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Business Support

Business Meeting

Relevant local updates for Businesses regarding the Coronavirus escalation - In addition to the information on this page also visit Guidance from Central Government Government Advice for Business or view a summary on the Torridge website here Listing of Government Updates

The 'support finder' tool is also a quick and easy way for businesses and self-employed people to determine what financial support is available to them during the coronavirus pandemic. click here https://www.gov.uk/business-coronavirus-support-finder

To receive ongoing updates automatically to your email inbox subscribe by clicking the "subscribe to this page" link at the foot of any web page on our site. If you have any comments to make on this page please contact communications@torridge.gov.uk 

Recently Announced:
GUIDANCE TO REOPEN BUSINESSES

The Government have set out a timeline for retail to reopen from 1st June, and further guidance has been published for how to operate safely to protect staff and customers. 

Full details of the announcement can be found here: https://bit.ly/RetailTimeline.

Guidance for reopening can be found here: https://bit.ly/UpdatedRetailGuidance and the Heart of the South West Growth Hub have also produced some useful guidance here https://tinyurl.com/y82k8a79 and in their "Better Business for All" (BBFA) Toolkit you can download to the right of this page.

Key details to note:

  • Outdoor markets and car showrooms will be able to reopen from 1 June, as soon as they are able to meet the COVID-19 secure guidelines to protect shoppers and workers. 

  • All other non-essential retail will be expected to be able to reopen from 15 June if the Government's five tests are met and they follow the COVID-19 secure guidelines, giving them three weeks to prepare.

  • Businesses will only be able to open from these dates once they have completed a risk assessment, in consultation with trade union representatives or workers, and are confident they are managing the risks. They must have taken the necessary steps to become COVID-19 secure in line with the current Health and Safety legislation.

  • There is a free webinar, hosted by the Department of Business, Energy and Industrial Strategy, to find out more about how to make your retail workplace COVID-secure: https://bit.ly/BEISWebinars

The Government have also published a Coronavirus outbreak Frequently Asked Questions guide following recent announcements click here - FAQs page what you can and cant do

CORONAVIRUS STATUTORY SICK PAY SCHEME

A new online service launched May 26 for small and medium sized employers to recover Statutory Sick Pay (SSP) payments they have made to their employees.

This scheme will allow small and medium sized employers, with fewer than 250 employees, to apply online to HMRC to recover the costs of paying coronavirus-related SSP.

This means they will receive repayments at the relevant rate of SSP that they have paid to current or former employees for eligible periods of sickness starting on or after 13 March 2020.

For more information see https://tinyurl.com/s6xdspq

FURLOUGH SCHEME EXTENSION TO OCTOBER

The Chancellor has announced that the government's Coronavirus Job Retention Scheme will remain open until the end of October. Furloughed workers will continue to receive 80% of their Salary up to £2.5K. Full details of the announcement can be found here: https://bit.ly/CJRSExtension

 

 

Previously Announced:

 
DAIRY FARMER GRANTS

Dairy Farmers to receive £10,000 grant. Additional information available via this link:- https://tinyurl.com/yclxdrvo Full details and process yet to be announced.

ASSISTANCE FOR THE SELF-EMPLOYED

Self-employed invited to get ready to make their claims for coronavirus (COVID-19) support

From Monday 4 May, HM Revenue and Customs (HMRC) will start contacting around three and a half million customers who may be eligible for the government's Self-Employment Income Support Scheme (SEISS) to explain the application process and help them get ready to make a claim.  

The claims service will open on 13 May.

Further details can be found here: https://www.gov.uk/government/news/self-employed-invited-to-get-ready-to-make-their-claims-for-coronavirus-covid-19-support

ASSISTANCE FOR CREATIVE INDUSTRIES (thanks to BCrea8ive for posting)

Some of the programmes available: https://tinyurl.com/y8r6wgep 

PUBS AND RESTAURANTS

Pubs and restaurants to remain closed. Takeaway and delivery services may remain open and operational in line with guidance. Pubs and Restaurants may convert to takeaway operations see: 

 

OTHER FINANCIAL ASSISTANCE ALREADY ANNOUNCED:

The full range of business support measures can be viewed here Financial support for businesses during coronavirus

Apply for a coronavirus Bounce Back Loan from 4th May - This scheme will help small and medium-sized businesses affected by coronavirus (COVID-19) to apply for loans of up to £50,000.

  • The Bounce Back Loan scheme will help businesses borrow between £2,000 and £50,000.
  • The government will guarantee 100% of the loan and there won't be any fees or interest to pay for the first 12 months.
  • Loan terms will be up to 6 years. No repayments will be due during the first 12 months. The government will work with lenders to agree a low rate of interest for the remaining period of the loan.

Bounce Back Loan Details Here https://tinyurl.com/y8ryyurv

  • Job Retention - Employee Furlough Scheme

General details about furloughing your staff here- https://tinyurl.com/y9vp2rxv - a maximum of £2,500 and 80% of an employee's salary.

AS AN EMPLOYER you should have been e-mailed your log-in details to the HMRC portal which will be predicated upon your PAYE details. The government advises it will be able to process applications in about 6 days.

To access the service with log-in details visit https://tinyurl.com/ybl3mcyn

On 15th April the government announced that the Furlough scheme cut-off date will be extended from 28th February to 19th March so more people can now claim Furlough Cut-off Date Extended 

 

TORRIDGE COUNCIL BUSINESS SUPPORT AGENCY - NORTH DEVON+
  • If you would like to speak to a business advisor about your cash-flow, business planning or general business support or concerns you can contact our business support agency, North Devon+.
 
GOVERNMENTS BUSINESS SUPPORT HELPLINE
  • For business support, you can also contact the Government's Business Support Helpline for free advice. •Call on 0300 456 3565 •from Monday to Friday •9 a.m. to 6 p.m. Find out more: Gov Business Support FAQ's
 
FURTHER SUPPORT OPTIONS

26 May 2020