31 Mar SUPPORT FOR BARWELL BUSINESSES THROUGH COVID-19

A number of economic interventions have been announced by the Government to assist businesses through this unprecedented time caused by the coronavirus pandemic.

The Government will cover up 80% of furloughed workers’ salaries, up to £2,500 a month, to safeguard workers from being made redundant, backdated to 1 March.

Businesses eligible for small business rate relief, rural rate belief or tapered relief will receive a £10,000 cash grant and up to £25,000 in grant funding is available for businesses in the retail, hospitality or leisure sectors with premises with a rateable value of less than £51,000 – who will also have a 12-month business rate holiday automatically applied.

VAT payments from 20 March to 30 June have been automatically deferred to the end of the year and up to £5million in loan funding is available for SMEs. For more information, visit www.british-business-bank.co.uk

For the latest Government support for businesses, visit https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses

For wellbeing advice from the NHS, visit https://www.nhs.uk/oneyou/every-mind-matters/coronavirus-covid-19-staying-at-home-tips/

You can also read the blog by The HR Dept who will be hosting a business growth seminar at Barwell. Visit the website: https://www.hrdept.co.uk/services/coronavirus/