Last update 25 May
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 frequently and all emails are responded to quickly.
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The Government announced a £330bn package of support to businesses. Please make sure to keep checking the following websites:
- Press release “Timeline for retail to reopen in June” (published 25 May)
- UK Government Recovery Strategy (published 11 May)
- UK Government Working Safely Guidelines (updated 25 May)
- Safer public places – urban centres and green spaces (published 13 May) guidance on how to manage pedestrian space, pedestrian movement, queues and traffic management.
- Roadmap Taskforces (published 13 May): Five new ministerial-led taskforces have been set up to develop plans for how and when closed sectors can reopen safely, following publication of the UK’s roadmap to rebuild Britain.
- Bounce Back Loans to go live on Monday 4 May for small to medium-size businesses to borrow between £2,000 and £50,000.
- Gov.uk business support finder to see what support is available for you and your business.
- Canterbury City Council Business Support Hub
- Kent and Medway Growth Hub and Business Support Hotline on 03333 602 300 (Mon-Fri 8.30am – 5.00pm).
- 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.
- Coronavirus Job Retention Scheme. Further guidance published on 9 April
- Deferring VAT and Income Tax payments
- HMRC Time To Pay Scheme
- Statutory Sick Pay relief package for small and medium sized businesses (SMEs)
- Business rates holiday for all retail, hospitality, leisure and nursery businesses in England. You should have had a new business rates bill from Canterbury City Council showing that you will pay no rates. If you haven’t had a letter by 10 April and you think you should get the discount, contact business rates team.
- Grant funding: Canterbury City Council completed the first phase of grant payments on 9 April to eligible local businesses. Those businesses who do not pay rates by direct debit need to complete this online form.
- 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)
ADDITIONAL FUNDING STREAMS
- Arts Council: £50million for organisations, £20 million for individuals (outside of the NPO framework).
- Social Enterprises: Two emergency grant schemes have been made available for social enterprises to help with operating challenges caused by Covid-19:
- Charities Aid Foundation Coronavirus Emergency Fund
- Kent Community Foundation Coronavirus Emergency Fund
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