Changes to the Coronavirus Job Retention Scheme from July 2021
The Coronavirus Job Retention Scheme has been extended until 30 September 2021 and the level of grant available to employers under the scheme will stay the same until 1 July 2021.
From that date the level of grant will be reduced, and you will be asked to contribute towards the cost of your furloughed employees’ wages. To be eligible for the grant you must continue to pay your furloughed employees 80% of their wages, up to a cap of £2,500 per month for the time they spend on furlough.
For information about the level of government contribution available in the coming months, the required employer contribution and the amount that the employee receives per month where the employee is furloughed 100% of the time click here.
Cllr. Richard Morris
Deputy Leader and portfolio holder for economic growth and tourism.
New business start-up support
This month sees the launch of our new business start-up grant offering increased funding to new businesses. Our grant is part of an exciting and impactful programme of support to help entrepreneurs to turn a great idea into a promising business.
The European funded Enterprising Worcestershire programme has appointed new provider ALP Synergy Ltd with their wide team of business experts to take the programme forward.
Our scheme is available to support new businesses to start up and grow in Wychavon, by providing grants and access to business advice.
Pre-start businesses and new businesses that have been trading less than 36 months can apply for a grant of up to £1,000, or up to £1,500 if they are in or moving into premises that are liable to business rates.
ALP Synergy Ltd will be providing:
- The Start-Up Club, a 6-hour series of expert led workshops on key business start-up topics like ‘Creating and testing your business plan’ and ‘Launching your new product or service’.
- A support network of other people taking their first steps to start a business.
- A further 6 hours of peer to peer sessions through an additional Foundations to Growth Programme for those people planning to start a business which trades with other businesses.
- One to one support sessions to help entrepreneurs to refine their thinking and challenge them to succeed.
The support will be delivered online at a range of times to allow everyone to engage. Please register an interest in the programme here.
If you are a business to consumer business under 3 years old, Enterprising Worcestershire also offer free one to one sessions. Click here to book sessions.
To be eligible for a Wychavon business start-up grant you must have completed the Start-up Club and produced a business plan in your one to one sessions which has been approved by the programme’s business advisors.
Apply for the Wychavon start up grant here.
Please contact Jane Dobson on 01386 565278 or email firstname.lastname@example.org for information about the Wychavon business start-up grant.
Domestic Support Fund for businesses hosting events
A new fund from Visit Britain supporting the events industry recovery will provide financial support to not-for-profit organisations hosting domestic business events from 21 June to 17 December 2021.
Financial support is based on number of delegates attending a live event, or the live component of a hybrid event. The event organisation can apply for £30 per delegate attending an event. This support is available for events from 100 to 500 people, to a maximum value of £15,000 support.
Find out more here.
Self-Employment Income Support Scheme fifth 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 installment. To be eligible for the grant you must be a self-employed individual or a member of a partnership. Guidance for claiming the grant will be available by the end of June 2021. Click here for more information.
COVID business support
COVID restrictions continue, and the Worcestershire Business Central Growth Hub team can help your business access support programmes, funding schemes and provide advice on how to survive, grow and adapt your business.
Please contact the team at WBC to find out more about what you could be eligible for.
Specialist Business Adviser Programme
The Specialist Business Adviser programme is now open for businesses to register their interest to be involved in the FREE support scheme. The programme enables businesses to receive expert advice on specialist topics in a one to one or group setting. Businesses can now register their interest to be involved on the Worcestershire Business Central website here.
Coronavirus (COVID-19): what you need to do
The information available to businesses is changing regularly. We will continue to provide information as soon as we receive it. If you know of any businesses that would benefit from receiving these updates, please let them know they can sign up to our e-newsletter.