Should your business be closed?

Should your business be closed?

Prime Minister Boris Johnson recently announced a new national lockdown, meaning many businesses need to close, potentially until mid-February. Click below to find a full listing of which businesses should close and which can remain open.

Lockdown 3 Information
Local Restrictions Support Grant

Local Restrictions Support Grant

The Local Restrictions Support Grants (LRSG and LRSG) support businesses that have been required to close due to local restrictions.

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Small Business Grants

Small Business Grants

The Government supported by the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014 to 2020 are providing grants to small and medium enterprises (SMEs) of, predominately, between £1,000 and £3,000. Round 2 is now CLOSED.

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More Support For Those Who Are Self-Employed

More Support For Those Who Are Self-Employed

To reflect the recent changes to the furlough scheme, the UK-wide Self-Employment Income Support Scheme (SEISS) will be made more generous – with self-employed individuals receiving 80% of their average trading profits for November.

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Kickstart Scheme

Kickstart Scheme

Businesses are now able to sign up to be part of the landmark £2 billion Kickstart scheme, giving unemployed young people a future of opportunity and hope by creating high-quality, government-subsidised jobs across the UK.

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We want to hear from you!

We want to hear from you!

This business response survey will help us to gather information on how COVID-19 has affected businesses in the Black Country. This will then help us to find the right support for you and inform the Government on the challenges you are facing.

Take the survey here
Trade Back Grants

Trade Back Grants

In response to the economic crisis, we’ve created Trade Back: a new type of grant that incentivises social impact organisations to trade, while supporting them to recover and rebuild. Trade Back grants match ‘pound-for-pound’ any increase in income from trading above Covid period levels.

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Job Retention Bonus

Job Retention Bonus

Find out if you’re eligible to claim the Job Retention Bonus and what you need to do to claim it. You will be able to claim it between 15 February 2021 and 31 March 2021.

Click here
Job Brokerage Service (BCLEP)

Job Brokerage Service (BCLEP)

As a response to the Covid-19 situation, BCGH and the Black Country Local Enterprise Partnership are working with partners to create a Black Country-wide job brokerage service.

Find more information here
Recovery for Business Advice Scheme

Recovery for Business Advice Scheme

Access free support from experts and help your business recover from the impact of Coronavirus. Supported by the Department of BEIS and leading professional bodies, expert advisers are offering free advice to businesses.

Find out more here
The Future Fund

The Future Fund

The Future Fund is now open and will provide government loans to UK-based companies ranging from £125,000 to £5 million, subject to at least equal match funding from private investors. These convertible loans may be a suitable option for businesses that rely on equity investment and are unable to access the Coronavirus Business Interruption Loan Scheme.

More information here
Small Business Leadership Programme and Peer Networks

Small Business Leadership Programme and Peer Networks

These complementary initiatives are designed to help small and medium-sized businesses (SMEs) in England improve their leadership skills and enable learning with peers. The 2 schemes represent a £20 million investment by BEIS.

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Coronavirus Business Interruption Loan Scheme (CBILS)

Coronavirus Business Interruption Loan Scheme (CBILS)

CBILS supports a wide range of business finance products, including term loans, overdrafts, invoice finance and asset finance. The scheme provides the lender with a government-backed guarantee potentially enabling a ‘no’ credit decision from a lender to become a ‘yes’. The borrower always remains 100% liable for the debt.

Click here for more details
Be the Business: Rapid Response Cohort

Be the Business: Rapid Response Cohort

Be the Business has released a Rapid Response Cohort (RRC) Mentoring Programme. This is a 12 week mentoring programme where SME leaders/key decision makers can access a mentor from leading firms to work with them for 12 weeks on the immediate challenges and priorities they are facing during this pandemic.

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Need support?

If you need help to combat the effects Coronavirus has had on your business or employees, please get in touch with our team!

0300 770 2245        enquiries@bcgrowthhub.com