Originally written by Timothy Adler on Small Business
The government has temporarily upped the cash incentive for small businesses to offer T Level students industry placements to £1,000.
It comes as the Department for Education has become increasingly concerned about convincing small business owners to host T Level students for the 45-day or 315-hour placements.
Small business owners were previously given £750 for each T Level student they took on, up to a maximum of 10 students.
>See also: How to win £20,000 in TV advertising with Sky Media’s SME100 scheme
Small businesses will be able to claim for a new maximum of 20 students on T Level programmes from May May 2021 until July 2022.
The pandemic derailed the first-year rollout of the T Level programme with employers “cancelling or not committing to placements”, according to a National Foundation for Educational Research survey published last July.
Federation of Small Businesses chairman Mike Cherry said: “Small firms will welcome this announcement as another way to hire young and talented individuals who are making their first steps on the jobs ladder.
>See also: Where to get your small business Restart Grant worth up to £18,000
“Many small businesses are looking to expand and grow as the economy unlocks, and it
Tag Archive for Government Grants
Hot Business News Today
Where to claim your £1,000 grant for hosting a T Level student
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
The government has temporarily upped the cash incentive for small businesses to offer T Level students industry placements to £1,000.
It comes as the Department for Education has become increasingly concerned about convincing small business owners to host T Level students for the 45-day or 315-hour placements.
Small business owners were previously given £750 for each T Level student they took on, up to a maximum of 10 students.
>See also: How to win £20,000 in TV advertising with Sky Media’s SME100 scheme
Small businesses will be able to claim for a new maximum of 20 students on T Level programmes from May May 2021 until July 2022.
The pandemic derailed the first-year rollout of the T Level programme with employers “cancelling or not committing to placements”, according to a National Foundation for Educational Research survey published last July.
Federation of Small Businesses chairman Mike Cherry said: “Small firms will welcome this announcement as another way to hire young and talented individuals who are making their first steps on the jobs ladder.
>See also: Where to get your small business Restart Grant worth up to £18,000
“Many small businesses are looking to expand and grow as the economy unlocks, and it
Hot Business News Today
How the newly self-employed should navigate the complex SEISS process
by Anna Jordan • • 0 Comments
Originally written by Anna Jordan on Small Business
Rishi Sunak recently announced that an extra 600,000 self-employed business owners would be able to claim the fourth and fifth Self Employed Income Support Scheme (SEISS) grants.
The one condition is that applicants must have submitted a tax return by March 3 2021.
But vague details, complicated processes, tight deadlines and worries around scammers mean that many could be missing out, warn financial experts Old Mill.
One example is when those who apply get contacted by HMRC and are sent an email with instructions on how to verify their identity. They then have two days to upload digital copies of their bank documents and ID to the HMRC Dropbox. If they don’t, the Dropbox link will expire and the applicant will fail the pre-verification.
“There are a number of areas where things can go wrong (just opening a brown envelope from HMRC for instance), and I have real concerns that some people may have difficulties negotiating these pre-verification checks or inadvertently miss deadlines,” said Chris Bowles, director of Old Mill.
“There’s also a fear that many traders will see this HMRC call as another sophisticated attempt to obtain sensitive personal information at a time when attacks from scammers
Hot Business News Today
How the newly self-employed should navigate the complex SEISS process
by Anna Jordan • • 0 Comments
Originally written by Anna Jordan on Small Business
Rishi Sunak recently announced that an extra 600,000 self-employed business owners would be able to claim the fourth and fifth Self Employed Income Support Scheme (SEISS) grants.
The one condition is that applicants must have submitted a tax return by March 3 2021.
But vague details, complicated processes, tight deadlines and worries around scammers mean that many could be missing out, warn financial experts Old Mill.
One example is when those who apply get contacted by HMRC and are sent an email with instructions on how to verify their identity. They then have two days to upload digital copies of their bank documents and ID to the HMRC Dropbox. If they don’t, the Dropbox link will expire and the applicant will fail the pre-verification.
“There are a number of areas where things can go wrong (just opening a brown envelope from HMRC for instance), and I have real concerns that some people may have difficulties negotiating these pre-verification checks or inadvertently miss deadlines,” said Chris Bowles, director of Old Mill.
“There’s also a fear that many traders will see this HMRC call as another sophisticated attempt to obtain sensitive personal information at a time when attacks from scammers
Hot Business News Today
Where to get your small business Restart Grant worth up to £18,000
by Anna Jordan • • 0 Comments
Originally written by Anna Jordan on Small Business
The Government recently announced a Restart Grant for small businesses in England, launching this April.
What is the Restart Grant?
The Restart Grant is a new fund for business owners, helping them through what is hoped will be the final stages of Covid-19 restrictions.
It will replace the monthly Local Restrictions Support Grant (Closed) and Local Restrictions Support Grant (Open) – these will both close at the end of March.
Around 700,000 businesses in England will be eligible for the grant.
Commenting on the Restart Grant, Institute of Directors director general Jonathan Geldart said: “Restart grants and ongoing business rates relief give a cashflow boost to many firms that will struggle to make full productive use of their properties as restrictions linger.”
Mike Cherry, chairman of the Federation of Small Businesses, said it was key that the very smallest businesses get hold of their Restart Grants.
How much will I get?
Non-essential retail will receive up to £6,000 per premises. Gyms, leisure, personal care, accommodation and hospitality businesses will receive up to £18,000.
The sum you’ll receive is based on your rateable value.
If your rateable value is £15,000 or less, you can claim up to £8,000
If it’s between £15,000 and £51,000, you
Hot Business News Today
Where to get your small business Restart Grant worth up to £18,000
by Anna Jordan • • 0 Comments
Originally written by Anna Jordan on Small Business
The Government recently announced a Restart Grant for small businesses in England, launching this April.
What is the Restart Grant?
The Restart Grant is a new fund for business owners, helping them through what is hoped will be the final stages of Covid-19 restrictions.
It will replace the monthly Local Restrictions Support Grant (Closed) and Local Restrictions Support Grant (Open) – these will both close at the end of March.
Around 700,000 businesses in England will be eligible for the grant.
Commenting on the Restart Grant, Institute of Directors director general Jonathan Geldart said: “Restart grants and ongoing business rates relief give a cashflow boost to many firms that will struggle to make full productive use of their properties as restrictions linger.”
Mike Cherry, chairman of the Federation of Small Businesses, said it was key that the very smallest businesses get hold of their Restart Grants.
How much will I get?
Non-essential retail will receive up to £6,000 per premises. Gyms, leisure, personal care, accommodation and hospitality businesses will receive up to £18,000.
The sum you’ll receive is based on your rateable value.
If your rateable value is £15,000 or less, you can claim up to £8,000
If it’s between £15,000 and £51,000, you
Hot Business News Today
Restart Grant for your small business – what is it and where to claim
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
Rishi Sunak has announced a £5bn Restart Grant scheme to help any small business most badly affected by Covid-19, according to reports.
A Restart Grant worth up to £18,000 for the largest businesses will help shops, pubs, hotels and any other small business through to June 21, when it’s hoped the final coronavirus restrictions will be lifted.
Mr Sunak is also expected to announce on Wednesday that other small business support schemes such as furlough will be extended until the end of June.
Where to find your Restart Grant
The Restart Grant scheme, administered by local councils, will help almost 700,000 small business owners including those running shops, pubs, clubs, hotels restaurants, gyms and hair salons.
Non-essential retail businesses will get up to £6,000 per premises through the Restart Grant scheme to help them reopen. Shops will reopen no earlier than April 12, according to the Government’s Covid-19 roadmap.
More Restart Grant money will be available for any small business in hospitality, accommodation, leisure, personal care and gyms, which will reopen later and will be more affected by restrictions. They can receive up to £18,000, depending on their rateable value.
Meanwhile, local authorities in England will also get an extra
Hot Business News Today
Restart Grant for your small business – what is it and where to claim
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
Rishi Sunak has announced a £5bn Restart Grant scheme to help any small business most badly affected by Covid-19, according to reports.
A Restart Grant worth up to £18,000 for the largest businesses will help shops, pubs, hotels and any other small business through to June 21, when it’s hoped the final coronavirus restrictions will be lifted.
Mr Sunak is also expected to announce on Wednesday that other small business support schemes such as furlough will be extended until the end of June.
Where to find your Restart Grant
The Restart Grant scheme, administered by local councils, will help almost 700,000 small business owners including those running shops, pubs, clubs, hotels restaurants, gyms and hair salons.
Non-essential retail businesses will get up to £6,000 per premises through the Restart Grant scheme to help them reopen. Shops will reopen no earlier than April 12, according to the Government’s Covid-19 roadmap.
More Restart Grant money will be available for any small business in hospitality, accommodation, leisure, personal care and gyms, which will reopen later and will be more affected by restrictions. They can receive up to £18,000, depending on their rateable value.
Meanwhile, local authorities in England will also get an extra
Hot Business News Today
Where to find your £2,000 Brexit Support Fund grant
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
Small businesses that only trade with the EU can apply for a £2,000 grant through the Brexit Support Fund for help with importing and exporting.
The government has made £20m available for the Brexit Support Fund to help small businesses with changes to EU trade rules.
The Brexit Support Fund is meant to help Britain’s 6m small businesses cope with new customs, rules of origin, and VAT rules import that come into force from April and July.
>See also: Half of small business exporters struggling with new rules post Brexit
The existing Customs Grant Scheme will administer the Brexit Support Fund, which will open for applications in March.
What the government calls new import controls will come into effect in three stages up to July 1 2021 to allow traders and hauliers adjust to new red tape. More details can be found in the Border Operating Model.
Businesses do not have to complete new import declarations for up to six months, unless they are moving controlled goods.
Michael Gove, the Chancellor of the Duchy of Lancaster, said: “This new targeted funding will see small businesses get more of the practical support they need to adjust to the new processes and
Hot Business News Today
Where to find your £2,000 Brexit Support Fund grant
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
Small businesses that only trade with the EU can apply for a £2,000 grant through the Brexit Support Fund for help with importing and exporting.
The government has made £20m available for the Brexit Support Fund to help small businesses with changes to EU trade rules.
The Brexit Support Fund is meant to help Britain’s 6m small businesses cope with new customs, rules of origin, and VAT rules import that come into force from April and July.
>See also: Half of small business exporters struggling with new rules post Brexit
The existing Customs Grant Scheme will administer the Brexit Support Fund, which will open for applications in March.
What the government calls new import controls will come into effect in three stages up to July 1 2021 to allow traders and hauliers adjust to new red tape. More details can be found in the Border Operating Model.
Businesses do not have to complete new import declarations for up to six months, unless they are moving controlled goods.
Michael Gove, the Chancellor of the Duchy of Lancaster, said: “This new targeted funding will see small businesses get more of the practical support they need to adjust to the new processes and