Support for Businesses
The Government and local authorities have been providing ongoing support for businesses across Greater Birmingham that have been negatively impacted by Covid-19. Find out what support and incentives are still available to help your business.
Support and grants
Recovery Loan Scheme:
The Recovery Loan Scheme was introduced in April 2021 to help businesses access loans and other kinds of finance to help their post-pandemic recovery.
In July 2022, the Government announced a two-year extension to the Scheme to help firms struggling with inflationary pressures.
Applications will open in August 2022, and more information will be provided by the Government nearer to this date.
Business Relief Rates:
Some properties are eligible for discounts from the local council on their business rates. More information about business rate relief can be found on the Government’s website.
Businesses in the retail, hospitality or leisure sectors will have a 50% rate reduction automatically applied to their bill.