Last updated: 5th March 2021

 

National lockdown rules have been in place since the 5 January 2021 which means you must stay at home. Regulations require some businesses to close and also impose restrictions on how some businesses provide goods and services. The full list of businesses required to close can be found in the guidance.

The government has published the ‘COVID-19 Response – Spring 2021’ setting out the roadmap out of the current lockdown for England. This explains how the restrictions included in this guidance will be lifted over time.

Outlined below is the support available to businesses and how to access it:

Budget 2021 announcements:

All measures announced by Chancellor Rishi Sunak in the Budget on 3rd March 2021 can be found here.

Restrictions Support Grants:

Business in the retail, hospitality and leisure sectors are to receive a one-off grant to support them through the 2021 lockdown. The one-off grants will be given to closed businesses as follows:

The one-off grants are in addition to the existing business support, including grants worth up to £3,000 for closed businesses, and up to £2,100 per month for impacted businesses once they reopen.

Local authorities have also been given Local Restrictions Support Grant.  This grant is for businesses required to close because of national ‘lockdown’ restrictions. Businesses affected, which meet the government eligibility criteria can receive a grant of £3,000.  Each local authority has published their application process on their website so please see table below for the contact details and website links.

Local authorities have also been provided with Additional Restrictions Grant funding which is for businesses that have had their trade affected by the restrictions. This includes, closed businesses that don’t pay business rates and businesses that have not been required to close, but are still severely impacted. Each local authority has the discretion on how this funding is allocated.

All grants will be administered by your local authority; the table below provides contact details for the local authorities in Hampshire.

(You will need to click on the table below to access the links, this will open as a PDF file for you)

 

 

The government website outlines the financial support available to businesses and has a ‘support finder’ tool which will help identify the financial support that is available to you.

 

Other financial support

The British Business Bank has a range of borrowing options for businesses: (these schemes are open to applications until 31 March 2021.)

The full rules of the above schemes and guidance on how to apply is available on the British Business Bank website.

The British Business Bank has closed the Future Fund scheme and the Bank of England has closed the Corporate Financing Facility for new purchases.

Other support

Local support

You can also find free support, advice, and information on sources of finance through your local Growth Hub.

 

If you have a query that isn’t covered by this guidance you can contact the Government Business Support Helpline.

 

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