Funding support for local businesses, charities and organisations

 UPDATE - 2 November 2020

The government has announced new measures to support businesses affected by the second national lockdown. We will post more details on how to apply for funding once we receive further guidance from the government. We expect there to be a similar application process to the first lockdown. 

Short links

Support for Businesses

Low Carbon Innovation Fund 2

ERDF funded – a £22m+ tri-LEP investment initiative led by the University of East Anglia and Norfolk County Council, to support SMEs that are making a positive impact on greenhouse gas reduction, through the development of innovative technologies, products or services.

Crowdfund Hertfordshire: Small Business Innovation Fund

For small and micro businesses within tourism, leisure, hospitality, retail, arts and culture sectors. Up to £5,000 per application available, on a £1 to £1 match basis, with money raised through pledges from their community and loyal customers.

Hertfordshire Business Expansion Grant Scheme

For companies registered in England at Companies House (conditions apply). To be used to support the expansion of businesses. Grants between £10,000 and £100,000, subject to an aid ceiling of 50% capital expenditure on fixed assets. At least one full time job must be created.

Business Rates Holiday for Tax Year 2020-21 for Leisure, Retail and Hospitality

Business rates for all retail, leisure and hospitality will be cancelled for tax year 2020-21.

Business Rates Holiday for Tax Year 2020-21 for Nurseries

Business rates for nurseries will be cancelled for tax year 2020-21.

Coronavirus Job Retention Scheme

Businesses to support employees who may otherwise have been made redundant. Businesses must have started a PAYE scheme on or before 19 March 2020, enrolled for PAYE online and have a UK bank account. Up to a maximum of £2,500. To qualify, employers must ensure they place employees on furlough by the 10 June.

Coronavirus Statutory Sick Pay Rebate Scheme

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’ve had a PAYE payroll scheme that was created and started on or before 28 February 2020 and you’ve had fewer than 250 employees on 28 February 2020.

Deferral of VAT Payments

For UK VAT registered businesses and have a VAT payment due between 20 March and 30 June. Businesses have the option to defer the payment until a later date or pay the VAT due as normal.

Delay in Self-Assessment Payments

For UK registered self-employed individuals. Due to the coronavirus, you can delay making your second payment on account and have until the 31 January 2021 to pay it.

Self-Employment Income Support Scheme

For a self-employed individual or a member of a partnership (not for limited companies or operating a trade through a trust – conditions apply). Your business could be adversely affected by coronavirus if, for example, you’re unable to work because you are shielding, self-isolating, are on sick leave because of coronavirus, have caring responsibilities because of coronavirus. You’ve had to scale down or temporarily stop trading because your supply chain has been interrupted, you have fewer or no customers or clients, your staff are unable to come in to work.

Covid Corporate Financing Facility

For UK incorporated companies, including those with foreign-incorporated parents and with a genuine business in the UK; companies with significant employment in the UK; firms with their headquarters in the UK. We will also consider whether the company generates significant revenues in the UK, serves a large number of customers in the UK or has a number of operating sites in the UK. The facility is open to large housing associations that continue to be assessed as V1 grade for viability from the Regulator for Social Housing. Companies must have been in sound financial health before COVID-19.

Support for charities and organisations

County Councillors Locality Budget Scheme

Open to mutual aid and support groups and including any local organisation offering any support to anyone affected by the virus.

Batchworth Community Council

Community Support Grants are available for voluntary organisations and informal groups of volunteers supporting the community during the pandemic. Expenditure must benefit residents of the Batchworth Community Council area.

Watford Rural Parish Council

It is for voluntary organisations and informal groups of volunteers supporting the community during the pandemic. Expenditure must benefit residents of the Watford Rural Parish Council area.

Abbots Langley Parish Council

It is for community groups and charities (not individuals or companies). Expenditure must benefit residents of the Abbots Langley Parish Council area.

Watford and Three Rivers Trust Community Fund

Up to £5,000 per grant available. To support local charities and community groups through the COVID-19 crisis to meet the needs of their existing service users, ensure the resumption of their normal activities, and support new projects that help those in isolation.

Coronavirus Relief Fund for Hertfordshire

Up to £5,000 per grant available. Priority for funding to small organisations providing services and support to older and vulnerable people of all ages in the County as well as those with low and insecure incomes.

Youth Futures Foundation – Development Grant and Impact Grant

It will help organisations who support unemployed, disadvantaged young people across the country into jobs. They will be launching an Emergency Levelling Up Youth Fund to support young people from hardest hit communities; and will expand their Development and Impact grants programme to rapidly increase youth employment provisions.

The Edward Gostling Foundation - Small Grants Programme

Grants of up to £10,000 to eligible charities, providing front line community services, with less than 6 months’ of free reserves.  This funding can be used to support their core operating costs.

Morrisons COVID-19 Homeless Support Fund

The fund is designed to support charities caring for the homeless during the coronavirus outbreak and ensure help gets to those who need it most. Grants of up to £10,000 available.

National Lottery Community Fund – Awards for All

Grants available between £300 - £10,000. For the next six months, applications from voluntary and community groups that need help to respond to Covid-19 will be prioritised: organisations supporting people who are at high risk from Covid-19, supporting communities most likely to face increased demand and challenges as a direct result of measures to prevent the result of Covid-19, organisations with high potential to support communities with the direct and indirect impact of Covid-19.

Aviva Community Fund

For small charities and constituted community groups with innovative ideas that benefit their community - to stay connected, more resilient and gives people the tools to become more financially independent. It has been opened up to fund projects that will ensure organisations can adapt or maintain critical services and infrastructure in response to COVID-19.

Energy Saving Trust – Energy Redress Scheme

Energy Saving Trust has been appointed by Ofgem to distribute payments from energy companies who may have breached rules. Registered charities can apply for funds to deliver energy related projects that meet the scheme priorities and benefit people in England Scotland and Wales.

Support for sports clubs

Sport England – Sector Stimulation

Funding details due to be released by Sport England. It will enable the sector to adapt to changes in the way society operates and that good ideas can be quickly accelerated when they emerge. Support also to re-engage front line staff, coaches and other volunteers, so that they are ready as activity habits return or change.

LTA – COVID-19 Support Packages

Provides an overview of all LTA packages of additional funding and measures to support those involved in tennis in Britain who have been severely impacted by the ongoing coronavirus (COVID-19) crisis.

ECB – Emergency Loan Scheme

To provide cricket clubs and leagues with assistance in exceptional circumstances, where other potential sources of financial support are not available, e.g. constitutionally a loan is not an option or there is a high risk of default in paying back a loan.

ECB – Return to Cricket Grant Scheme

To support affiliated cricket cubs during the COVID-19 crisis by providing funding to assist clubs to cover any shortfall in essential day-to-day running and maintenance costs until normal recreational cricket activity can be resumed.

ECB – League Emergency Loan Scheme

To support affiliated cricket leagues (open-age and junior leagues) during the COVID-19 crisis through the provision of interest-free loans.

Loan Schemes for Businesses and Charities

Bounce Back Loan Scheme

The scheme helps small and medium-sized businesses to borrow between £2,000 and up to 25% of their turnover. The maximum loan available is £50,000. The government guarantees 100% of the loan and there won’t be any fees or interest to pay for the first 12 months. After 12 months the interest rate will be 2.5% a year.

Coronavirus Small Business Interruption Loan Scheme

For small businesses across the UK that are losing revenue and seeing their cash flow disrupted as a result of the COVID-19 outbreak. They must have an annual turnover of up to £45m and have a viable borrowing proposal. Loans up to £5m.

Coronavirus Large Business Interruption Loan Scheme

For large businesses across the UK that are losing revenue and seeing their cash flow disrupted as a result of the COVID-19 outbreak. Values of maximum loans vary depending on maximum turnover: Up to £25m with a turnover from £45m up to £250m or up to £50m with a turnover of over £250m.

Resilience and Recovery Loan Fund

For Social sector organisations: charities and social enterprises. Eligible applicants will be included on the list of qualifying entities (see Appendix 1 in the Fund Guidelines), if a Company Limited by Guarantee or a Company Limited by Shares, have Social Objects in its Articles.

Coronavirus Future Fund

Convertible Loans available between £125,000 to £5m and for UK based companies. May be a suitable option for businesses that rely on equity investment and are unable to access the Coronavirus Business Interruption Loan Scheme. You’re eligible if your business is based in the UK, can attract the equivalent match funding from third-party private investors and institutions, has previously raised at least £250,000 in equity investment from third-party investors in the last 5 years.

Herts LEP SME Growth Loan Scheme

The Herts LEP SME Growth Loan Scheme is available within Hertfordshire to established SME businesses requiring finance to implement expansion activities that will deliver substantial growth. Loans available between £200,000 and £500,000 for up to 5 years. Businesses must be an established SME and have its material part of its operation based in Hertfordshire.

Other support

University of Hertfordshire, Hertfordshire Growth Hub and Hertfordshire LEP - Volunteer Business Support Scheme

The scheme will create a network of volunteers, all of which will play a vital role in supporting Hertfordshire businesses that are either critically distressed or experiencing new demands. The Volunteer Business Support Scheme will create 'business support cells'; a network of volunteers from business backgrounds, with experience of managing or coaching at a strategic level. Volunteers should have a passion for supporting businesses to realise their potential.