Coronavirus Funds

Cambridgeshire and Peterborough Combined Authority Covid-19 Capital Grant Fund

The Cambridgeshire and Peterborough Combined Authority has launched a Covid-19 Capital Grant Fund which offers grants for new capital investment projects.

**Update 22 May 2020: The CPCA advise all applicants that the current funding is over-subscribed. The Combined Authority is seeking further funding sources to continue this scheme.**

The  Coronavirus Future Fund

The Future Fund will provide UK Government loans to UK-based companies ranging from £125,000 to £5 million, subject to at least equal match funding from private investors. The fund will be open for applications from Wednesday 20 May 2020.

These convertible loans may be a suitable option for businesses that typically rely on equity investment and are unable to access other government business support programmes because they are either pre-revenue or pre-profit.

The Future Fund was developed by the UK Government and is being delivered by the British Business Bank.

Coronavirus Statutory Sick Pay Rebate Scheme

From Tuesday 26 May 2020, small and medium-sized employers, with fewer than 250 employees, will be able to apply to recover the costs of paying coronavirus-related Statutory Sick Pay (SSP) payments they have made to their employees.

Employers will be able to make claims to the Coronavirus Statutory Sick Pay Rebate Scheme through a new online service. Employers will receive repayments at the relevant rate of SSP that they have paid to current or former employees for eligible periods of sickness starting on or after 13 March 2020.

HMRC has published online guidance which includes information about who can use the scheme and the records employers must keep.