Coronavirus – Help for Businesses
We recognise our local businesses are facing a challenging and uncertain time as we all consider the effects of the coronavirus outbreak.
We are extremely proud of our local economy and value all the businesses that make Wakefield the unique, vibrant place it is.
We are supporting our businesses in the following ways:
Business grant application
Help with cashflow problems
To support SME's with cashflow issues, the Coronavirus Business Interruption loan Scheme has been introduced and is live now. Businesses can apply for loans up to £5 million, interest free for 12 months. Talk to your bank or one of the
40 accredited finance providers. The government has provided lenders with a guarantee of 80% of each loan to improve availability of cash. The full rules are available at the
British business Bank website.
We recognise that there are self-employed individuals out there who are concerned at how Covid-19 will affect their income streams. Where you do not qualify for any of the above grants, and / or are not able to take on additional lending, the government has introduced steps to increase access to Universal Credit. In addition, the minimum income floor has been suspended for the self-employed and the standard allowance will rise over the next 12 months. This means self-employed people can access Universal Credit at a rate equivalent to Statutory Sick Pay. For more information, see the
Universal Credit page. There is also Mortgage support, following discussions with industry, for those in difficulty due to coronavirus, mortgage lenders will offer mortgage holidays of 3 months.
Small business grants
- For information on
small business grants
You can only access the small business grants scheme through this link. If someone texts, calls or emails claiming to be from Wakefield Council, HMRC or any other government department, saying that you can claim financial help or are owed a tax refund, and asks you to click on a link or to give information such as your name, credit card or bank details, it is a scam.
For those paying income tax through self-assessment, payments on account due on 31st July 2020 this will be deferred until January 2021.
Help for employers
A Statutory Sick Pay (SSP) rebate scheme is being developed for SME's based in the UK, allowing them to reclaim SSP for sickness absence due to Covid-19. Employers should maintain records of absence, and employees will not need to provide a GP fit note. If evidence is required, employees with symptoms of Covid-19 can get an isolation note from
NHS 111 online. Those who live with someone with symptoms who are self-isolating can get a note from the
What if my staff are not able to work from home?
Who can I talk to?
Step up support
Our Step-Up team are on hand to provide businesses and staff with help with recruitment, training and redundancy advice.
To contact the team please contact 01924 303334 or email