20 May 2020
The government has announced that businesses will be able to benefit from larger loans under the Coronavirus Large Business Interruption Loan Scheme (CLBILS).
Under the scheme the maximum loan size available will be increased from £50 million to £200 million. This will help ensure large firms which do not qualify for the Bank of England's COVID Corporate Financing Facility (CCFF) have enough finance to meet cashflow needs during the outbreak.
The expanded loans will be available from Tuesday, May 26.
You can find more information by visiting https://www.gov.uk/government/news/larger-businesses-to-benefit-from-loans-of-up-to-200-million
13 May 2020
As of Monday 11 May, Spelthorne Borough Council has paid out a total of £11.29million to 856 businesses. We are in regular contact with business groups and last week sent out an eNewsletter with all the key information for local businesses. You can sign up to our eNewsletter to receive regular updates by visiting: https://www.spelthorne.gov.uk/article/16475/eNewsletter
12 May 2020
From 13 May you can check if you can claim a grant through the Self-Employment Income Support Scheme.
If you're self-employed or a member of a partnership and have been adversely affected by coronavirus (COVID-19) find out if you can use this scheme to claim a grant.
Find out if you can make a claim
The Chancellor has announced that the government's Coronavirus Job Retention Scheme will remain open until the end of October.
Further information can be found on the GOV.UK website
The government, in consultation with industry, has produced guidance to help ensure workplaces are as safe as possible.
There are eight guides covering a range of different types of work. Many businesses operate more than one type of workplace, such as an office, factory and fleet of vehicles. You may need to use more than one of these guides as you think through how to keep people safe.
View the guidance for working safely during coronavirus Covid-19
28 April 2020
A new 100% government back grant has been announced by the government to help small businesses.
Small businesses will be able to able to borrow between £2,000 and £50,000 through a network of accredited lenders. The loan should reach businesses within days providing immediate support to those that need it as easily as possible and will be interest free for the first 12 months.
The government will work with lenders to agree a low standardised level of interest for the remaining period of the loan.
The loans will be easy to apply for through a short, standardised online application. No repayments will be due during the first 12 months.
The scheme will launch for applications on Monday 4 May.
For further information visit https://www.gov.uk/government/news/small-businesses-boosted-by-bounce-back-loans
21 April 2020
Find out what government support you are entitled to by visiting their website.
20 April 2020
The Coronavirus Job Retention Scheme is now open for applications.
Employers can furlough anyone they employ, provided that on or before 19 March they were on PAYE payroll and HMRC has been notified of payment via the RTI system.
Employers can go online to claim cash grants worth up to 80% of wages, capped at £2,500 a month per worker. HMRC staff will operate the scheme. Further details can be found at https://www.gov.uk/guidance/claim-for-wages-through-the-coronavirus-job-retention-scheme
Please note the following key guidelines:
15 April 2020
Spelthorne Borough Council has begun making payments to eligible businesses under the Government's Coronavirus business support grants programme.
The Government has made £15 million available to small and medium sized businesses in Spelthorne. As of 14 April, Spelthorne has provided £3.025m to these firms and the total is increasing daily. Grants are available for business ratepayers who are exempt from paying rates under Small Business Rates Relief and to business rates payers in retail, leisure and hospitality sector with a rateable value of less than £51,000. The Council has to go through a checking process before it is able to issue the grants. It commenced issuing grants on 7 April by BACS transfer and will be processing them on a daily working day basis until they are all distributed. There are around 830 businesses in the borough which need to be assessed individually by a small team of our staff.
Payments will go to businesses for which we have bank account details first, so if we do not have your details please visit this webpage: https://www.spelthorne.gov.uk/CV19Grant.
Cllr Ian Harvey, Leader of the Council said: "It is essential that we support our local businesses to ensure that, after this pandemic is over, we are able to return to normality as quickly as possible. If your business is eligible to receive a grant you will have received a letter from us confirming it and asking for details. During these challenging times we hope that this will go some way towards providing relief."
Our website is the most up to date place for information about grant payments. Further details on the scheme can be found here: https://www.spelthorne.gov.uk/CV19Grant
So that we can prioritise our resources in getting funds paid to you please only call us on 01784 451459 if your business is likely to fold in the next seven days due to the COVID-19 outbreak.
Please note:
In the first instance we will be dealing with the government's two grants and this will be followed by the retail discounts.
31 March 2020
Under the Coronavirus Job Retention Scheme, all UK employers will be able to access support to continue paying part of their employees' salary for those employees that would otherwise have been laid off during this crisis.
Eligibility: All UK businesses are eligible and must be processed by business not individuals.
How to access the scheme
Your employer will need to:
Job Retention Scheme FAQs [437.08KB]
If you think you are entitled to Statutory Sick Pay (SSP), please read the following information:
You can get £94.25 per week Statutory Sick Pay (SSP) if you're too ill to work. It's paid by your employer for up to 28 weeks.
If you are self-isolating because of COVID-19:
From 13 March, you can now claim SSP. This includes individuals who are caring for people self-isolating in the same household and therefore have been advised to do a household quarantine.
Further relaxation of the Minimum Income Floor for all self-employed claimants affected by the economic impact of COVID-19, ensuring their UC award will increase to reflect their lower earnings.
To check your sick pay entitlement, you should talk to your employer, and visit https://www.gov.uk/statutory-sick-pay for more information.
The government is legislating for SSP to be paid from day 1, rather than day 4, of your absence from work if you are absent from work due to sickness or need to self-isolate caused by COVID-19. Once the legislation has been passed, this will apply retrospectively from 13 March. You should talk to your employer if you are eligible for SSP and need to claim.
From Friday 20 March onwards, those who have COVID-19 or are advised to self-isolate will be able to obtain an "isolation note" by visiting NHS 111 online and completing an online form, rather than visiting a doctor. For COVID-19 cases this replaces the usual need to provide a "fit note" after seven days of sickness absence. Isolation notes will also be accepted by Jobcentre Plus as evidence of your inability to attend.
Extension of Statutory Sick Pay to self-isolaters and those in the same household caring for self-isolaters - payable from day 1 not day 4.
Contributory Employment and Support Allowance will be now be available from Day 1 not Day 8 for eligible people unable to work because they are directly affected by COVID-19 or self-isolating.
WHO TO CONTACT :your employer or Jobcentre Plus
If you are not eligible for SSP - for example if you are self-employed or earning below the Lower Earnings Limit of £118 per week - and you have COVID-19 or are advised to self-isolate, you can now more easily make a claim for Universal Credit (UC) or new style Employment and Support Allowance.
For more information on how to claim, please visithttps://www.gov.uk/universal-creditandhttps://www.gov.uk/guidance/new-style-employment-and-support-allowance.
If you are self-employed and receiving Universal Credit and you have COVID-19 or are advised to self-isolate, the requirements of the Minimum Income Floor will be temporarily relaxed. This change took effect on 13 March and will last for the duration of the outbreak, to ensure that self-employed UC claimants will receive support.
WHO TO CONTACT: the DWP - If you need to claim Universal Credit but have COVID-19 or are self-isolating, you will now be able to claim and to access advance payments upfront without needing to attend a Jobcentre Plus. Please visit https://www.gov.uk/universal-credit for more information.
If you are eligible for new style Employment and Support Allowance, it will now be payable from day 1 of sickness, rather than day 8, if you have COVID-19 or are advised to self-isolate.
WHO TO CONTACT:The DWP - Please visithttps://www.gov.uk/guidance/new-style-employment-and-support-allowance
27 March 2020
Businesses looking for information or to apply for business grants as a result of the covid-19 outbreak can visit https://www.spelthorne.gov.uk/CV19Grant
The following links provide advice and support for self-employed people.
https://www.businesssupport.gov.uk/self-employment-income-support-scheme/
https://www.businesssupport.gov.uk/self-employment-income-support-scheme-faqs/
23 March 2020
Under the coronavirus Job Retention Scheme, all UK employers with a PAYE scheme will be able to access support to continue paying part of their employees' salary for those that would otherwise have been laid off during this crisis. This applies to employees who have been asked to stop working, but who are being kept on the pay roll, otherwise described as 'furloughed workers'. HMRC will reimburse 80% of their wages, up to £2,500 per month. This is to safeguard workers from being made redundant. The Coronavirus Job Retention Scheme will cover the cost of wages backdated to March 1st and is initially open for 3 months, but will be extended if necessary
https://www.businesssupport.gov.uk/coronavirus-job-retention-scheme/
To qualify for the relief the hereditament should be wholly or mainly being used for the
qualifying purposes [359.04KB]. This confirms no rateable value limit on relief for retail, leisure and hospitality sectors. Please see the document for detailed information.
Please note, the proposed scheme is provisional until the Government receives approval from EU under State Aid rule.
Due to Covid-19 outbreak the Chancellor, Rishi Sunak, has announced a number of initiatives including provision for 12 months exemption for Business Rates payers in the retail, leisure and hospitality sectors- see the definitions below as to type of businesses which qualify and which do not.
To determine your eligibility please check the official legislation
This authority is now identifying all those eligible for the new provisions whereupon their business rates accounts will automatically be credited and revised bills, confirming businesses' rates liability, will be issued over the next 7-10 days.
Before the new rules can be implemented in full, the Government is awaiting confirmation of approval of the proposals by the EU under the State Aid rules which continue to operate under the EU Withdrawal Agreement period.
Further updates will be published here once official notifications have been received from the Government.
Coronavirus or COVID-19 update from Surrey Chamber of Commerce [1.11MB]
The websites below provide information and advice from the government that has implications for businesses.
Federation of Small Businesses - https://www.fsb.org.uk/resources-page/advice-to-small-businesses-and-fsb-members-about-the-novel-coronavirus-covid-19.html
British Chamber of Commerce - https://www.britishchambers.org.uk/page/coronavirus?k=30cdfbcf8e205792be8adadf43630166035c27d5
