Coronavirus: Loan and funding support options for businesses
Posted on: 13/11/20
A range of loans, grants and support options are being made available to businesses, charities and community groups across the country to help them tackle the COVID crisis.
Here’s a selection of support options, with different closure dates and eligibility criteria.
Resilience And Recovery Loan Fund
Loans of between £100,000 to £500,000 without requiring personal guarantees and charging no interest fees or interest for 12 months.
Bounce Back Loans Scheme
Loans for small and medium business £2,000-£50,000.
Loans up to £5,000,000 interest free for first 12 months.
Central Government Financial Aid for Businesses
BT Small Business Support
Grants of £2500 for small businesses to upgrade to Ethernet Ultra-fast Business Connections.
BIRMINGHAM CITY COUNCIL
Birmingham City Council General Advice
Small Business Grant Funding
Grants from £10,000-£25,000 depending upon rateable value.
Test and Trace Support Payments
Payments of up to £500.00 following a positive COVID test for loss of earnings to individuals.
Training Grants of £500.00-£18,000 to small and medium enterprises
ARTS/SPORT AND HERITAGE
We are Cycling UK
Grants of £3,000 for community bike initiatives.
The Radcliffe Trust
Grants of £2,500-£7,500 in arts and heritage.
Arts Council England
Name of Fund: Covid-19 Support to organisations and individuals (details ongoing).
SMALL BUSINESS SUPPORT
Princes Trust and NatWest
To help young entrepreneurs (18-30) across the UK to keep their businesses afloat during the coronavirus crisis.
Youth Futures Foundation
Ongoing, long term support for youth employment. Grants for £30,000-£800,000.
Sylvia Waddilove Foundation
Grants up to £1,000 to support small medium organisations struggling with a shortfall of finances in the pandemic