In this section, you will find some frequently asked questions and answers about our business support service, which may be particularly helpful at this time. The Government has also released further  Business Closures and Stay at Home FAQs  for further reading.

 

 

 

 

 

Q. How can I apply for the small business grant of £10,000?

A.The Government announced that small businesses who are eligible for Small Business Rates Relief (SBRR) or Rural Rate Relief will receive a grant of £10,000. 


Q. How do I know if my business is eligible for the £10,000 grant?

A.You are eligible if you are registered for Business Rates and are in receipt of the Small Business Rates Relief or Rural Relief.

Small Business Rates Relief applies to premises with a rateable value of less than £15,000. Therefore, if you are a small business operating from premises with a rateable value of less than £15,000 and in receipt of Small Business Rate Relief or Rural Rate Relief you will be eligible for the £10,000 grant.

Please visit chichester.gov.uk/businessratesmarch2020  for further information.

You can find and check your rateable value by visiting  gov.uk/correct-your-business-rates .


Q. What is the up to £25,000 grant?

A.Businesses in the retail, hospitality and leisure sectors, in premises with rateable values of between £15,000 and £51,000, will receive a cash grant of £25,000. Businesses in the retail, hospitality and leisure sectors in premises with a rateable values of under £15,000 will receive a cash grant of £10,000. 

Please visit chichester.gov.uk/businessratesmarch2020  for further information.

You can find and check your rateable value by visiting  gov.uk/correct-your-business-rates .

 

Q. I don't qualify for either of the above government grants, is there any other funding available?

A. Yes, the Coast to Capital Local Enterprise Partnership has just launched a grant scheme. Their 'Backing Business Grant' is a £2 million fund that has been set up to provide grants to small businesses and social enterprises in the Coast to Capital area who have been affected by COVID-19.

If you are a business or social enterprise with 5-50 FTE (full time equivalent) workforce who has been trading for over 2 years and have an annual turnover of under £10m, you can apply for a grant of £5,000-£25,000 to fund specific measures to help you to adapt, evolve and innovate to the various economic impacts brought about by the pandemic.

The full criteria for the grants can be found at Coast to Capital - backing business grants .

The fund is now open and you will need to complete an eligibility form to access the application process.


Q. My premises has a rateable value of over £51,000 so is there any help from government for me?

A. All retail, hospitality and leisure businesses will be eligible for a temporary business rates discount of 100% for 2020-21.

We are awaiting further information and instructions about these changes from the Government. We will issue revised bills for rate payers who are eligible for the discounts as soon as we are in a position to do so. In the meantime, please make payments according to your current bill until you receive a revised bill from us. Any overpayment will be refunded to you.
 

Q. I have heard that there are loans for businesses so where can I find this information?

A.The Government announced the Coronavirus Business Interruption Loan Scheme to support long-term viable businesses that may need to respond to cash-flow pressures by seeking additional finance.

You can find more information about the Coronavirus Business Interruption Loan Scheme on the British Business Bank website: www.british-business-bank.co.uk/ourpartners/supporting-business-loans-enterprise-finance-guarantee
 

Q. Is there any further support for businesses?

A. Yes - the government has also announced the following schemes:-

Support for businesses through the Coronavirus Job Retention Scheme

Under the Coronavirus Job Retention Scheme , all UK employers will be able to access support to continue paying part of their employees' salary for those employees that would otherwise have been laid off during this crisis.

Please note this scheme is being handled by HMRC. Their dedicated helpline is: 0800 0159 559.

Support for nursery businesses that pay business rates

The Government has introduced a business rates holiday for nurseries in England for the 2020 to 2021 tax year.

You are eligible for the business rates holiday if your premises is:

  • occupied by providers on Ofsted's Early Years Register
  • wholly or mainly used for the provision of the Early Years Foundation Stage

There is no action required from you. We will issue revised bills for rate payers who are eligible for the discounts as soon as we are in a position to do so. In the meantime, please make payments according to your current bill until you receive a revised bill from us. Any overpayment will be refunded to you.

We are providing links to all relevant information on the business support page of our website.

If any business would like to contact the Economic Development Service for further support on any of the information above please email business.support@chichester.gov.uk.

Please note: We are expecting further announcements so we strongly suggest all businesses regularly check the  Government's Coronavirus business support  website.

 

Q. Is there any help for the self-employed?

A. Yes, the government has announced the Self-employment Income Support Scheme.

The Self-employment Income Support Scheme (SEISS) will support self-employed individuals (including members of partnerships) who have lost income due to coronavirus (COVID-19).

This 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. This may be extended if needed.
Further information is on the  HM Government website .

 

Q. How can I contact the relevant government departments?

A. The UK Government's Department for Business, Energy and Industrial Strategy has launched a dedicated business support helpline, where small business owners in England can get advice on how to minimise/cope with the impacts of coronavirus.

 The number is 0300 456 3565. Lines are open Monday to Friday, 9am to 6pm. You can also email enquiries@businesssupporthelpline.org