Here we go again! Help available during Lockdown 2.0

As a result of the rapidly rising COVID-19 cases across the UK, on Thursday 5th November the government has issued a second national lockdown until Wednesday 2nd December. It is understood that we must act now to control the spread of the virus and the single most important action we can all take to fight coronavirus is to stay at home, protect the NHS and save lives. For more information about the lockdown see the GOV guidance here https://bit.ly/3el4z3F.

During the lockdown, you must:

  • Stay at home, except for specific purposes
  • Avoid meeting people you do not live with, except for specific purposes
  • Close certain businesses and venues

These new measures will reduce the growth rate of the virus, which will:

  • prevent the NHS from being overwhelmed
  • ensure schools, colleges and universities can stay open
  • ensure that as many people as possible can continue to work

 

Financial Support for Self-Employed & Small-Businesses:

Coronavirus Job Retention Scheme (CJRS)https://bit.ly/35XmJ7X

Coronavirus Job Retention Scheme – also known as the Furlough scheme – will remain open until December. The scheme means that workers in any part of the UK can retain their job, even if their employer cannot afford to pay them, and be paid at least 80% of their salary up to £2500 a month.

Please note that the Job Support Scheme, which was scheduled to come in on Sunday 1st November, has been postponed until the furlough scheme ends.

 

New Style Employment and Support Allowance (ESA)https://bit.ly/2TUabbI

You can apply for ‘new style’ ESA If you’ve been affected by coronavirus and you’re unable to claim Statutory Sick Pay. One of the following must apply to you or your child:

  • you might have coronavirus or you’re recovering from it
  • you are self-isolating because you came into contact with someone who might have coronavirus
  • you’ve been advised by your doctor or healthcare professional to self-isolate before going into hospital for surgery
  • you’ve been advised to ‘shield’ (take extra precautions to reduce contact with others) because you’re at very high risk of severe illness from coronavirus

 

Local Restrictions Support Granthttps://bit.ly/2I6BLQG

In addition to CJRS business premises forced to close can now receive grants worth up to £3,000 per month under the Local Restrictions Support Grant (LRSG). The scheme is primarily focussed on hospitality, hotel, B&B and leisure businesses and will initially run until April 2021.

 

Coronavirus Bounce Back Loanhttps://bit.ly/36eQ8e7

The scheme helps small and medium-sized businesses to borrow between £2,000 and up to 25% of their turnover up to the maximum loan of £50,000. The government guarantees 100% of the loan and there won’t be any fees or interest to pay for the first 12 months, then after 12 months the interest rate will be 2.5% a year. The Bounce Back Loan scheme is open to applications until 31 January 2021.

For more information, email: hello@codevelo.co.uk or call 0113 320 3959