesses are eligible. 

The HMRC portal to process the CJRS is now live, download the step-by-step employers guide and calculate what you can claim.

2. Tax matters

HMRC support for businesses paying tax: HMRC offers support to all businesses and individuals with outstanding tax liabilities and in temporary financial distress as a result of Covid-19.

Contact HMRC’s dedicated helpline on 0800 0159 559 for practical help and advice.  

Value Added Tax (VAT) payments will be deferred from 23 March until the end of June. This is an automatic offer with no applications required. Businesses will not need to make a VAT payment during this period. Taxpayers will be given until the end of the 2020-21 tax year to pay any liabilities that have accumulated during the deferral period. VAT refunds and reclaims will be paid by the government as normal. 

Income Tax Self-Assessment payments due on 31 July 2020 will be deferred until 31 January 2021. This is an automatic offer with no applications required. No penalties or interest for late payment will be charged in the deferral period. 

The Government has amended insolvency law to enable UK companies undergoing a rescue or restructure process to continue trading, giving a breathing space that could help avoid insolvency.

Companies House: companies will receive a three-month extension period to file accounts, to help companies avoid penalties as they deal with the impact of COVID-19. 

3. Protection for businesses that miss rent payments

Commercial tenants who cannot pay their rent because of coronavirus will be protected from eviction, meaning that no business will be forced out of their premises if they miss a payment in the next three months.  

4. Covid Corporate Financing Facility

Under the Covid Corporate Financing Facility, the Bank of England will buy short-term debt from larger companies to allow companies to finance short-term liabilities. This scheme is open to UK businesses.  

5. Statutory Sick Pay Support

The UK Government has brought forward legislation to allow small and medium-sized businesses and employers to reclaim Statutory Sick Pay (SSP) paid for sickness absence due to coronavirus.

Employers are now able to make claims, as the scheme opened for applications on the 26 May.

6. Development Bank of Wales

Development Bank of Wales is offering a three-month capital and monitoring fee repayment holiday for their existing business customers who are impacted by the virus until 30 June 2020.

Request via the Development Bank of Wales website or call 03000 6 03000.  

7. Communities for Work and Communities for Work Plus 

Newport City Council’s Communities for Work and Communities for Work Plus teams can provide: 

  • help to access benefits

  • help with constructing a CV and completing application forms

  • help in fiinding work

  • free employment training

  • family support

  • food parcels

  • ESOL (English for Speakers of Other Languages) 

The Skills@Work programme helps individuals if they are already employed or self-employed with all of the above and even upskilling their work force with training. Email julian.watts@newport.gov.uk for further information.

8. Commercial insurance

Information on the effects on commercial insurance, relating to notifiable and unspecified notifiable diseases government ordered closures, read more on the Gov.UK website

Government to support businesses through Trade Credit Insurance guarantee. 

9. Innovate UK

An update on the support available to businesses from Innovate UK due to COVID-19 and advice for award holders. 

Sector specific funding

Other support

Cardiff Capital Region (CCR) Graduate Scheme

CCR will be soon launching a campaign specifically targeted towards sectors and industries that may be facing additional demand or shifting their focuses in a response to the crisis, namely:

-          MedTech and Life Sciences

-          Manufacturing

 Visit website

Further information

Read the Business Wales call for suppliers of critical equipment, PPE and other support, including important guidelines for businesses (pdf), or visit the Life Science Hub Wales website. 

Visit Business Wales or Gov.UK for more information on funding and support as a result of COVID-19.

TRA119774 19/05/2020