Tag Archive for small business coronavirus help

What coronavirus business support is available from the government?

Originally written by Anna Jordan on Small Business
After almost a year of lockdowns and restrictions, coronavirus business support is still very much needed by firms across the UK.
We’ve gathered a list of government help, past and present, to let you know what is available to you.
Active
These funding and support opportunities are currently open. You can find further information within the links in the headings.
Deadlines are also outlined below.
Additional Restrictions Grant

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

Deadline: Ongoing
Bounce Back Loan Scheme

Loans of between £2,000 and £50,000, up to 25 per cent of turnover
The government guarantees 100 per cent of the loan with no fees or interest to pay for the first 12 months. After 12 months the interest rate will be 2.5 per cent a year
Companies can now apply for a top-up in cases where they initially did not borrow the full amount available

Deadline: March 31 2021
> See also: Microbusiness £50,000 Bounce Back Loans – how they work
Business Rates Holiday

Businesses in the retail, hospitality and leisure sectors in England will not have to pay business rates for the 2020-2021 tax year.

Deadline: April 6 2021
Commercial eviction ban

Landlords have been banned from turfing

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What coronavirus business support is available from the government?

Originally written by Anna Jordan on Small Business
After almost a year of lockdowns and restrictions, coronavirus business support is still very much needed by firms across the UK.
We’ve gathered a list of government help, past and present, to let you know what is available to you.
Active
These funding and support opportunities are currently open. You can find further information within the links in the headings.
Deadlines are also outlined below.
Additional Restrictions Grant

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

Deadline: Ongoing
Bounce Back Loan Scheme

Loans of between £2,000 and £50,000, up to 25 per cent of turnover
The government guarantees 100 per cent of the loan with no fees or interest to pay for the first 12 months. After 12 months the interest rate will be 2.5 per cent a year
Companies can now apply for a top-up in cases where they initially did not borrow the full amount available

Deadline: March 31 2021
> See also: Microbusiness £50,000 Bounce Back Loans – how they work
Business Rates Holiday

Businesses in the retail, hospitality and leisure sectors in England will not have to pay business rates for the 2020-2021 tax year.

Deadline: April 6 2021
Commercial eviction ban

Landlords have been banned from turfing

Read more...

Quarter of a million small businesses set to fold without more Covid help

Originally written by Timothy Adler on Small Business
Over 250,000 small businesses are set to close this year without further Covid financial help, according to the latest FSB study.
Five per cent of small businesses surveyed said they do not expect to struggle on beyond 2021.
One in five small businesses made staff redundant between October and December last year. One in seven expect to do so before April.
>See also: Small business calls for multibillion-pound Covid-19 support package
The quarterly Federation of Small Businesses (FSB) Small Business Index (SBI) showed confidence at second lowest ebb in report’s 10-year history.
And the cohort expecting profits to fall in the first quarter this year hit an all-time high, with exporters having to deal with EU red tape as the UK-EU trade deal shakes down.
Mike Cherry, chairman of the FSB, said that although small business has welcomed the Covid help lifelines thrown to the retail, hospitality and leisure sectors, the government must realise that the small community is wider than that.
Nothing has been done for company directors, the newly self-employed and those who do not use commercial premises, Mr Cherry said.
>See also: Which small businesses can stay open in national lockdown?
Last week, the FSB published a five-point plan

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How to get a £30,000 grant for your London-based small business

Originally written by Anna Jordan on Small Business
Today the Mayor of London launches the £1m London Resilience Fund for businesses (including small firms), social enterprises and community groups who are based in the capital.
Funding of up to £30,000 from the £1m pot will be given to projects that develop innovative solutions to environmental and economic solutions facing London’s economy.
This could be an initiative to:

Boost supply chain resilience
Build businesses operational resilience
Tackle inequality
Address food insecurity
Improve health and wellbeing
Improve air quality and tackle climate change

To find out more information, please contact innovation@london.gov.uk.
The London Business Hub also provides a range of free support and funding opportunities to SMEs from all sectors. It includes an online portal where they can get advice on business rates, landlord negotiations, navigate government support schemes and recover reduced revenue streams.
Through a partnership with the Business School (formerly Cass Business School), firms will receive extra support and access one-on-one tailored advice with the Hub’s team of business advisers. A peer-to-peer network has been set up where business owners can discuss the difficulties they’re having.
The hub aims to help with the double blow of COVID-19, a potential no-deal Brexit and other future emergencies.
Sadiq Khan said: “The coronavirus pandemic has hit London’s

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How to re-organise your shop post lockdown

Originally written by Anna Jordan on Small Business
The British Retail Consortium (BRC) has outlined social distancing recommendations for shops once we start coming out of lockdown.
They stress that it’s the responsibility of the business to decide what social distancing measures they’re going to implement based on what’s appropriate. Business owners should also be communicating with colleagues to reassure them of their safety within their roles.
Measures suggested below should be implemented alongside safety requirements like the Health and Safety at Work regulations.
Social distancing in and around stores
Outside store

Limit number of entry and exit points into and out of store. Consider having separate entrance and exit points if possible.
Limit the number of customers in the store at any time. Assess the size of the store and its layout, this will enable you to calculate the number of customers who can reasonably follow 2m social distancing.
Consider whether temporary barriers should be available in case it is necessary to stop people joining a queue.
Place clear signage outside of the store explaining the social distancing measures in place that customers should follow.
Place markings outside the store to assist correct queue spacings.
Speak to nearby premises to work together to manage possible shared queuing areas.
Consider non-contact

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Should I reduce my marketing budget due to coronavirus?

Originally written by Michael Bush on Small Business
With the events and hospitality industry on its knees, millions of businesses forced to operate remotely, and the economy in decline, coronavirus has a lot to answer for.
One of the biggest issues for the business community is mounting fear. Whether that’s fear as to how the virus will impact the health of valued employees or fear as to whether UK businesses will be able to survive these unprecedented times.
As a result, many businesses have started to cut costs, pause spend and retreat from day to day operations.
For the majority, the first budget to be cut when facing times of adversity is marketing, and for the many business owners frantic with worry about coronavirus, this will come as no surprise.
‘Cutting marketing spend at a time when you need to engage your target audience more than ever makes zero sense’
However – except for businesses physically unable to operate right now – cutting marketing spend at a time when you need to reach and engage with more members of your target audience than ever before makes zero sense.
With that in mind, here’s five reasons why you shouldn’t cut or reduce your marketing budget in response to

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What coronavirus small business help is available for free?

Originally written by Timothy Adler on Small Business
UPDATED: Many tech suppliers and digital companies are offering their services for free to small business to help it get through the coronavirus Covid-19 shutdown.
Here is a list of software and digital services coronavirus help being offered for free to small business, which will be updated regularly.
Cybersecurity
Kapersky
Kaspersky has made its core endpoint security products free for medical organisations. This will enable healthcare professionals to keep surgeries and hospitals protected from cyberthreats during the Covid-19 crisis.
For six months, the following products will be available for free:

Kaspersky Endpoint Security Cloud Plus
Kaspersky Security for Microsoft Office 365
Kaspersky Endpoint Security for Business Advanced
Kaspersky Hybrid Cloud Security

For more detailed information about the offering and its availability please visit Kaspersky business blog and contact Kaspersky or its resellers.
ImmuniWeb
ImmuniWeb is offering $500,000 worth of cybersecurity solutions for free to qualifying companies during the Covid-19 crisis.
To qualify, a UK small business must have existed for at least two years with less than 30 per cent of revenue stemming from online sales in 2019 and with plans for 70 per cent of revenue shifting online as a result of the coronavirus pandemic.
The following software packages are available for qualifying small businesses:

ImmuniWeb® Discovery
ImmuniWeb®

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