Tag Archive for: Financial Support

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.

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.