Share this article share on facebook icon share on twitter icon

Enterprise Enfield have suspended their advice and business advice and support service for the time being. Businesses seeking advice and support should follow the links below. For updates visit www.enterpriseenfield.org/coronavirussupport

Government Support

The government has put together a package of measures to support businesses through this unprecedented crisis – for full details of all schemes and eligibility visit www.businesssupport.gov.uk  - including:

  • The temporary Coronavirus Business Interruption Loan Scheme supports small and medium-sized businesses with access to loans, overdrafts, invoice finance and asset finance of up to £5 million and for up to six years.
  • Self employment Income Support Scheme will provide a grant to self-employed individuals or partnerships, worth 80% of their profits up to a cap of £2,500 per month. (Expected to start to be paid in June).
  • Coronavirus Job Retention Scheme: HMRC will pay employers a grant worth 80% of an employee’s usual wage costs, up to £2,500 a month, plus the associated Employer National Insurance contributions.
  • Small Business Grant Funding: Local Authorities will support small businesses that already pay little or no business rates because of small business rate relief (SBRR), rural rate relief (RRR) and tapered relief. This will provide a one-off grant of £10,000 to eligible businesses to help meet their ongoing business costs.

London Growth Hub Support

To support London based businesses, the London Growth Hub has published online essential resources for businesses to manage and mitigate their exposure to the impact of Coronavirus. Their online resources include: webinars; factsheets and guides; up to date government support schemes; sector specific support; a planning and managing risk checklist. Visit London Growth Hub Support for Businesses and Employers  

Business owners can also book a 1 hour advice session with one of their London Growth Hub Advisers (via phone, Zoom or Skype).

Log in to comment