Support

Help & Guidance

As the Coronavirus outbreak develops, we want to reassure you that the wellbeing of our employees and tenants is our top priority. As much as our way of working is changing, it is ‘business as usual’ at SPARK as much as is possible.

We understand many of you will be trying to navigate your business through these difficult times, whilst accessing and understanding the support you may receive from the Government.

This webpage has been set up primarily to bring you the latest support available to businesses through this period of disruption. We will continue to showcase positive news and tenant developments through our social media at this unprecedented time.

We are delighted by how the business community is adjusting and coming together to support one another and we remain committed to do the same. The weeks and months ahead will be challenging but we’re all in this together.

The first port of call for assistance is the Black Country Growth Hub who are a signposting service to business support:

Their team is working hard to keep businesses up to date with the latest news and resources available to support businesses through COVID-19.

They can be contacted on: enquiries@bcgrowthhub.com

https://www.bcgrowthhub.com

Stay Safe and Healthy

Our application process is simple. Get in touch with us today.

Contact Us

Government Support

The Government has set out a package of temporary measures to support businesses in response to the disruption caused by Covid-19. We have created a factsheet to help businesses plan and consider their next steps.

Government Scheme includes;

  • a Coronavirus Job Retention Scheme
  • deferring VAT and Income Tax payments
  • a Statutory Sick Pay relief package for small and medium-sized businesses (SMEs)
  • a 12-month business rates holiday for all retail, hospitality, leisure and nursery businesses in England
  • small business grant funding of £10,000 for all business in receipt of small business rate relief or rural rate relief
  • grant funding of £25,000 for retail, hospitality and leisure businesses with property with a rateable value between £15,000 and £51,000
  • the Coronavirus Business Interruption Loan Scheme offering loans of up to £5 million for SMEs through the British Business Bank
  • a new lending facility from the Bank of England to help support liquidity among larger firms, helping them bridge coronavirus disruption to their cash flows through loans
  • the HMRC Time To Pay Scheme
  • self-employed entitled to a taxable grant worth 80% of their average monthly profits over the last three years up to £2500 per month. This will be available for three months. Will be extended if necessary.
  • open to anyone of trading profits of up to £50,000.
  • available to people who i) make the majority of their income being self-employed, ii) Have a self-employed tax return for 2019

How to access

HMRC will pay the grant directly to bank

HMRC will contact you directly and you’ll have to fill out a form

Meet our support partners