Newark and Sherwood District Council is keen to support its business community and their employees in these unprecedented and difficult times as a result of the outbreak of Coronavirus (Covid-19). Given recent central Government announcements, and to assist in understanding the raft of support available we have collated the key measures, including how the Council will be responding. We remain committed to being as flexible as possible in administering relief for qualifying business and people affected.
Financial support for businesses:
In order to ensure we meet these commitments we will borrow if required while waiting for central Government funding. We expect more to follow in the coming days on the Coronavirus Business Interruption Loan Scheme, which is part of the Chancellor of the Exchequer’s £330billion package announced yesterday. For further information please visit: https://www.british-business-bank.co.uk/ourpartners/coronavirus-business-interruption-loan-scheme-cbils/
There is also information on additional support at the Local Enterprise Partnership Growth Hub at www.d2n2growthhub.co.uk/news/latest-news/covid-19-support-for-businesses/
Financial Support for residents
Council Tax – all residents
The Council already operates a Council Tax Hardship Fund which can assist in covering the cost of up to 80 per cent of the Council Tax. The Council will expand this fund such that qualifying cases can secure up to 100 per cent relief. If your ability to pay Council Tax is impacted by Covid-19 please review the guidance and make contact. We will be as flexible as possible regarding payment arrangements for those whose income or circumstances are affected by the virus.
Following the Chancellor’s announcements residents are reminded of the ability, if you are struggling to meet mortgage payments, to request an up to a three-month mortgage payment holiday from your mortgage lender.
If any council tenants are affected financially by Covid-19 they should contact the Council at the earliest opportunity. We will work with tenants to be as flexible as possible to deal with issues relating to Covid-19. Tenants may be able to obtain support to meet their rent and Council Tax through claiming Housing Benefit or Universal Credit (Housing Element), Council Tax Relief Scheme or Discretionary Housing Payment.
The Council remains committed to helping its residents and businesses cope through this challenging period. We are equally keen to foster an ability for residents to inform us of any vulnerable people who may not seek help themselves. Nottinghamshire County Council has advised that it will be launching as soon as practicable a dedicated phone line that will offer an ability to coordinate and seek advice at a local level, including the co-ordination of any humanitarian effort.