Monthly Archives: July 2020

You have just one month to claim up to £1.6bn in unspent grants

Originally written by Timothy Adler on Small Business
Small businesses have until the end of August to claim up to £1.6bn in unspent grants through the Government’s COVID-19 emergency help schemes.
Business secretary Alok Sharma has written to local authorities asking them to return £1.6bn in currently unspent grants issued through either the £25,000 retail, leisure and hospitality scheme or the separate £10,000 scheme for firms eligible for small business rates relief by Friday, August 28.
This is despite thousands of businesses that have applied for grants still waiting for the money to hit their accounts.
>See also: How to get the government’s £10,000 cash grant for small businesses
Two schemes worth £12.4bn were set up in March to provide payments through the business rates system as Britain went into lockdown.
Shops, hotels, restaurants and other leisure businesses whose premises’ rateable value – which determines how much commercial property tax they pay – is between £15,000 and £51,000, are eligible for a £25,000 grant through the Retail, Hospitality and Leisure Grants Fund.
Separately, any business qualifying for small business rate relief or rural rates relief is eligible for a grant of £10,000 through the Small Business Grant Fund (SBGF), as is any business in the retail, leisure

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Elavon with Opayo helps SMEs reopen with new payment solutions

Originally written by Partner Content on Small Business
Elavon is helping small businesses SMEs reopen by offering up new eCommerce and point of sale (POS) solutions as COVID-19 sparks a change in customer behaviour.
The global payment firm recently carried out a survey with Ipsos Mori showing that more people are gravitating towards contactless and online payments.
More than two thirds (68 per cent) say they would actively seek to use cards and contactless payments following the pandemic, proving the appetite to get businesses set up with these payment methods quickly. Over half (52 per cent) increased their spending online so businesses had to move fast in order to sharpen their processes and meet that demand.
What’s more, almost two thirds of respondents (65 per cent) say they want to prioritise spending on days out, dining out at restaurants and meeting friends in the coming months. In order to meet with social distancing guidelines, the processes for booking tables and rooms online, ordering food and paying for services are essential for businesses.
The number of businesses enquiring about eCommerce rose 30 per cent in May and 52 per cent in June year-on-year.
Elavon has been helping companies move to eCommerce during lockdown when physical stores were

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Where to find your £5,000 small business technology grant

Originally written by Timothy Adler on Small Business
The Government has announced a new £20m IT funding package to help small businesses get through the coronavirus pandemic.
Small and medium-sized businesses can access a small business technology grant between £1,000 and £5,000 to spend on new equipment and IT and professional advice.
The small business technology grant can be spent on the following:

Accountants
Financial
Human resources
IT and digital
Legal

Or it can be used to buy minor equipment to adapt or adopt new technology in order to carry on trading or diversify during the COVID-19 pandemic.
>See also: You have just one month to claim up to £1.6bn in unspent grants
And the cash could also be used to stage events providing guidance to businesses responding to coronavirus.
Ironically, given the Government’s pro-Brexit stance, the money is coming through the last hurrah of the European Regional Development Fund, the EU fund which supports poorer regions.
The £20m worth of technology and support grants are being administered by the Government’s 38 regional growth hubs.
>See also: Rishi Sunak gives small businesses £2000 grants for young trainees
You can find the list of growth hubs where you apply for the new £1,000 to £5,000 small business technology grants here.
Regional growth minister Simon Clarke said: “We

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