In response to Covid-19 (Coronavirus), businesses and organisations in the health and social care sectors are being provided with guidance by:
We’re doing our very best to support our customers and other ethical organisations during this difficult time. If you are an existing lending customer, please contact your Relationship Manager to discuss your circumstances.
A new debt finance programme, the Recovery Loan Scheme (RLS) 3, was announced by the Government and will come into effect shortly. Whilst we were accredited under the CBILS and original RLS schemes, we are not an accredited lender for RLS 3 at this moment in time. If you are looking to access this scheme, more information can be found on the British Business Bank website.
If you have a question regarding your existing CBILS or RLS facility with Triodos Bank, please contact your Relationship Manager.
The Government has set up several schemes to support businesses through the challenges of Covid-19:
Coronavirus Business Interruption Loan Schemes
There are now several different loan schemes in place to help businesses affected by the Covid-19 outbreak to access bank lending and overdrafts. The distinct schemes are designed to support different kinds of organisations, dependent on size and financing need.
Coronavirus Job Retention Scheme
All UK employers with a PAYE scheme are able to access this support in order to continue paying part of the salary for those employees who would otherwise have been laid off during this crisis (‘furloughed workers’).
Statutory Sick Pay Rebate
This initiative allows small and medium-sized businesses to reclaim Statutory Sick Pay paid for staff absence due to coronavirus
HMRC tax helpline
HMRC has set up a helpline for businesses and self-employed people who are concerned about paying their tax due to COVID-19.
Three-month VAT Deferral
Defer Valued Added Tax (VAT) payments due between 20 March 2020 and 30 June 2020
Small business grant funding
Available for small businesses in England that already pay little or no business rates because of small business rate relief, rural rate relief and tapered relief. Some aspects of business support are devolved. For business support outside of England go to Scotland, and Wales.
In response to the challenges of Covid-19 (Coronavirus), arts and culture businesses and organisations can find advice, emergency measures, funding and other financial support from:
Guidance through the challenges posed by Covid-19 (Coronavirus) is available for charities from:
Support and resources for social enterprises has been compiled by:
Good Finance has set up a resource hub offering information, resources and tools to support charities and social enterprises through Covid-19.
The Soil Association is providing support for sustainable food and agriculture organisations through the challenges of Covid-19 (Coronavirus).
Businesses and organisations in the retail, hospitality and leisure sectors are being offered financial support from the Government due to the challenges these industries face because of Covid-19 (Coronavirus).
Business rates holiday
Available in England for the 2020-21 tax year.
Cash grants
Available in England, of up to £25,000 per property.
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