New Financial Business Support for Coronavirus
The Government has announced additional support schemes for businesses most recently impacted by Coronavirus, which include:
- One-off grants of up to £6,000 for businesses in the hospitality and leisure sectors
- Covid-19 Additional Relief Fund (CARF) for businesses affected by the pandemic but that are ineligible for existing support linked to business rates
- Reintroduction of the Statutory Sick Pay Rebate Scheme (SSPRS) for businesses with fewer than 250 employees, up to two weeks per employee
- Discretionary funding will also be made available to support other businesses
Funding and grants will be administered by Merton Council. Information is available on their website, with additional details to be announced in the upcoming weeks here.
We know this is yet another difficult time for businesses, in what should otherwise be a robust trading period. Love Wimbledon is supporting the ‘Business Booster Campaign‘, calling on central Government to provide: business rates relief, an extension to VAT reduction and additional grants up to £15K for retail, hospitality and leisure businesses.
Please do get in touch with the Love Wimbledon team if we can assist you in any way.