From the Economic Development Team
20 April 2020
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Government announces financial support for England’s fishing businesses
£10 million fund for England’s fishing and aquaculture sectors announced.
More than 1,000 fishing and aquaculture businesses in England will receive direct cash grants through a fisheries support scheme announced today by Environment Secretary George Eustice and Chief Secretary to the Treasury Steve Barclay.
The main features of the scheme are:
- For the catching sector, the fund will be open to under-24m vessel owners with fishing licences registered in England who recorded sales of £10,000 or more in 2019.
- Grants will be made to help cover fixed business costs. For the catching sector this will be calculated from the average business costs for the size of the vessel, as surveyed by the industry annually.
- Details of the eligibility criteria, including the criteria for the aquaculture sector and support for local projects, will be announced in due course by the Marine Management Organisation (MMO).
- The MMO will administer the fund, contacting eligible registered owners and licence holders directly in stages with details of how to apply, starting on Monday April 20 through to early May.
- Payments will be made for up to three months.
To find more details on the scheme please visit the government's announcement for financial support webpage.
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Coast To Capital Local Enterprise Partnership – Free support
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Government Support for Businesses
The Department for Business, Energy & Industrial Strategy’s (BEIS) has put all the advice on the financial support available and how to access help on their new business support hub.
The Government's measures to support businesses as of 26 March 2020 include:
- a statutory sick pay relief package for SMEs
- a 12-month business rates holiday for all retail, hospitality and leisure businesses in England. Further information can be found at chichester.gov.uk/businessratesmarch2020
- small business grant funding of £10,000 for all business in receipt of Small Business Rates Relief (SBRR) and Rural Rates Relief. Further details can be found at chichester.gov.uk/businessratesmarch2020
- grant funding of up to £25,000 for retail, hospitality and leisure businesses with property with a rateable value under £51,000. Further details can be found at chichester.gov.uk/businessratesmarch2020
- the Coronavirus Business Interruption Loan Scheme to support long-term viable businesses who may need to respond to cash-flow pressures by seeking additional finance, for more information about the Loan scheme please visit the British Business Bank website
- the HMRC Time To Pay Scheme
- The Coronavirus Job Retention Scheme, under which all UK employers will be able to access support to continue paying part of their employees' salary for those employees that would otherwise have been laid off during this crisis. Please note this scheme is being handled by HMRC. Their helpline is tel: 0800 0159 559.
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Report of scams
Caution: Please be aware that we have received reports of scams which target businesses about the Government’s grant support. These scams may tell you there is a problem with your account details and direct you to website that isn’t genuine, or they may offer to help you access funding for a small fee.
Please be aware that no fee is payable to receive these grants, and the link you need to use to use to find out more and apply for funding is: www.chichester.gov.uk/businessratesmarch2020.
If you need any help, please contact us directly by emailing taxation@chichester.gov.uk.
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