Last update Monday 30 March – 10am
In these unprecedented and challenging times, we want to let you know we are here for you every step of the way. We are working extremely hard behind the scenes to keep you updated with all the latest government information, to listen to you and support you. Our website is also updated daily and all emails are responded to quickly.
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The Government announced a £330bn package of support to businesses and will continue to announce new measures in the coming days. As these filter through, please make sure to keep checking the following websites:
- Canterbury City Council Business Support Hub
- Kent and Medway Growth Hub
- UK Government Business Support Website
For the tourism and hospitality sector we would also recommend checking: Visit Kent’s Support Page which features transport information, sector representation and monitoring, financial support, consumer messaging and the Kent Big Weekend.
ACAS have also published information for employees and employers including information on simple steps to help protect the health and safety of staff, sick pay and absence from work.
The Government announced a £330bn package of support to businesses on Tuesday 17 March and will continue to announce new measures in the coming days.
- Coronavirus Job Retention Scheme. Further guidance from 27 March on national insurance and pensions.
- Deferring VAT and Income Tax payments
- HMRC Time To Pay Scheme
- Statutory Sick Pay relief package for small and medium sized businesses (SMEs)
- 12-month business rates holiday for all retail, hospitality, leisure and nursery businesses in England
- Small business grant funding of £10,000 for all business in receipt of small business rate relief or rural rate relief
- Grant funding of £25,000 for retail, hospitality and leisure businesses with property with a rateable value between £15,000 and £51,000
- Coronavirus Business Interruption Loan Scheme offering loans of up to £5 million for SMEs through the British Business Bank
- Lending facility from the Bank of England to help support liquidity among larger firms, helping them bridge coronavirus disruption to their cash flows through loans
- Relaxation in planning regulations to allow pubs and restaurants to start providing deliveries without a planning application
BUSINESS SUPPORT SCHEMES:
CLICK HERE IF YOU ARE A SMALL/MEDIUM ENTERPRISE
CLICK HERE IF YOU ARE A LARGE ENTERPRISE (£45m + turnover)
SELF EMPLOYED INCOME SUPPORT SCHEME
- The self-employed will receive a direct cash grant of 80% of their average profits, up to £2,500 per month.
- The scheme is open to anyone with average profits of £50,000 or less.
- The scheme will operate for three months initially but could be extended.
- The system will take time to establish and grants won’t be available until June – at which time those eligible will receive a payment for the whole three month period. So in effect, this will be a one-off grant to the self-employed.
- HMRC will use the average trading profits from tax returns in 2016-17, 2017-18 and 2018-19 to determine the size of the grant. For those without three years of returns, the Treasury will look at what they do have but there will be nothing for the newly self-employed without any filed accounts. READ FULL DETAILS