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Luton Borough Council

Financial support and advice

Grants

Government support finder

Job Retention Scheme

The scheme runs until September 2021.

Claims for furlough days in March 2021 must be made by 14 April 2021.

You can no longer submit claims for claim periods ending on or before 31 October 2020.

Self-employment Income Support Scheme (SEISS)

SEISS 4 and 5 were announced in the March 2021 budget. SEISS 4 will provide support for the 3 months from February and SEISS 5 will provide support from May until the end of September 2021.

Access full guidance on claiming income support for self-employment through SEISS 4

Kickstart scheme

Employers looking to create job placements for young people could apply for funding as part of the Kickstart Scheme.

The scheme can be used to create new 6 month job placements for young people who are currently on Universal Credit and at risk of long-term unemployment. The job placements should support them to develop the skills and experience they need to find work after completing the scheme.

Loans and Funds

Recovery Loan Scheme

This scheme provides lenders with a guarantee of 80% on eligible loans between £25,000 and £10 million. Details on the scheme.

Access full guidance on applying for the loan here.

Relief and further help

Business Rates

The government has provided a 100 per cent business rates holiday for businesses in the retail, hospitality and leisure sectors. This 100 per cent holiday has been extended to June 2021, after which businesses will receive 66% relief, up to a cap, for the following nine months.

For further information on business rates relief boosted with new £1.5 billion pot.

 

VAT

The government has extended the 5 per cent reduced rate of VAT for goods and services supplied by the tourism and hospitality sector for a further six months until the end of September 2021. The rate will then increase to 12.5 per cent from October until the end of March 2022, before returning to the normal 20 per cent rate from April 2022.

 

For further information on businesses can check eligibility here on VAT rate reductions.

Statutory Sick Pay Rebate Scheme

The Coronavirus Statutory Sick Pay Rebate Scheme will repay employers the Statutory Sick Pay (SSP) paid to current or former employees.

The repayment will cover up to two weeks starting from the first qualifying day of sickness, if an employee is unable to work because they either:

Filing of accounts

Businesses will be given an additional 3 months to file accounts with Companies House to help companies avoid penalties as they deal with the impact of COVID-19.

For further information on applying for more time to file your company’s accounts.

Find out more

Advice and guidance available locally

Support from local business

Our Economic Development team is on hand to offer support and advice local businesses [email protected] .​

We can also help support your business to upskill people who are now looking at different way of working or for staff who are looking for a new role due to redundancy through Luton Adult Learning.

Contact us on [email protected] for more details or visit Luton Adult Learning.

SEMLEP

SEMLEP’s Growth Hub is offering businesses support, advice and guidance to help local businesses navigate the current situation. Their business advisers are available to talk to business owners and directors about the critical areas of their business affected by coronavirus.

To contact the team, please email [email protected] or call 0300 01234 35.

See the SEMLEP website for more information on the support available for businesses.

Bedfordshire Chamber of Commerce

- see BCC website

Federation of Small Businesses

- see FSB website

The Business Investment District (BID)

The BID’s business support hub has been launched to help Luton town centre businesses manage during the coronavirus crisis.

#LutonBusinessSupport acts as a matchmaking service - to link those who can offer support with those town centre businesses seeking help, advice and/ or guidance. It is also designed to be a community within which businesses can share experiences, ask questions and offer support and advice.

At the heart of this new business hub is a #LutonBusinessSupport Facebook group.

Also see guidance on health and safety​.​​​​​​​​​

© 2021 Luton Council, Town Hall, Luton LU1 2BQ