The situation with COVID-19 is changing daily, and we know that many businesses in Barnet are feeling worried.
Please be assured that we are committed to supporting you through whatever might come.
On this page you’ll find information about business support measures and the council’s latest advice and guidelines for business owners, landlords, suppliers, charities, self-employed and employees.
Business grants, loans and support
Grant funding schemes
We are distributing support for businesses in the form of grant funding schemes:
- Discretionary business support grant
- Small business grant fund (SBGF) and
- Retail, hospitality and leisure grant fund (RHLGF)
Bounce back loan (BBL) scheme
This Bounce Back Loan scheme enables small and medium sized businesses to obtain a six-year loan at a government set interest rate of 2.5% a year. Eligible businesses can borrow between £2,000 and £50,000 with the government covering any interest payable in the first year. Visit the British Business Bank’s website to learn how to apply.
Financial planning support programme
Working with the Federation of Small Businesses, the council is offering a free Financial Planning Support Programme, to help businesses plan their finances during the pandemic. If you have a business or you’re an accountant who wants to offer your services.
Business rates and council payments
The council is offering those who pay business rates the option to defer payment until June 2020 and has suspended debt recovery and enforcement relating to rates until 30 June 2020.
Business support finder
There are a full range of business support measures available to Barnet businesses by the government and the council.
To see what support is available for you and your business, use the government’s business support finder.
How to reduce the effects of Covid-19 on business
Advice and guidance from the council on how to mitigate the effects of the COVID-19 outbreak as:
Please also check the additional advice from the government.
London-wide support and information
West London Business helpline
West London Business is providing a COVID-19 website where you can find answers to your queries or speak with an advisor using a dedicated helpline for business.
London Growth hub
The London Growth Hub has also setup a dedicated COVID-19 site , where you can find fact sheets, a business checklist and access free one-to-one support.