Monday 30th March 2020
Coast to Capital Backing Business Grants
Coast to Capital Local Enterprise Partnership is about to open applications for a business support grant. The Coast to Capital Backing Business Grants is a £2 million fund that has been set up to provide grants to small businesses and social enterprises in our area who have been affected by COVID-19.
Please see an extract from the call for applications below.
If you are a business or social enterprise based in West Sussex, Brighton & Hove, or East Surrey (Epsom and Ewell, Mole Valley, Reigate and Banstead, Tandridge) with 5-50 FTE (full time equivalent) workforce who has been trading for over 2 years and have an annual turnover of under £10m, you can apply for a grant of £5,000-£25,000 to fund specific measures to help you to adapt, evolve and innovate to the various economic impacts brought about by the pandemic.
Applicants must use the grant to implement one or more of the following measures:
- Adapt their operations to remote working. This might include acquisition of computer hardware or software or other physical measures to support the separation of staff and deliver sustained operations;
- Evolve their business model to boost and retain cash-flow. This might include firms which are no longer able to sell directly to customers and need to add new delivery or marketing functions;
- Innovate their business model to meet the new demands of consumers during the COVID-19 scenario.
The grant is available for all sectors, however we will be particularly interested to receive applications from businesses working in the sectors in which our economy has been particularly impacted by recent economic events (i.e. aviation and aviation supply chain, tourism, hospitality and leisure and the service economy).
For more information click here ???? https://www.coast2capital.org.uk/backing-business-grants
NOTE: The grants will be made available on a first-come-first-served basis.
Friday 27th March 2020
Self-employment Income Support Scheme
The Government has launched the Self-employment Income Support Scheme (SEISS) which will support self-employed individuals (including members of partnerships) whose income has been negatively impacted by COVID-19. The scheme will provide a grant to self-employed individuals or partnerships, worth 80% of their profits up to a cap of £2,500 per month.
HMRC will use the average profits from tax returns in 2016-17, 2017-18 and 2018-19 to calculate the size of the grant. The scheme will be open to those where the majority of their income comes from self-employment and who have profits of less than £50,000. The scheme will be open for an initial three months with people able to make their first claim by the beginning of June.
For more details on SEISS CLICK HERE
Thursday 26th March 2020
'Essential Retailers' list has been updated
After strict new restrictions were brought in by government earlier this week, a new list of “essential retailers” that are allowed to stay open has been released. They include:
Supermarkets and other food shops, including food markets
Off-licences and licensed shops selling alcohol, including those within breweries
Home and hardware stores
Launderettes and dry cleaners
Remember only go out shopping if it is absolutely necessary otherwise STAY AT HOME
Wednesday 25th March 2020
COVID-19: How to securely close your premises
Following the Prime Minister’s recent COVID-19 briefing, the Government has announced that all non-essential shops have been asked to close until further notice.
This is in addition to leisure and hospitality businesses which were asked to close earlier, and other employers whose staff are advised to work from home. The aim is to reduce and slow down the spread of the virus. We are all now advised to only be leaving our homes for exercise and vital essentials only.
This decision will have a significant impact on many businesses, from the small independent business community through to national high street brands.
Particular attention is required at this stage to best protect premises that might be unoccupied for some time. We recommend that you use and adapt the following checklist:
1. Test all alarms and CCTV systems, ensuring they are working correctly
2. Check all exterior doors, testing that they are locked and fully secured
3. Remove all cash from tills
4. Remove all stock from window displays or stock visible through shop windows, particularly high value stock e.g. perfume, makeup, electrical goods, medicines, jewellery, clothing etc
5. Update key holder details with alarm companies and security providers
6. Where possible, use large items to block plate glass doors inside premises or lower shutters
7. Pubs and clubs should clear bar shelves of all stock, securing it in cellars or stockrooms
8. Fruit or gaming machines should be emptied of change and left in such a way that they can be seen to be empty
9. Provide suitable signage on the exterior of the property (e.g. “no cash in tills”, “no stock inside”, “burglar alarm fitted” etc.)
These are unprecedented times but the Epsom BID team remain available to offer advice where possible.
If you have any concerns, contact us on email@example.com and we will get back to you as soon as possible.
Tuesday 24th March 2020
To all Epsom businesses
The government has now launched a new website outlining all the business support measures available.
If you have queries or concerns about how the current situation is affecting your business, please look at this first; -