Financial support through COVID-19
Below you will find information and links to support your business through the COVID-19 pandemic.
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Support for your business
The following support is available to your business if it is adversely affected by the coronavirus outbreak:
Jersey Business support
If your business is being affected by COVID-19 and you need help negotiating with your landlord then please complete the Business Rent advice application form below.
This advice can cover issues such as how to demonstrate a change of circumstances, template letters, how to negotiate new arrangements etc.
The templates below have been developed as part of the guidance to help you talk constructively and proactively with your landlord:
For the commercial tenant to use:
For the commercial landlord to use:
For both tenant and landlord to confirm the terms of their Voluntary Arrangement:
Additional guidance relating to rent and other payments for landlords and tenants during COVID-19 crisis.
You might find BCR Law’s tenant briefing a useful guide for talking to your landlord at this difficult time.
This podcast features our Head of Business Advisory Team, Nick Steel. Nick talks about the support available to commercial landlords and tenants for negotiating new terms on their property and rentals.
If you need to speak to an HR specialist about a specific issue you are having please complete the HR 1:1 support application form. We promise we’ll then be in touch as quickly as we possibly can to get you the advice you need.
You might also find our HR Toolkit for Small Business a useful guide for talking to your staff at this difficult time.
If you need help with forecasting your cash over the next few weeks and months, and you are not receiving support from an accountant or other professional adviser, please complete this financial planning support application form below.
By developing realistic cash projections you will be able to assess whether your business can continue to trade fully or with reduced operations, close down temporarily or cease trading altogether. You can also use this exercise to think about how your business might trade and the practicalities of getting back on your feet once the restrictions are lifted.
You can start this process yourself. Have a look at the Steps to manage your business’s short term cash flow in the Cash flow section of the Resource Hub below
Download the Business Monthly Cash flow spreadsheet
Government of Jersey support
Government’s support mechanisms
The Government has a number of support mechanisms in place. You can find details on the in the sections below.
The £100 Spend Local Cards are being distributed to every adult and child in Jersey in the second week of September. The cards, in the form of a pre-paid Mastercard, will allow Islanders to spend at their favourite businesses across the island and will be valid until the 31st October 2020.
Detailed guidance on how the card will work is available on the Government’s website, with the key details below:
Who will get the card?
Anyone who was resident in Jersey and registered with Customer and Local Services on or before 30 June 2020 will be eligible to receive the £100 Spend Local Card.
Cards for adults and children will be distributed by Jersey Post during the second week of September 2020. They will be sent to the residential address held by Customer and Local Services (formally Social Security).
How will the card be used?
Instructions will be included in a letter with the card and the user will need to follow simple instructions in order to activate their card and retrieve the PIN number. The card can then be used like a bank card by either inserting it into a card reader and entering the PIN, using the contactless functionality or by giving the card details over the phone.
The card will be available to use in multiple locations on island and in any amount, up to the balance of the card. It can also be used to purchase higher value goods or services with the individual paying the difference with a different card or cash.
The card will be valid until the balance runs out or until the deadline of Saturday 31 October, when any remaining balance will be removed.
Where can the card be used?
The card can be used with any local business in Jersey that accepts Mastercard payments face-to-face or over the phone, apart from:
- outside of Jersey
- gambling and betting establishments
- businesses who do not accept Mastercard payments
- Government of Jersey departments, with the exception of Government run sport centres and education facilities
What does my business need to do to participate in the scheme?
As long as your business has the facilities to accept Mastercard payments you don’t need to do anything. However, you may wish to consider marketing or special offers to promote your business and encourage Islanders to spend their £100 with you.
The posters below can be printed out and put on display in your business to raise awareness to your customers that you are accepting the Spend Local card and to brief your staff:
The aim of the payroll co-funding scheme is to help people keep their jobs who would otherwise be made unemployed due to COVID-19 and the restrictions now in place. This also helps businesses to retain their employees and mean that they can resume normal business activity as soon as possible.
The scheme is available to eligible businesses where the business has experienced or is highly likely to experience significant detriment due to restrictions put in place to manage the spread of COVID-19.
You will receive the grant after you have paid the salary/wages of you and your staff.
For information on the payroll co-funding scheme contact: [email protected]
For businesses and sole-traders, the Government of Jersey introduced a series of measures to mitigate the impact of coronavirus on the Island economy, including:
- deferring the payment of Social Security contributions;
- deferring the payment of GST by GST-Registered Businesses; and
- where the Government is a landlord to a local business (directly or through a Government-owned company) to consider payment deferrals.
This fact sheet explains how to access this support
If you have an employee who is following government advice to self-isolate for 7 or 14 days and cannot work from home they can claim sickness benefit.
Claim sickness benefit (short term incapacity benefit) here or call 01534 444444.
The Government of Jersey will consider rental payment deferrals where it is a landlord to a local business, directly or through a Government-owned company. Requests for rental deferment should be made directly to your landlord or property contact and all requests will be considered on a case-by-case basis.
The Government has put in place measures to help with challenges facing taxpayers during this Coronavirus pandemic. Many businesses and particularly those operating in critically affected sectors such as hospitality, agriculture and fishing are experiencing cash flow and trading difficulties.
During these challenging times, Revenue Jersey wants to reassure taxpayers experiencing temporary issues that are creating worry and anxiety. We are committed to working with taxpayers to provide guidance and help to resolve any such difficulties.
This guidance will be reviewed on a regular basis in the light of ongoing developments.
Affected businesses are being encourage to take the following practical steps.
Speak to your own bank as soon as possible about accessing credit facilities and any other options that you might have.
The aim of the Business Disruption Loan Guarantee Scheme is to maintain cash flow so that people can remain in employment and businesses do not have to close permanently. To help you plan download the Business Monthly Cash flow spreadsheet now.
The banks, working together and with the Government of Jersey have structured a disruption loan guarantee scheme which will give you access to Government backed loans. You will access this scheme directly through the banks and the availability and structure of the loan will depend on your business’s individual circumstances.
Key features of the scheme can be found here.