Tag Archive for Coronavirus

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Which small businesses can stay open in national lockdown?

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Originally written by Timothy Adler on Small Business
Which small businesses can stay open during the national lockdown? Here is the partial list of what businesses can remain open with different rules for England, Scotland, Wales and Northern Ireland.
England
Prime minister Boris Johnson announced a third national lockdown for England on Monday, January 5.
This third national lockdown is expected to last until March 31 as the coronavirus vaccines are rolled out and the population becomes immunised.
Small businesses that must close in England

non-essential retail, including clothing and homeware stores, vehicle showrooms (other than for rental), betting shops, tailors, tobacco and vape shops, electronic goods and mobile phone shops, auction houses (except for auctions of livestock or agricultural equipment) and market stalls selling non-essential goods
hospitality venues such as cafes, restaurants, pubs, bars and social clubs; with the exception of providing food and non-alcoholic drinks for takeaway (until 11pm)
accommodation such as hotels, hostels, guest houses and campsites, except for specific circumstances
leisure and sports facilities such as leisure centres and gyms, swimming pools, sports courts, fitness and dance studios, riding arenas at riding centres, climbing walls, and golf courses
entertainment venues such as theatres, concert halls, cinemas, museums and galleries, casinos, amusement arcades, bingo halls, bowling alleys,

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£9000 lockdown grant for businesses in retail, hospitality and leisure

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Originally written by Timothy Adler on Small Business
Rishi Sunak has announced a one-off £9000 lockdown grant per property for businesses in retail, hospitality and leisure.
This is to support businesses and protect jobs following the announcement of a third national lockdown by the prime minister last night. It is expected this third national lockdown will last until March.
How £9000 lockdown grant works

£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

The Treasury has also announced a further £594m discretionary fund to support to support other businesses not eligible for the grants, which might be affected by the national lockdown.
In total, £4.6bn worth of new lockdown grants have been made available.
And this comes on top of another £1.1bn of further discretionary funding for local authorities, local business shutdown grants worth up to £3,000 a month and extending the furlough scheme until the end of April.
The cash will be issued on a per-property basis to support businesses through the national lockdown, and is expected to benefit over 600,000 business properties, totalling £4bn in grants across Britain.
Chancellor Rishi Sunak said: “The new strain of

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Hot Business News Today

Which small businesses can stay open in national lockdown?

by  •  • 0 Comments

Originally written by Timothy Adler on Small Business
Which small businesses can stay open during the national lockdown? Here is the partial list of what businesses can remain open with different rules for England, Scotland, Wales and Northern Ireland.
England
Prime minister Boris Johnson announced a third national lockdown for England on Monday, January 5.
This third national lockdown is expected to last until March 31 as the coronavirus vaccines are rolled out and the population becomes immunised.
Small businesses that must close in England

non-essential retail, including clothing and homeware stores, vehicle showrooms (other than for rental), betting shops, tailors, tobacco and vape shops, electronic goods and mobile phone shops, auction houses (except for auctions of livestock or agricultural equipment) and market stalls selling non-essential goods
hospitality venues such as cafes, restaurants, pubs, bars and social clubs; with the exception of providing food and non-alcoholic drinks for takeaway (until 11pm)
accommodation such as hotels, hostels, guest houses and campsites, except for specific circumstances
leisure and sports facilities such as leisure centres and gyms, swimming pools, sports courts, fitness and dance studios, riding arenas at riding centres, climbing walls, and golf courses
entertainment venues such as theatres, concert halls, cinemas, museums and galleries, casinos, amusement arcades, bingo halls, bowling alleys,

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Small business national lockdown – what support is available?

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Originally written by Anna Jordan on Small Business
Grant support for 2021 lockdown
After announcements from Boris Johnson and Nicola Sturgeon, England and Scotland have gone into lockdown. Wales has been in lockdown since December 20.
To support businesses through this period, chancellor Rishi Sunak has announced £4.6m of grant funding. This includes a one-off top-up grant for leisure, hospitality and retail businesses of up to £9,000.
They’ll be granted 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 £594m discretionary fund is also being made available to support other businesses affected by the lockdown. As with the other grant funding, you’ll need to apply through your local authority.
More money has been giving to the devolved nations as part of the announcement but there have been no further funding announcements from them at the time of writing.
This new lockdown support is in addition to existing funding, as listed below.
Additional Restrictions Grant (ARG)

Available for businesses that are not covered by other grant schemes or where additional funding is needed.

Bounce Back Loan Scheme (BBLS)

Loans of between £2,000 and £50,000, up to

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Hot Business News Today

£9000 lockdown grant for businesses in retail, hospitality and leisure

by  •  • 0 Comments

Originally written by Timothy Adler on Small Business
Rishi Sunak has announced a one-off £9000 lockdown grant per property for businesses in retail, hospitality and leisure.
This is to support businesses and protect jobs following the announcement of a third national lockdown by the prime minister last night. It is expected this third national lockdown will last until March.
How £9000 lockdown grant works

£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

The Treasury has also announced a further £594m discretionary fund to support to support other businesses not eligible for the grants, which might be affected by the national lockdown.
In total, £4.6bn worth of new lockdown grants have been made available.
And this comes on top of another £1.1bn of further discretionary funding for local authorities, local business shutdown grants worth up to £3,000 a month and extending the furlough scheme until the end of April.
The cash will be issued on a per-property basis to support businesses through the national lockdown, and is expected to benefit over 600,000 business properties, totalling £4bn in grants across Britain.
Chancellor Rishi Sunak said: “The new strain of

Read more...

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Businesses ‘crippled’ by Tier 4 call for more government help

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Originally written by Timothy Adler on Small Business
UPDATED: There are now over a million business premises shut down across the UK, according to the Federation of Small Businesses.
Many of these small businesses have “no cash reserves left”, according to the FSB, having invested heavily in making themselves Covid secure.
Meanwhile, business group UK Hospitality said that the sector has been “effectively shut down” from today, following yesterday’s widening of Tier 4 restrictions to much of the rest of Britain, which limits pubs, cafes and restaurants to takeaway only.
Three quarters of the population of England are now living under Tier 4 rules, which also require non-essential retailers such as clothing and homeware stores, gyms and hair and beauty salons to close.
>See also: Which small businesses can stay open in Tier 4 lockdown?
Kate Nicholls, chief executive of UK Hospitality, has called for new support grants and the extension of the reduced VAT rate and the business rates holiday beyond March if the government wants to avoid “hundreds and thousands of job losses”.
On Tuesday, FSB chairman Mike Cherry wrote to Rishi Sunak proposing a five-point package including converting Covid emergency debt into shares for small business employees, another round of grants and a German-style

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