Coronavirus: Loan and funding support options for businesses

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.

 

FINANCIAL LOANS

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.

https://www.sibgroup.org.uk/resilience-and-recovery-loan-fund

 

Bounce Back Loans Scheme

Loans for small and medium business £2,000-£50,000.

https://www.gov.uk/guidance/apply-for-a-coronavirus-bounce-back-loan

 

NatWest

Loans up to £5,000,000 interest free for first 12 months.

https://www.business.natwest.com/business/support-centre/service-status/coronavirus.html

 

Central Government Financial Aid for Businesses

https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses

 

BT Small Business Support

Grants of £2500 for small businesses to upgrade to Ethernet Ultra-fast Business Connections.

https://www.bt.com/about/bt/our-company/group-businesses/enterprise/small-business-support-scheme

 

BIRMINGHAM CITY COUNCIL

Birmingham City Council General Advice

https://www.birmingham.gov.uk/info/50231/coronavirus_covid-19/

 

Small Business Grant Funding

Grants from £10,000-£25,000 depending upon rateable value.

https://www.birmingham.gov.uk/info/50232/support_for_businesses_during_the_coronavirus_covid-19/2093/government_business_grants

 

Test and Trace Support Payments

Payments of up to £500.00 following a positive COVID test for loss of earnings to individuals.

https://www.birmingham.gov.uk/news/article/733/test_and_trace_support_payments_now_live_in_birmingham?utm_source=Twitter&utm_medium=social&utm_campaign=SocialSignIn&utm_content=COVID-19

 

Training Grants of £500.00-£18,000 to small and medium enterprises

https://www.birmingham.gov.uk/news/article/723/council_announces_major_skills_funding_provisions_for_smes?utm_content=&utm_medium=email&utm_name=&utm_source=govdelivery&utm_term=

 

ARTS/SPORT AND HERITAGE

We are Cycling UK

Grants of £3,000 for community bike initiatives.

https://www.cyclinguk.org/webform/big-bike-revival-summer-pop-dr-bikes-england

 

The Radcliffe Trust

Grants of £2,500-£7,500 in arts and heritage.

https://theradcliffetrust.org/

 

Arts Council England

Name of Fund: Covid-19 Support to organisations and individuals (details ongoing).

https://www.artscouncil.org.uk/covid19

 

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.

https://www.princes-trust.org.uk/about-the-trust/news-views/princes-trust-natwest-enterprise-relief-fund

 

Youth Futures Foundation

Ongoing, long term support for youth employment. Grants for £30,000-£800,000.

https://youthfuturesfoundation.org/grants/

 

Sylvia Waddilove Foundation

Grants up to £1,000 to support small medium organisations struggling with a shortfall of finances in the pandemic

https://www.pwwsolicitors.co.uk/charity-grants/13-the-sylvia-waddilove-foundation-uk