FUNDING SCHEMES APPLICATION DEADLINES:
Please find the details of a number of Covid-19 funding schemes that are set to close for applications in date order:
The Coronavirus Childcare Assistance Scheme (C-Cas)
This scheme closed for applications on 31st August 2020, however, applications for vulnerable children may still be accepted. For further information on the purpose of the scheme, eligibility criteria and how to apply, please go here.
The Welsh Government Start-Up Grant – 4th September 2020
This scheme that supports businesses that started trading between 1st April 2019 and 1st March 2020 will close for applications on 4th September 2020. For further information on the purpose of the scheme, eligibility criteria and how to apply, please click here.
Coronavirus Business Interruption Loan Scheme – 30th September 2020
A number of lenders and news websites note that this scheme will close for applications on 30th September 2020. For further information on the purpose of the scheme, eligibility criteria and how to apply, please follow this link.
Futures Fund – end of September 2020
This scheme will close for applications at the end of September 2020. For further information on the purpose of the scheme, eligibility criteria and how to apply, please go here.
Self-Employed Income Support Scheme – Claim before 19th October 2020
Claims for the second and final taxable grant via the Self-Employed Income Support Scheme must be made before 19th October 2020. For further information on the purpose of the scheme, eligibility criteria and how to apply, click here.
Coronavirus Large Business Interruption Loan Scheme – 20th October 2020
This scheme is due to close for applications on 20th October 2020 although the Government have the right to extend this deadline to 31st December 2020. For further information on the purpose of the scheme, eligibility criteria and how to apply, go here.
Bounce Back Loan Scheme – 4th November 2020
This scheme is due to close for applications on 4th November 2020 although the Government retain the right to extend this. For further information on the purpose of the scheme, eligibility criteria and how to apply, go here.
CHANGES TO EXISTING SUPPORT SCHEMES:
The Job Retention Scheme
From 1st September, the government will pay 70% of wages up to a cap of £2,187.50. Employers will pay employer national insurance and pension contributions and 10% of wages to make up 80% total up to a cap of £2,500. For the average claim, this represents 14% of the gross employment costs the employer would have incurred had the employee not been furloughed.
If you have 100 or more employees, the ‘What you’ll need section’ of the Job Retention Scheme webpage has been updated. This is to inform employers using the template for 100 or more employees that it may be rejected if the information provided is not given in the right format.
CAN YOU HELP COLEG CAMBRIA’S VIRTUAL FRESHER’S FAIR?
Coleg Cambria are in the process of organising their very first Virtual Fresher’s Fair. They are looking for businesses who have services or resources that new and returning students would like to hear about.
They are after a short video explaining what’s on offer or what you do and/or some electronic resources like posters or an advert. Alternatively, they can do a mini-interview session or turn a Powerpoint presentation into a video.
If you can help and want to promote our business, please get in touch with kate.unitt@cambria.ac.uk
SECURE YOUR BUSINESS, SECURE YOUR FUTURE WITH DIGITAL:
Free webinars and 1-1 advice
The Superfast Business Wales September webinar dates are now live. These will help you put digital at the heart of your business to make sure your customers find you online as well as help you stay on top of things. Topics available include social media, digital marketing, SEO, websites, cybersecurity, Microsoft 365, cloud, and customer relationship management systems.
Choose your free topic and book. Superfast Business Wales also has a range of practical How-To guides to help your business – all free to access here.
Thank you for reading ‘Covid-19 Business Support Update’. For more Covid-19 updates, click here.
