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Update to government loan schemes

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The Government has taken further action to support firms affected by the coronavirus crisis by bolstering business interruption loans for small businesses and announcing a new scheme for larger companies. Extended Coronavirus Business Interruption Loan Scheme (CBILS) The Government has extended the CBILS so that all viable small businesses affected by COVID-19, and not just those unable to secure regular commercial financing, will now be eligible should they need finance to keep operating during this difficult time. The government is also stopping lenders from requesting personal guarantees for loans under £250,000 and making operational changes to speed up lending approvals. The government will continue to cover the first twelve months of interest and fees. Please find further details here: https://bit.ly/UpdatedCBILS New Coronavirus Large Business Interruption Loan Scheme (CLBILS) The new CLBILS will ensure that more firms are able to benefit from government-backed support during this difficult time. It will provide a government guarantee of 80% to enable banks to make loans of up to £25 million to firms with an annual turnover of between £45 million and £500 million. Loans backed by a guarantee under CLBILS will be offered at commercial rates of interest and further details of the scheme will be announced later this month. Please find initial details here: https://bit.ly/NewCLBIL

Small Business Grants

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Local Authorities have now received information from the government and will be contacting businesses who are eligible to claim the grants which have been made available to help support them during this time.

We have detailed information from each council below including how you will be contacted if you are eligible and when these grants could begin to be released to businesses.

Scarborough Borough Council

It is anticipated that the funding will be made available for payment from 1 April 2020 and we aim to make payments in line with this timescale where possible to do so.

Scarborough Borough Council will contact all affected businesses in the coming days to set out the information required to process the grants. To allow us to direct all of our staffing resources to the priority task and get payments made as quickly as we can please do not call us to discuss the grants.

Further information can be found at:

https://www.scarborough.gov.uk/latest-news/support-businesses-during-coronavirus

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

ERYC

We have issued letters dated 19 March 2020 to affected businesses, requesting them to provide payment details. This is not a scam. Collecting these details is essential to allow payments to be made once we have received guidance from central government as to how this scheme will be administered.

If you are one of the affected businesses please complete the secure form below with your payment details, if you complete the online form, you do not need to return the paper copy you received in the post:

https://east-riding-self.achieveservice.com/service/Small_Business_Grant?accept=yes&consentMessageIds[]=58

https://east-riding-self.achieveservice.com/service/Small_Business_Grant

We will keep communicating updates through our website and by email to keep you informed of any new developments.

Update to priority workers

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The guidance sets out those whose work is critical to the coronavirus response and keeping crucial public services going. Employers need to be responsible about who needs to be in the office and we encourage them to help their staff find alternative arrangements to support them working from home. https://bit.ly/2U6IGwL

Update to Whitby and Scarborough Park and Ride

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Important update from North Yorkshire County Council: Due to COVID-19 we have made the difficult decision to postpone the opening of the Whitby and Scarborough Park & Ride sites until further notice. The bus operators are experiencing heavy impact from COVID-19 and are unable to confirm that they will be able to operate the services from the scheduled start date, they are already making changes to timetables to reduce services from Monday 23rd March. We will share all updates to this service as soon as they are received to help keep you on the move.
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