Public Health - Coronavirus (COVID-19)

Businesses and employers

 

Updated: Tuesday 7 April

In relation to the coronavirus (Covid-19) situation please follow the latest advice from the government - for employees, employers and businesses.

This advice includes updates on the latest information on grant funding and other support, including for the self-employed.

Payments of government grant support to qualifying Island business ratepayers have now started from the council.

Our Business Rates Team is extremely busy in trying to process your payments, so please remain patient while this is undertaken over the coming days.

If you think your business qualifies in the criteria for business rates support, please use this online form:  Application form for support for businesses affected by Covid-19 (Coronavirus) to provide details so we can process direct payment.

Please direct your business and economy enquiries by email to ecdev@iow.gov.uk 

Support for businesses

The government has set out a package of temporary, timely and targeted measures to support public services, people and businesses through this period of disruption caused by Covid-19.

This includes:

  • a Coronavirus Job Retention Scheme (please see additional notes below);
  • deferring VAT and Income Tax payments;
  • a Statutory Sick Pay relief package for SMEs;
  • a 12-month business rates holiday for all retail, hospitality, leisure and nursery businesses in England;
  • small business grant funding of £10,000 for all business in receipt of small business rate relief or rural rate relief;
  • grant funding of £25,000 for retail, hospitality and leisure businesses with property with a rateable value of more than £15,000 and less than £51,000;
  • grant funding of £10,000 for retail, hospitality and leisure businesses with property with a rateable value of £15,000 and under;
  • the Coronavirus Business Interruption Loan Scheme offering loans of up to £5 million for SMEs through the British Business Bank;
  • a new lending facility from the Bank of England to help support liquidity among larger firms, helping them bridge coronavirus disruption to their cash flows through loans;
  • the HMRC Time To Pay Scheme.

There are also others sources of funding available, including the rural business resilience fund. For details please visit:

 

We will continue to keep this page updated with the latest developments and support, to ensure that your business has access to all the information it needs.

The situation is changing all the time and businesses are also advised to check information on the government website for the latest updates.

Other key advice for businesses

For key advice on other council services affecting your business at this time, please access the relevant information via the links below.

These include areas such as:

Licensing (including ensuring licences held by businesses are renewed);

Environmental Health (including ensuring your business is following the appropriate regulations if you are now undertaking home deliveries of meals etc);

Trading Standards (for advice on product safety, weights and measures or age related products for home delivery);

Planning Services (including how the government is relaxing some aspects of planning to help businesses).

 

We will add further information to our business advice and support pages as it becomes available.