UK Small Business Resource Centre

Goldman Sachs believes small business owners and start-up entrepreneurs fuel the engine of local and national economies all over the world. We are deeply committed to supporting these business leaders during this uncertain time with clear, tangible steps to access capital and additional resources.  

Our commercial and philanthropic efforts focused on these communities include our Urban Investment Group, whose work spans comprehensive community and economic development; 10,000 Small Businesses and 10,000 Women which provide education, networking, and access to capital for business owners; and Launch With GS, the firm’s $500 million investment strategy grounded in the belief that diverse teams drive strong returns. Now more than ever we are marshalling our resources, our insights, and our global network to support small businesses struggling with the economic fallout of COVID-19.

 


A Message to Small Business Owners in the UK from Richard J. Gnodde, CEO of Goldman Sachs International
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UK Government Plan For Jobs

UK Government Plan For Jobs

The government has significantly increased the reach of its winter support schemes to ensure livelihoods and jobs across the UK continue to be protected in the difficult months to come, supporting jobs and helping to contain the virus. People and businesses across the UK are being provided with additional financial support as part of the government’s plan for the next phase of its response to the coronavirus outbreak.

Throughout the crisis the government’s priority has been to protect lives and livelihoods. Coronavirus Job Retention Scheme (CJRS) - also known as the Furlough scheme - will remain open until December, with employees receiving 80% of their current salary for hours not worked, up to a maximum of £2,500.

Deadlines for applications for government-backed loan schemes and the Future Fund have been further extended until 31 January 2021.

More information about this extension and other new support measures can be found here: https://www.gov.uk/government/news/furlough-scheme-extended-and-further-economic-support-announced
 

Coronavirus Job Retention Scheme (CJRS) Extended

Employers small or large, charitable or non-profit, are eligible for the extended Job Retention Scheme, which will continue until the end of March 2021. The CJRS extension will be reviewed in January to examine whether the economic circumstances are improving enough for employers to be asked to increase contributions.

  • Employer flexibility: Businesses will have flexibility to use the scheme for employees for any amount of time and shift pattern, including furloughing them full-time.
  • Employer contribution: There will be no employer contribution to wages for hours not worked. Employers will only be asked to cover National Insurance and Employer pension contributions for hours not worked. For an average claim, this accounts for just 5% of total employment costs or £70 per employee per month. We will review the policy in January to decide whether economic circumstances are improving enough to ask employers to contribute more.
  • Payment: The extended CJRS will operate as the previous Scheme did, with businesses being able to claim either shortly before, during or after running payroll. Claims can be made from 8am Wednesday 11 November. Claims made for November must be submitted to HMRC by no-later than 14 December 2020. Claims relating to each subsequent month should be submitted by day 14 of the following month, to ensure prompt claims following the end of the month which is the subject of the claim.
  • Employee eligibility: Neither the employer nor the employee needs to have previously claimed or have been claimed for under CJRS to make a claim under the extended CJRS (if other eligibility criteria are met). An employer can claim for employees who were employed and on their PAYE payroll on 30 October 2020. The employer must have made a PAYE Real Time Information (RTI) submission to HMRC between 20 March 2020 and 30 October 2020, notifying a payment of earnings for that employee.
  • Employees that are re-employed: Employees that were employed and on the payroll on 23September 2020 (the day before the Job Support Scheme announcement) who were made redundant or stopped working afterwards can be re-employed and claimed for. The employer must have made an RTI submission to HMRC from 20 March 2020 to 23 September 2020, notifying a payment of earnings for those employees.
  • HMRC will publish details of employers who make claims from December onwards under the extended scheme.

UK Government Financial Support Resources

UK Government Financial Support Resources

The government has significantly increased the reach of its winter support schemes to ensure livelihoods and jobs across the UK continue to be protected in the difficult months to come, supporting jobs and helping to contain the virus. People and businesses across the UK are being provided with additional financial support as part of the government’s plan for the next phase of its response to the coronavirus outbreak.

Throughout the crisis the government’s priority has been to protect lives and livelihoods. Coronavirus Job Retention Scheme (CJRS) - also known as the Furlough scheme – has been extended until the end of March 2021 with employees receiving 80% of their current salary for hours not worked, up to a maximum of £2,500. Similarly, support for millions more workers through the Self-Employment Income Support Scheme (SEISS) will be increased, with the third grant covering November to January calculated at 80% of average trading profits, up to a maximum of £7,500.

Deadlines for applications for government-backed loan schemes and the Future Fund have been further extended until 31 January 2021.

More information about this extension and other new support measures can be found here: https://www.gov.uk/government/news/government-extends-furlough-to-march-and-increases-self-employed-support

The economic support factsheet can be accessed here: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/932977/ECONOMIC_SUPPORT_FACTSHEET_5_November.pdf

Financial support for businesses during coronavirus (COVID-19)

A full range of business support measures have been made available to UK businesses. These are changing to reflect the kinetic nature of the virus.

To find out more about the most up to date financial support available from the government: https://www.gov.uk/government/collections/financial-support-for-businesses-during-coronavirus-covid-19
 

Business Grants

Businesses whose premises are being forced to close in England under the latest lockdown restrictions are to receive grants worth up to £3,000 per month under the Local Restrictions Support Grant. Also, £1.1bn is being given to Local Authorities, distributed on the basis of £20 per head, for one-off payments to enable them to support businesses more broadly.

Businesses required to close in England due to local or national restrictions will be eligible for the following:

  • For properties with a rateable value of £15k or under, grants to be £1,334 per month, or £667 per two weeks;
  • For properties with a rateable value of between £15k-£51k grants to be £2,000 per month, or £1,000 per two weeks;
  • For properties with a rateable value of £51k or over grants to be £3,000 per month, or £1,500 per two weeks.
     

 

Kickstart Job Creation Scheme

As part of the government’s Plan for Jobs, a new £2 billion Kickstart Scheme will create hundreds of thousands of new, fully subsidised jobs for young people across the country.

The 6-month placements are open to those aged 16-24 who are claiming Universal Credit and at risk of long-term unemployment. They will be available across a range of different sectors in England, Scotland and Wales. The first placements are likely to be available from November.

There will also be extra funding to support young people to build their experience and help them move into sustained employment after they have completed their Kickstart funded job.

Employers will receive funding for 100% of the relevant National Minimum Wage for 25 hours a week, plus associated employer National Insurance contributions and employer minimum auto-enrolment pension contributions.

Applications must be for a minimum of 30 job placements. If you are unable to offer this many job placements, you can find someone to apply on behalf of a group of employers to reach the minimum number.

To find out more: https://www.gov.uk/government/collections/kickstart-scheme

Apply for a grant: 30 or more job placements: https://www.gov.uk/guidance/apply-for-a-kickstart-scheme-grant-30-or-more-job-placements

Apply for a grant: 29 or less job placements: https://www.gov.uk/guidance/apply-for-a-kickstart-scheme-grant-29-or-less-job-placements

Find someone to apply for a Kickstart Scheme grant on your behalf: https://www.gov.uk/guidance/find-someone-to-apply-for-a-kickstart-scheme-grant-on-your-behalf
 

Scaling Up Employment Support

A total of £1.6 billion will be invested in scaling up employment support schemes, training and apprenticeships to help people looking for a job. Young people, who are amongst the worst hit by the crisis, will benefit from this. This includes:

  1. Businesses will be given £2,000 for each new apprentice they hire under the age of 25. This is in addition to the existing £1,000 payment the Government already provides for new 16-18-year-old apprentices and those aged under 25 with an Education, Health and Care Plan.
  2. A £111 million investment to triple the scale of traineeships in 2020-21 ensuring more young people have access to high quality training.
  3. £17 million of funding to triple the number of sector-based work academy placements in 2020-21.
  4. Nearly £900 million to double the number of work coaches to 27,000.
  5. Over a quarter of a million more young people to benefit from an extra £32 million investment in the National Careers Service.

Infrastructure Job Creation

The plan will also create tens of thousands of jobs through bringing forward work on £8.8 billion of new infrastructure, decarbonisation and maintenance projects. This includes a £3 billion green investment package that could help support around 140,000 green jobs and upgrade buildings and reduce emissions. In addition, £5.8 billion will be spent on shovel-ready construction projects to get Britain building.

Job Protection Measures

The plan will also protect jobs. The tourism and hospitality sectors are massive employers in the UK and have been severely impacted by the pandemic due to necessary closures to protect public health.

The rate of VAT applied on most tourism and hospitality-related activities will also be cut from 20% to 5%. This will save households around £160 per year on average and will support over 2.4 million staff at over 150,000 businesses. This has been extended in the Chancellor’s Winter Plan to the end of March 2021.

With the goals of increasing consumer confidence, driving growth and supporting jobs across the housebuilding and property sectors, a temporary increase to the Nil Rate Band of Residential SDLT (Stamp Duty) from £125,000 to £500,000 is being introduced until 31 March 2021.

To find out more about these measures: https://www.gov.uk/government/news/rishis-plan-for-jobs-will-help-britain-bounce-back

Supporting and related documents can be found here: https://www.gov.uk/government/publications/a-plan-for-jobs-documents

Coronavirus Business Interruption Loan Scheme (CBILS)

The Coronavirus Business Interruption Loan Scheme supports small and medium-sized businesses, with an annual turnover of up to £45m, to access loans, overdrafts, invoice finance and asset finance of up to £5 million for up to six years.

The government will also make a Business Interruption Payment to cover the first 12 months of interest payments and any lender-levied fees. This means smaller businesses will benefit from no upfront costs and lower initial repayments.

The government will provide lenders with a guarantee of 80% on each loan (subject to pre-lender cap on claims) to give lenders further confidence in continuing to provide finance to small and medium-sized businesses.

The scheme is delivered through commercial lenders, backed by the government-owned British Business Bank.

There are over 70 accredited lenders able to offer the scheme, including all the major banks. 

The scheme facilitates access to finance for mid-sized and larger businesses with a group turnover of more than £45m affected by the coronavirus outbreak.

The maximum amount available through CLBILS to a borrower and its group is £200m. Term loans and revolving credit facilities over £50m will be offered by CLBILS lenders which have secured additional accreditation. The maximum size for invoice finance and asset finance facilities remains at £50m.

Companies borrowing more than £50m through CLBILS are subject to further restrictions on dividend payments, senior pay and share buy-backs during the period of the loan.

In the Chancellor’s Winter Plan, he announced that he would be extending applications for the government’s CBILS scheme until the end of November. This change aligns all the end dates of all government loan schemes, ensuring that there is further support in place for those firms who need it. CBILS lenders will also be able to extend the length of the loans from a maximum of six years to ten years.

The scheme is now open until 31st January 2021. This change aligns all the end dates of all government loan schemes, ensuring that there is further support in place for those firms who need it. CBILS lenders will also be able to extend the length of the loans from a maximum of six years to ten years.

To find out more: https://www.gov.uk/guidance/apply-for-the-coronavirus-business-interruption-loan-scheme

To find a lender : https://www.gov.uk/guidance/apply-for-the-coronavirus-business-interruption-loan-scheme

Bounce Back Loans Scheme (BBLS)

Thousands of small firms and sole traders – including high street staples like hairdressers, coffee shops and florists – are eligible for 100% government-backed Bounce Back Loans to help them make it through the coronavirus outbreak.

Small businesses can apply for quick and easy-to-access loans immediately. Businesses are able to borrow between £2,000 and £50,000 with the cash arriving within days. Loans will be 100% government backed for lenders, and businesses apply online through a short and simple form. The government has agreed with lenders that an affordable flat rate of 2.5% interest will be charged on these loans. Any business that has already taken out a Coronavirus Business Interruption Loan of £50,000 or less can apply to have these switched over to this generous new scheme.

In the Chancellor’s Winter Plan borrowers have been given the option to extend the length of these loans from a maximum of six years to ten years if it will help businesses to repay the loan reducing monthly payments by nearly half.

The scheme is open for applications until 31st January 2021.

The government is adjusting the Bounce Back Loan Scheme rules to allow those businesses who have borrowed less than their maximum (i.e. the lower of £50,000 or less than 25% of their turnover) to top-up their existing loan. They can make use of this option only once.

To apply for a Bounce Back Loan: https://www.gov.uk/guidance/apply-for-a-coronavirus-bounce-back-loan

 

The Future Fund

Announced by the Chancellor on 20 April, the Future Fund issues convertible loans to innovative UK companies with good potential, that typically rely on equity investment and are currently affected by Covid-19. The scheme will help these companies through the current period of economic disruption and the recovery, so they are able to continue their growth trajectory and reach their full economic potential. The scheme is designed by government and delivered by the British Business Bank

The Government has made £250 million available for the Future Fund and will keep this amount under review. The scheme is initially open for applications until 31st January 2021

The Future Fund will provide convertible loans to UK-based companies ranging from £125,000 to £5 million, subject to at least equal matched funding from private investors.

The minimum aggregate loan amount is £250,000. The maximum amount of the Government loan is £5 million. There is no cap on the amount that the matched investor(s) may loan to the company.

This is an investor-led scheme, meaning that a lead investor applies on behalf of themselves and may provide information about other investors making up the investment round, in connection to a company.

To find out more: https://www.gov.uk/guidance/future-fund

To apply: https://www.uk-futurefund.co.uk/s/

 

Job Retention Bonus Scheme

The Job Retention Bonus is a £1,000 one-off taxable payment to the employer, for each eligible employee that was furloughed and kept continuously employed until 31 January 2021.

The bonus can be claimed between 15 February 2021 and 31 March 2021. This sum does not have to pay this money to an employee.

A company can claim the bonus if it’s an employer who has furloughed employees and made an eligible claim for them through the Coronavirus Job Retention Scheme. The employee must have been eligible for the Coronavirus Job Retention Scheme grant for the company to be eligible for the bonus.

To find out more: https://www.gov.uk/guidance/check-if-you-can-claim-the-job-retention-bonus-from-15-february-2021
 

Self-Employment Income Support Scheme

The government is increasing its support to the self-employed over the coming months and ensuring people get paid faster than previously planned.

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

The Government has announced it is increasing the overall level of the grant to 80% of trading profits covering November to January for all parts of the UK. This provides equivalent support to the self-employed as is being provided to employees through the government contribution in the CJRS. It is calculated based on 80% of 3 months’ average trading profits, paid out in a single instalment and capped at £7,500.

HMRC will pay this more generous grant sooner than planned and in good time for Christmas – the window for claiming a grant will open on 30 November, two weeks earlier than previously announced.

The Government has already announced that there will be a fourth SEISS grant covering February to April. The Government will set out further details, including the level, of the fourth grant in due course.

Business Rates Holidays for Retail, Hospitality or Leisure Businesses

Businesses in the retail, hospitality and leisure sectors in England will not have to pay business rates for the 2020 to 2021 tax year.

To find out more: https://www.gov.uk/guidance/check-if-your-retail-hospitality-or-leisure-business-is-eligible-for-business-rates-relief-due-to-coronavirus-covid-19
 

Business Rates Holidays for Nurseries England Only

Nurseries in England do not have to pay business rates for the 2020-21 tax year. To find out more: https://www.gov.uk/guidance/check-if-your-nursery-is-eligible-for-business-rates-relief-due-to-coronavirus-covid-19

Statutory Sick Pay (SSP) Rebate

The Coronavirus Statutory Sick Pay Rebate Scheme will repay employers the Statutory Sick Pay paid to current or former employees.

You can use the scheme as an employer if you’re claiming for an employee who’s eligible for sick pay due to coronavirus; you have a PAYE payroll scheme that was created and started on or before 28 February 2020; you had fewer than 250 employees on 28 February 2020 across all your PAYE payroll schemes.

Further information may be found here: https://www.gov.uk/guidance/claim-back-statutory-sick-pay-paid-to-employees-due-to-coronavirus-covid-19

If You Cannot Pay Your Tax Bill On Time

Contact HM Revenue and Customs (HMRC) as soon as possible if you have missed your payment. How you contact HMRC depends on what you need to pay. Because of coronavirus you may be able to delay (defer) some tax payments without paying a penalty. To find out more: https://www.gov.uk/difficulties-paying-hmrc

VAT Deferral

On 24 September 2020, the Chancellor announced that businesses who deferred VAT due from 20 March to 30 June 2020 will now have the option to pay in smaller payments over a longer period.

Instead of paying the full amount by the end of March 2021, you can make smaller payments up to the end of March 2022, interest free.

You will need to opt-in to the scheme, and for those who do, this means that your VAT liabilities due between 20 March and 30 June 2020 do not need to be paid in full until the end of March 2022.

Those that can pay their deferred VAT can still do so by 31 March 2021.

To find out more: https://www.gov.uk/guidance/deferral-of-vat-payments-due-to-coronavirus-covid-19

Covid-19 Corporate Financing Facility UK-Wide

This scheme helps large businesses affected by coronavirus (COVID-19) through the purchase of their short-term debt. Under the COVID-19 Corporate Financing Facility (CCFF), the Bank of England will buy short-term debt from large companies. This scheme will support your company if it’s been affected by a short-term funding squeeze, and allow you to finance your short-term liabilities.

It will also support corporate finance markets overall and ease the supply of credit to all firms.

The scheme is delivered through commercial lenders, backed by the Bank of England. 

It will operate for at least 12 months, and for as long as steps are needed to relieve cash flow pressures on firms that make a material contribution to the UK economy. To find out more: https://www.gov.uk/guidance/apply-for-the-covid-19-corporate-financing-facility

 

£750 Million Coronavirus Funding for Frontline Charities UK-Wide

Charities across the UK will receive a £750 million package of support to ensure they can continue their vital work during the coronavirus outbreak.

As part of a UK-wide package of support, £360 million will be directly allocated by government departments to charities providing key services and supporting vulnerable people during the crisis. As well as this, £370 million for small and medium-sized charities, including through a grant to the National Lottery Community Fund for those in England, will support those organisations at the heart of local communities which are making a big difference during the outbreak, including those delivering food, essential medicines and providing financial advice.

The Chancellor has also announced that the Government will match fund whatever the public decides to donate to the BBC’s Big Night In charity appeal on 23 April, starting with a contribution of at least £20 million to the National Emergencies Trust appeal. To find out more: https://www.gov.uk/government/news/chancellor-sets-out-extra-750-million-coronavirus-funding-for-frontline-charities

The Future Fund

Announced by the Chancellor on 20 April, the Future Fund issues convertible loans to innovative UK companies with good potential that typically rely on equity investment and are currently affected by Covid-19. The scheme will help these companies through the current period of economic disruption and the recovery so they are able to continue their growth trajectory and reach their full economic potential. The scheme is designed by government and delivered by the British Business Bank.

The Government has made £250 million available for the Future Fund and will keep this amount under review. The scheme is initially open for applications from Wednesday 20th May until Monday 30th November 2020.

The Government has made £250 million available for the Future Fund, and will keep this amount under review. The scheme is initially open for applications from Wednesday 20th May until the end of September 2020.

The Future Fund will provide convertible loans to UK-based companies ranging from £125,000 to £5 million, subject to at least equal matched funding from private investors.

The minimum aggregate loan amount is £250,000. The maximum amount of the Government loan is £5 million. There is no cap on the amount that the matched investor(s) may loan to the company.

This is an investor-led scheme, meaning that a lead investor applies on behalf of themselves and may provide information about other investors making up the investment round, in connection to a company.

The distribution of funds for successful applications will be handled through a nominated company solicitor. It is the company’s responsibility to appoint a solicitor with the necessary right to practice and handle client monies.

To be eligible for the scheme, the company must meet the following criteria:

  1. The company must have raised at least £250,000 in equity from third-party investors in previous funding rounds in the last five years (from 1 April 2015 to 19 April 2020, inclusive)
  2. If the company is a member of a corporate group, it must be the ultimate parent company
  3. The company does not have any of its shares or other securities listed on a regulated market, a multilateral trading facility, a recognised investment exchange and/or any other similar market, stock exchange or listing venue
  4. The company must be a UK incorporated limited company
  5. The company must have been incorporated on or before 31 December 2019
  6. At least one of the following must be true for the company:
  7. Half or more employees are UK based
  8. Half or more revenues are from UK sales

Investors and companies should note that the proceeds of the convertible loan agreement must not be used by the company to:

  1. Repay any borrowings from a shareholder or a shareholder related party (other than the repayment of any borrowings pursuant to any bank or venture debt facilities);
  2. Pay any dividends or other distributions;
  3. For a period of twelve months from the date of the relevant convertible loan agreement, make any bonus or other discretionary payment to any employee, consultant or director of the company other than as contracted prior to the date hereof and as paid by the Company in the ordinary course of business; or
  4. Pay any advisory or placement fees or bonuses to any corporate finance entity or investment bank or similar service provider on monies advanced by the Future Fund.

To find out more: https://www.british-business-bank.co.uk/ourpartners/coronavirus-business-interruption-loan-schemes/future-fund/company-information/

 

The Sustainable Innovation Fund

The Sustainable Innovation Fund will help companies recovering from the impact of coronavirus (COVID-19) keep their cutting-edge projects and ideas alive. Funding totalling almost £200 million could go towards developing new technologies focused on making homes and offices more energy efficient to cut bills, creating ground-breaking medical technologies to treat infections and diseases, or reducing the carbon footprint of public transport in our towns and cities.

The Sustainable Innovation Fund will help power the UK’s economic recovery and develop new sustainable opportunities for businesses in any sector following the coronavirus pandemic, while helping the UK meet its ambitions to cut carbon emissions to net zero by 2050.

This funding, delivered through Innovate UK, forms part of a wider £750 million package of grants and loans announced in April to support innovative firms. This sits alongside the new £500 million Future Fund, which provides match-funding to private investors.

To find out more: https://www.gov.uk/government/news/government-unveils-200-million-package-to-help-innovative-businesses-bounce-back

To apply for support: https://apply-for-innovation-funding.service.gov.uk/competition/678/overview

£20 Million in New Grants to Boost Recovery of Small Businesses

Thousands of smaller businesses in England are set to benefit from £20 million of new government funding to help them recover from the effects of the coronavirus pandemic. Small and medium sized businesses will have access to grants of between £1,000 - £5,000 to help them access new technology and other equipment as well as professional, legal, financial or other advice to help them get back on track.

The support will be fully funded by the government from the England European Regional Development Fund and distributed through Growth Hubs, embedded in local areas across England.

To find out more: https://www.gov.uk/government/news/20-million-in-new-grants-to-boost-recovery-of-small-businesses

£1.57 Billion Investment to Protect Britain’s World-Class Cultural, Arts and Heritage Institutions

UK-wide £500 Million Film and TV Production Restart Scheme

The new UK-wide £500 million Film and TV Production Restart Scheme will help to get TV and film productions across the country that have been halted or delayed by a lack of insurance to get back up and running, by giving productions the confidence they need that they will be supported if future losses are incurred due to Covid-19.

It will fill the gap left by the lack of available insurance and cover coronavirus-related losses for cast member and crew illnesses and filming delays or disruptions caused by the ongoing battle against the virus.

To find out more: https://www.gov.uk/government/news/dowden-jump-start-for-uks-leading-creative-industries

Trade Credit Guarantee

Businesses with supply chains which rely on Trade Credit Insurance and who are experiencing difficulties maintaining cover due to Coronavirus will get support from the government.

The government will temporarily guarantee business-to-business transactions currently supported by Trade Credit Insurance, ensuring the majority of insurance coverage will be maintained across the market. This will support supply chains and help businesses to trade with confidence as they can trust that they will be protected if a customer defaults on payment.

To find out more: https://www.gov.uk/government/news/government-to-support-businesses-through-trade-credit-insurance-guarantee

HMRC Helpine

HMRC have online help set up to help businesses and self-employed people concerned about not being able to pay their tax due to coronavirus.

The best way to get help from HMRC on any topic is to contact them online.

Alternatively, you can call them on 0800 0159 559 

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Other Government Support Resources

£20 Million Business Leadership Support Scheme

As the Coronavirus (COVID-19) crisis spurs British businesses to adopt new ways of working, the government is investing £20 million to improve small businesses’ management, productivity and problem-solving skills through 2 training programmes, at this crucial time in the UK’s economic recovery.

The Small Business Leadership Programme will focus on strengthening decision-makers’ leadership skills, so they are able to address management challenges, some of which, such as remote working, have arisen from coronavirus. The programme will equip business leaders with the confidence and leadership skills to plan for the future of their business and ensure that they are in a great position to recover from the impacts of coronavirus.

Additionally, the Peer Networks Programme will focus on helping business owners improve their problem-solving skills, through a series of guided exercises. Participants will take part in sessions where common coronavirus related business challenges will be discussed, such as finding new customers and using technology such as customer record management and websites to adapt a business model. Members of the programme will be given skills in areas such as leadership and management, sales and marketing that they need to tackle these challenges head-on while growing their business.

To find out more about the Small Business Leadership Programme: https://smallbusinesscharter.org/small-business-leadership-programme/

To find out more about the Peer Networks Programme: https://www.peernetworks.co.uk
 

Prevent Your Business From Being Evicted

The UK government has extended measures to prevent struggling companies from eviction over the summer. The extension, until the end of September, comes alongside further support to help local businesses plan for economic recovery following the coronavirus pandemic.  

A new code of practice has been developed with leaders from the retail, hospitality and property sectors to provide clarity for businesses when discussing rental payments and to encourage best practice so that all parties are supported.

These interventions are in addition to the comprehensive financial package provided by the UK government to businesses during this difficult time and is in recognition of the strain that the sector is currently under.

To find out more: https://www.gov.uk/government/news/government-provides-further-halt-to-business-evictions-and-more-support-for-high-street-firms

To access the code: https://www.gov.uk/government/publications/code-of-practice-for-the-commercial-property-sector

Coronavirus (COVID-19) - Fraud and Cyber Crime

Measures announced over recent weeks to deal with Coronavirus (COVID-19) have seen day-to-day life drastically changed with more time at home and online. Unfortunately, criminals will use every opportunity they can to scam innocent people and their businesses.

This government guidance explains simple steps individuals can take to protect themselves and their business against fraud and cyber crime and where to get help.

To find out more: https://www.gov.uk/government/publications/coronavirus-covid-19-fraud-and-cyber-crime

Working Safely During Coronavirus (Covid-19)

The government, in consultation with industry, has produced guidance to help ensure workplaces are as safe as possible.

The 8 guides cover a range of different types of work. Many businesses operate more than one type of workplace, such as an office, factory and fleet of vehicles. You may need to use more than one of these guides as you think through what you need to do to keep people safe.

The guides have been updated to reflect the phased opening of shops and retail establishments from the 1st June.

The guides set out practical steps for businesses focused on 5 key points, which should be implemented as soon as is practical:

  1. Work from home if you can
  2. Carry out a Covid-19 risk assessment, in consultation with workers or trade unions
  3. Maintain a 2 metres social distancing, wherever possible
  4. Where people cannot be 2 metres apart, manage transmission risk
  5. Reinforcing cleaning processes

To find out more: https://www.gov.uk/government/news/new-guidance-launched-to-help-get-brits-safely-back-to-work

To access the guides: https://www.gov.uk/guidance/working-safely-during-coronavirus-covid-19

Corporate Insolvency and Governance

New measures announced by the government will help to relieve the burden on businesses during the coronavirus (COVID-19) outbreak. The measures in this new Corporate Insolvency and Governance Bill will allow them to focus all their efforts on continuing to operate.

The Bill will introduce temporary easements on filing requirements and Annual General Meetings (AGMs). Introduce new corporate restructuring tools to the insolvency regime to give companies the time they need to maximise their chance of survival and temporarily suspend parts of insolvency law to support directors during this difficult time.

Extensions have also been introduced to certain filing requirements including confirmation statements, accounts, registrations of charges (mortgage) and event-driven filings, such as a change to your company’s directors or people with significant control.

To find out more: https://www.gov.uk/government/news/how-the-corporate-insolvency-and-governance-bill-will-help-your-business

Thousands of Business Advisers to Offer Free Services to Small Firms

The Recovery Advice for Business scheme, supported by the government and hosted on the Enterprise Nation website, will give small firms access to free, one-to-one advice with an expert adviser to help them through the coronavirus pandemic and to prepare for long-term recovery. The platform is now live.

Advice offered will include bespoke, specialist assistance from accountancy, legal, and advertising to marketing, recruitment and digital to help businesses adapt to difficult circumstances and to bounce back as the UK economy recovers.

To find out more: https://www.gov.uk/government/news/thousands-of-business-advisers-to-offer-free-services-to-small-firms
 

Find a Job Service

If your business needs more workers as a result of COVID-19, such as those in food logistics, preparation and retail, post vacancies on Find a Job.

Coronavirus (Covid-19) - Getting Tested

The government’s priority is testing patients to inform their clinical diagnosis. In addition, they are now also testing essential workers with symptoms and people who live with essential workers and have symptoms.

This means essential workers including council workers can find out whether they have the virus, and can be helped in returning to work if they test negative. Testing is most effective within 3 days of symptoms developing.

To book a test: https://www.gov.uk/apply-coronavirus-test-essential-workers

Guidance for Safer Travel During the Next Phase of the Coronavirus (Covid-19) Pandemic

The latest government guidance provides advice on how passengers should make journeys safely, following the publication of the government’s roadmap and strategy for the next phase of the pandemic. It urges people to consider cycling, walking or driving to help ensure there is enough capacity for those who need to travel on public transport to do so safely.

To find out more: https://www.gov.uk/government/news/new-guidance-published-to-ensure-transport-network-is-safe-for-those-who-need-to-use-it

Business Support Helpline

Contact the Government’s Business Support Helpline for free advice: 0300 456 3565 Monday to Friday, 9am to 6pm. 

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Other Financial Support Resources

British Business Bank Application Portal

The Coronavirus Business Interruption Loan Schemes and Future Fund are designed to support UK businesses that are losing revenue and seeing their cashflow disrupted as a result of the COVID-19 outbreak.

To find out more: https://www.british-business-bank.co.uk/ourpartners/coronavirus-business-interruption-loan-schemes/

Additional Finance and Support for Your Business

There are 175 specific industry and regional schemes across the United Kingdom supported by the Department for Business, Energy & Industrial Strategy. You can find out which ones are available to your business here: https://www.gov.uk/business-finance-support

Coronavirus Support from Business Representative Organisations and Trade Associations

The government has published a directory of Coronavirus support from Business Representative Organisations and Trade Associations.

The directory may be accessed here: https://www.gov.uk/guidance/coronavirus-support-from-business-representative-organisations-and-trade-associations

Growth Hubs

England’s 38 LEP Growth Hubs are providing practical support and guidance to the thousands of local employers and businesses across the country facing the challenges caused by the economic impact of the coronavirus. Find your Growth Hub here: https://www.lepnetwork.net/growth-hubs/  

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Business Advice Resources

Business Advice Resources

Think with Google

6 lockdown consumer trends that will be here for the long term. Article: https://www.thinkwithgoogle.com/intl/en-gb/consumer-insights/consumer-trends/6-lockdown-consumer-trends-will-be-here-long-term


Marketing Week

Are brands living up to their purpose during the coronavirus crisis?
Article: https://www.marketingweek.com/brand-purpose-coronavirus-crisis/

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Personal Wellbeing Resources

Personal Wellbeing Resources

Other current support services that can be accessed online include:

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