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Finance Support
Updated 18 June 2021
The Additional Restrictions Grant fund has now closed and all money has been allocated. Every business that applied for the third round of ARG funding has now been contacted confirming whether or not their application was successful.
The new Restart Grants are designed to help businesses reopen safely. Eligible businesses will receive a one-off grant to help their business as Covid-19 restrictions are gradually lifted. Applications will close on 30 June 2021, with final payments being made by 31 July 2020.
We appreciate your patience and are working to get the funding out as fast as possible to support you through reopening.
You can check if you're eligible for the Restart Grant here, and to find other coronavirus financial support click here.
Find out more on the Invest Plymouth Business Grants page.
Summary of existing economic support available
GOV.UK have published a summary of the existing economic support available, including: UK wide support for jobs, support for businesses, support through Plan for Jobs for the unemployed, for low income families and for local authorities.
Find out more on GOV.UK website
The new Recovery Loan scheme will provide further support to protect businesses and jobs. Loans will include 80% government guarantee and interest rate cap. The government has backed £75 billion of loans to date as part of unprecedented £350 billion wider support package. The Recovery Loan Scheme will ensure businesses continue to benefit from Government-guaranteed finance throughout 2021.
Find out more on GOV.UK website
Government announces £20 million SME Brexit Support Fund
The £20 million SME Brexit Support Fund will help small businesses with changes to trade rules with the EU.
Traders will be able to apply for a grant of up to £2,000 to pay for practical support for importing and exporting.
The fund will help businesses prepare for the implementation of import controls which come into force from April and July.
Find out more on GOV.UK website
Self-employment Income Support Scheme
Updated 2 June 2021
If you're self-employed or a member of a partnership and have been impacted by coronavirus (COVID-19) find out if you can use this scheme to claim a grant.
A fifth grant covering May 2021 to September 2021 will be open to claims from late July 2021.
The grant is taxable and will be paid out in a single instalment.
Guidance about claiming the grant will be available from early July 2021.
Find out more on GOV.UK website
Pay VAT deferred due to coronavirus (COVID-19)
If you deferred VAT payments due between 20 March and 30 June 2020 and still have payments to make, you can:
- pay the deferred VAT in full, on or before 31 March 2021
- join the VAT deferral new payment scheme – the online service is open between 23 February and 21 June 2021
- contact HMRC on Telephone: 0800 024 1222 by 30 June if you need extra help to pay
You may be charged interest or a penalty if you do not:
- pay the deferred VAT in full by 31 March 2021
- opt into the new payment scheme by 21 June 2021
- agree extra help to pay with HMRC by 30 June 2021
See more on GOV.UK website.
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 support is available for you and your business.
Find out more on GOV.UK website
Financial support for businesses during coronavirus
Find out what financial support you can get for your business.
This website helps businesses find out how to access the support that has been made available, who is eligible, when the schemes open and how to apply.
Some aspects of business support are devolved.
Find out more on GOV.UK website
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