Find financial support
Coronavirus (COVID-19) support is available to employers and the self-employed.
Use the Business Support Finder to find out what financial support is available for you and your business.
Alternatively, to help you locate the varied range of support available to get through this difficult period, take a look at the COVID-19 Business Support Finder pages here.
- Following the announcement of a coronavirus firebreak from 6pm, Friday 23 October, Welsh Government is finalising enhanced financial support for businesses in Wales including a new £300m fund.
Support available will include:
- a £1,000 payment for businesses covered by the small business rates relief
- small and medium-sized retail, leisure and hospitality businesses which have to close, will receive a one-off payment of up to £5,000
- additional discretionary grants and support for smaller businesses
- £20m for tourism and hospitality added to the £80m fund announced last week to help businesses develop in the longer term
Further information will be abvailable shortly.
- On 24th September 2020 the Government announced a new scheme for businesses, designed to replace the Job Retention Scheme. The Job Support Scheme is designed to protect viable jobs in businesses who are facing lower demand over the winter months due to Covid-19, to help keep their employees attached to the workforce. The scheme will open on 1 November 2020 and run for 6 months. More information on eligibility and application can be found here.
- In addition, it was announced that the Self-Employment Income Support Scheme grant will be extended. The grant extension is for self-employed individuals who are currently eligible for the Self-Employment Income Support Scheme and are actively continuing to trade, but are facing reduced demand due to coronavirus (COVID-19). The extension will provide two grants and will last for six months, from November 2020 to April 2021. See more here.
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
Details of loan schemes in place to support businesses during the COVID-19 pandemic.
Webinars and workshops
A number of organisations are offering webinars, online workshops and taster sessions to help businesses at this difficult time.
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.
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.
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.
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 an 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 will be protected from the risk of eviction until the end of 2020, helping businesses to protect jobs.
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:
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 firstname.lastname@example.org 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 support
Cardiff Capital Region (CCR) Graduate Scheme
Businesses can get free access to expert skill sets for recruiting high-skilled graduates within:-
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.
Welsh Government are inviting businesses to advertise in the recently launched Directory of Welsh Businesses to promote their goods, services and credentials to other businesses and consumers. Buyers wishing to source goods, materials, or services - both Covid-19 related and, importantly moving forward, goods and services to support the return to work and development of the economy - will be able to find more easily.
Visit Business Wales or Gov.UK for more information on funding and support as a result of COVID-19.
To contact business support services at Newport City Council, email: email@example.com