COVID-19 Business Update
Here are some of today’s key updates in relation to business support:
I am pleased to be able to tell you that the London Borough of Bexley’s Covid-19 grant schemes for businesses are now live.
There are two schemes – one for businesses in receipt of Small Business Rates Relief and the other for businesses in the Retail, Leisure and Hospitality sectors (including additional categories announced last week). The grants are only for businesses who are in occupation of rateable properties (i.e. are normally liable for business rates).
In order to check eligibility and ensure payments are directed to the correct bank accounts a web form will need to be completed by each business.
Further details and links to the web forms for each scheme can be found here:
- The Chancellor of the Exchequer announced a new measure to support self-employed people who have been impacted by the Covid19 virus. The details of the scheme are set out here: https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme Note that the scheme will be administered by HMRC who will be contacting people who they identify as being eligible. Payments, based on 80% of a self-employed persons profits (averaged out over 3 years where applicable) will be paid as a single grant in June. In the meantime the government has made it easier for self-employed people to access financial support through the Universal Credit programme (further details here).
- The Learning and Enterprise College (LECB) – the adult learning and skills arm of Bexley Council – has launched an online jobs board to help local people who may have lost their job due to Covid19 to access opportunities. The job boards (for local and national opportunities) are available on the LECB website: https://www.lecb.ac.uk/ Employers who are sadly needing to lay off staff during this crisis are encouraged to direct affected staff to this website. Local employers with vacancies can find out about how to advertise opportunities here: https://www.lecb.ac.uk/recruitment
Finally don’t forget you can sign up to the Bexley for Business newsletter via this link.