Covid-19: Business grants and financial support

Covid-19: Business grants and financial support

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North of Tyne Innovation Recovery Grant

A new £1.5m grant fund has been launched by the North of Tyne Combined Authority to support business innovation across North Tyneside, Newcastle and Northumberland.

The North of Tyne Innovation Recovery Grant is part of the Authority’s package of support to businesses dealing with the impact of COVID-19. It is designed to enable a green and sustainable recovery by funding projects that have potential to safeguard and create new jobs, build a more inclusive economy, and contribute towards the net zero agenda.

It is delivered on behalf of the North of Tyne Combined Authority by NBSL and the Innovation SuperNetwork, who together bring combined experience in managing both grant funding projects and delivering innovation support.

Find out more at https://ntca-innovationrecoverygrant.co.uk/  

Citylife Business Support

Tailored advice to help SME’s to adapt to new challenges and safeguard jobs

Citylife Business Support is a new service for SME’s who have be adversely affected by COVID-19.

Funded though the £1.5 million Capacity Fund that was granted to Newcastle City Council by the North of Tyne Combined Authority, it is part of the city’s commitment to supporting businesses, voluntary and community organisations and unemployed residents who have been adversely impacted by COVID-19.  Read more here

Business rates relief

Those retail, hospitality and leisure businesses who pay business rates will also be able to benefit from a 12-month payment holiday this year. This process will be automated, and businesses do not need to contact the council. Any additional support through the Business Rates system will be managed by the Business Rates team. For further information, see the Business Rates Coronavirus Information page.

Further help and advice

To find out what support you may be able to access from Government through the Job Retention (Furlough) Scheme, Self Employment Income Support Scheme and other measures, visit the Government’s Coronavirus Business Support website.

We have a specialist team who can provide support for businesses during this difficult time.

Please email businesssupport@newcastle.gov.uk and our team will be in touch as soon as possible.  

We also continue to offer our usual support for businesses. Details of this can be found via our Business support in Newcastle page.

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