Latest Information for Businesses

For businesses seeking grant funding related to COVID-19

Covid-19 Guidance for Businesses 

The Chancellor of the Exchequer announced extra help for  businesses in the 2021 Budget. Information covered by this guidance includes a package of measures to support businesses, although some have now expired.
 
  • Coronavirus Job Retention Scheme - This scheme ended on 30 September 2021. Claims for September must have been submitted on or before 14 October 2021. Any amendments for September 2021 must have been made on or before 28 October 2021. 
  • The Self-Employed Income Support Scheme. Claims for the fifth SEISS grant have now closed. The last date for making a claim was 30 September 2021.
  • deferring VAT and Income Tax payments - The VAT deferral new payment scheme has now closed. 
  • Statutory Sick Pay for small and medium sized businesses (SMEs). The Chancellor announced new support available on 21 December 2021, please read further information on .gov.uk website: Check if you can claim back Statutory Sick Pay paid to employees due to coronavirus (COVID-19)
  • a business rates discount for all retail, hospitality, leisure and nursery businesses in England
  • Grants for Businesses - Government Announcement 21st December 2021 - Grants for Hospitality and Leisure Sectors and Additional Restrictions Grant (ARG) – For the latest information regarding these grants please click here.  Essex Business Adaptation Fund (EBAF) Round 2 is now closed and all applications processed.
  • Recovery Loan Scheme - A loan scheme to support access to finance for UK business as they grow and recover from the disruption of the COVID-19 pandemic. The scheme launched on 6 April and has been extended until 30 June 2022. However, changes to the current scheme will come into force on 1st January 2022. Find out the latest via the gov.uk website.
  • The Bank of England’s Covid Corporate Financing Facility (CCFF) ) - This scheme closed to new applications on 31 December 2020.
  • Changes to Insolvency laws.***

For a full list of the grants that are now closed, please visit our Business Rates Support page.

Please see link to all government guidance on financial support for businesses.


*Business Rates
The Council’s latest information on Business Rates Reliefs and Business Grants.


***Changes to Insolvency laws

The UK’s Insolvency Framework will add new restructuring tools that mirror the USA’s Chapter 11 procedure, a well-established model adopted by countries around the world.  This includes:
  • A moratorium for companies giving them breathing space for from creditors enforcing their debts for a period of time whilst they seek a rescue or restructure;
  • Protection of their supplies to enable them to continue trading during the moratorium; and;
  • A new restructuring plan, binding creditors to that plan
The proposals also include key safeguards for creditors and suppliers to ensure they are paid, while existing laws against fraudulent trading and the threat of director disqualification will continue to act as an effective deterrent against reckless misuse of these new measures.
 

Learning to live safely with COVID-19

Please note from 1 April 2022:  the government published guidance on 'Living safely with respiratory infections, including COVID-19' in England. Please refer to latest government guidance here.