Bounce Back Better Campaign

 

Love Wimbledon is proud to support a campaign launched by Croydon BID “Bounce Back Better”, an extension of the Raise The Bar campaign, in order to call on the government to provide more support to retail, hospitality and leisure sectors in 2021/2022.

The campaign manifesto covers 4 main asks:

  1. One-off grant for retail, hospitality & leisure businesses
    Local Authorities lack the administrative and payments infrastructure required to facilitate a monthly financial support model proposed by government for eligible businesses in Tier 2 and Tier 3 – many businesses are receiving funds too late, or worse not at all. We ask Government to provide a one-off ‘Bounce Back’ grant of up to £15,000 for retail, hospitality and leisure businesses in Tier 2 and Tier 3 across England and Wales with a rateable value of up to and including £150,000. This would give 137,000 businesses vital funds delivered in a manner Local Authorities are equipped to distribute at a total maximum cost of £2.05bn
  2. Pause national insurance contributions for furloughed employees
    For the furlough scheme investment to date of £47m to be fully effective, business support must reflect short and long term challenges. While employees receive 80% of their salary through the extension of the furlough scheme, businesses are still paying out for National Insurance, placing greater strain on survival. We ask Government to remove the burden of National Insurance from employers whose staff are on furlough, saving the average business £2,000 per month until the end of March 2021.
  3. Extension of 100% business rates holiday for 2021/22
    The ‘payment holiday’ for hospitality, leisure and leisure businesses with a rateable value less than £51,000 earlier this year was an extraordinary and critical measure saving each business up to £25,000, a total tax cut worth over £1bn. We ask Government to extend the 100% business rates holiday into 2021/2022 for businesses in the retail, hospitality and leisure sectors. Every pound saved is a pound to help businesses stay trading and retain staff.
  4. Extension of VAT reduction scheme
    The cut in VAT from 20% to 5% is a major boost for the hospitality sector enabling businesses to pass on a £4.1 billion saving onto consumers. With a vaccine becoming a reality in the coming months, our Bed and Breakfasts, hotels and restaurants could be a vital catalyst to local economic recovery. Research by CGA for UKHospitality, the British Beer and Pub Association and the British Institute of Innkeeping found support on VAT and business rates are top of hospitality’s essential business support needs. We ask government to extend the VAT reduction to 5% for Hospitality from 1 April 2021 up to and including 31st March 2022.

To support retail, hospitality and leisure sectors – the beating heart of our economy, sign the petition here.

For more details visit the campaign website.

New Lockdown Grant Announced

Due to Lockdown 3, the Chancellor has announced today that businesses in the retail, hospitality and leisure sectors are to receive a one-off grant worth up to £9,000.

The one-off top-up grants will be applied to closed businesses as follows:

  • £4,000 for businesses with a rateable value of £15,000 or under
  • £6,000 for businesses with a rateable value between £15,000 and £51,000
  • £9,000 for businesses with a rateable value of over £51,000

A further £594 million is also being made available for Local Authorities to support other businesses not eligible for the grants, that might be affected by the restrictions. Businesses should apply to their Local Authorities.

For a full breakdown of financial support that is available to Wimbledon businesses through this pandemic, click here.

Further details of how this grant will be issued will be announced soon.

Click here for further details of this lockdown grant.

New Year, New Developments

Wimbledon is entering the new year with a surge in positive developments and placemaking across the town. The centre is an urban / suburban hub of good transport links, beautiful buildings, HQs, independents and cultural choice. It is recognised as a growth relocation area for businesses who want somewhere safe, convenient and affordable, the following projects will further enhance this.

Hartfield Walk Goes Green

Love Wimbledon has secured CIL funding of £120,000 from Merton Council to create an exciting new space – Hartfield Walk, to improve the area between Blacks and Robert Dyas on The Broadway. Working in collaboration with local creative business Firecracker Works, the project will see the reclaiming of an underused space being repurposed for the local community, providing a sense of escapism through an amalgamation of planting, seating, market kiosks, new lighting, environmental games and art. As well as presenting a place to sit and read a book in the afternoon sunshine, grab a bite for lunch or meet and connect with friends and family, Hartfield Walk aims to be a space which educates, informs and engages the local community. Through references to combatting air pollution and climate change, each component has been carefully considered to inspire local people of all ages to make a difference, e.g. through art, play, materials used etc.

New Homes and Workspace for the YMCA

YMCA St Paul’s Group has received planning consent from Merton Council to deliver a brand-new YMCA hostel in Wimbledon, consisting of 121 en-suite rooms to promote independent living, alongside an adjoining development of 135 new homes, plus an improved café, gym and fitness studio for wider community use. Read more about this here.

Polka Childrens Theatre Refurbishment Nears Completion 

The UK’s first children’s theatre, Polka has been awarded a Capital Kickstart grant as part of the Government’s Culture Recovery Fund, worth £253,000. This will enable the local theatre to continue with their redevelopment, despite the financial challenge caused by the Covid-19 crisis. With just over £100,000 left to raise to complete this £8.3m capital redevelopment, Polka is due to re-open in Spring with a new café and open-access play spaces, improved physical access, expanded capacity for early years work, and a new rehearsal and community space.

New Forecourt for Theatre 

A new paved front entrance to New Wimbledon Theatre, is due to complete by spring in time for the theatre reopening. The space reclaims part of Russell Road, enhancing the theatre experience by providing more room for theatre goers to meet before or spill out onto after. It creates a better sense of place for this landmark building. The works by Merton Council will also incorporate a new crossing, which had to be relocated. The project was developed through the Future Wimbledon consultation, which Love Wimbledon BID has been supporting.

We look forward to 2021 being a strong year for our town and businesses.

Check back to our news pages and LinkedIn for further developments and news.