The government has set the interest rate for this loan at 2.5% per annum. These are: If a charity event is cancelled due to COVID-19 HMRC will accept as potentially eligible for Gift Aid donations which have been made in lieu of ticket refunds. Covid-19-Our response. Businesses in England required to close due to local lockdowns or on a national basis are able to receive grants worth up to £3,000 per month to support with fixed costs. To note - The government has expanded the CBILS scheme to include all viable small businesses affected by COVID-19, and not just those unable to secure regular commercial financing. Advertisement Preston has been in enhanced restrictions since August 2020 to try and control coronavirus . HMRC will then check that your claim is correct and pay the claim amount by Bacs into your bank account within 6 working days. Small and micro businesses that occupy property or part of a property (e.g. PLEASE NOTE: This fund is now closed for applications. More details on this funding to be announced shortly. To note - It is not necessary for a production to have premiered in order to qualify for relief for Theatre Tax Relief, Orchestra Tax Relief or Museums and Galleries Tax Relief. For example, if a production is abandoned during the development stage, then costs incurred prior to the abandonment will be able to qualify, even though there will never be any performances. Support available . Claims for furlough days in December 2020 must be made by 14 January 2021. On 24 September the Chancellor unveiled the Government's Winter Economy Plan. Arts Council England – Impact of Museums and Galleries Exhibition Tax Relief (MGETR)Survey. About us. Lenders do not have to assess a business’ affordability or viability. Insurance policies differ significantly, so businesses are encouraged to check the terms and conditions of their specific policy and contact their providers. Small Project Grants provide funding to help test new ways of working that will benefit audiences. Got a spare 10 minutes to help us improve our website? Eligible businesses are to apply to the Bank of England. This is for UK based business with turnover over £45 million per year. The Youth Music Emergency fund is now closed. For full British Business Bank guidance on starting an application click here. For properties with a rateable value of £15k or under, grants to be £1,334 per month, or £667 per two weeks; For properties with a rateable value of between £15k-£51k grants to be £2,000 per month, or £1,000 per two weeks; For properties with a rateable value of £51k or over grants to be £3,000 per month, or £1,500 per two weeks. Covid-19: Support for individuals from Government and other sources; Covid-19: Support for organisations from Government and other sources Further information on how Arts Council is working with Government can be found here, which will be updated as details for the distribution of the Government's rescue package are … This funding will be focused on charities that are responding to the current COVID-19 crisis. Photo © Ironbridge Gorge Museum Trust, David Glowacki's Hidden Fields. The money is being distributed by Arts Council England on behalf of the Department for Digital, Culture, Media and Sport. These schemes aren’t run by the Arts Council so if you have any questions or queries please direct them to the relevant bodies we’ve cited. Organisations should refer to the government’s published guidance. A furloughed employee can take part in volunteer work, if it does not provide services to or generate revenue for, or on behalf of their associated organisation. We are the national development agency for creativity and culture. Business facing disruption due to late payments, cancellation of payment or drop in custom from foreign buyers. The Trust offers grants for running costs and salaries to small registered charities in England and Wales. It will support finance for overseas buyers to continue to buy goods and services. An organisation can agree to find furloughed employees new work or volunteering opportunities whilst on furlough if this is in line with public health guidance. Please visit this page for a breakdown of the data, and look at these webpages for information more about the individual funding streams: We published our new 10-year strategy, Let’s Create, in January 2020. Arts Council England encourages all cultural organisations, whether or not they are NPOs, to consider whether an application to the Coronavirus Job Retention Scheme would be a way to mitigate some of the challenges posed by the current situation. 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