Latest Covid-19 advice & support for BID members27/05/2020
Newport Now BID is working hard to provide as much practical help, support and advice to its members as possible.
This page will be updated regularly with links to such advice, as well as latest BID activity.
Coronavirus Statutory Sick Pay Rebate Scheme set to launch
Employers will be able to make claims through the scheme from May 26. For full details click here.
Welsh Government publishes its 'roadmap' to easing the lockdown
The Welsh Government today published its traffic light system setting out how Wales could exit the Covid-19 lockdown. You can download the document by clicking here.
Help for self-employed scheme is now live
The UK Government's Self-Employment Income Support Scheme is now live. If you're self-employed or a member of a partnership and have been adversely affected by coronavirus (COVID-19) use this scheme if you're eligible to claim the grant. More information here: https://www.gov.uk/guidance/claim-a-grant-through-the-self-employment-income-support-scheme
Bounce Back Loan scheme launches
The Bounce Back Loan scheme helps small and medium-sized businesses to borrow between £2,000 and £50,000. The government guarantees 100% of the loan and there won’t be any fees or interest to pay for the first 12 months. Loan terms will be up to 6 years. No repayments will be due during the first 12 months. The government will work with lenders to agree a low rate of interest for the remaining period of the loan. The scheme will be delivered through a network of accredited lenders. Here's how to apply: https://www.gov.uk/guidance/apply-for-a-coronavirus-bounce-back-loan
New measures to protect UK high street from aggressive rent collection and closure
High street shops and other companies under strain will be protected from aggressive rent collection and asked to pay what they can during the coronavirus pandemic. More details here: https://www.gov.uk/government/news/new-measures-to-protect-uk-high-street-from-aggressive-rent-collection-and-closure
Coronavirus Job Retention Scheme
The UK Government’s furlough scheme opens for applications today - 10 days ahead of schedule.
Employers in Wales can now go online to claim cash grants worth up to 80% of wages, capped at £2,500 a month per worker.
5,000 HMRC staff will operate the scheme – which is expected to help thousands of firms across the UK.
Advice to employers and employees:
- Read all the available guidance on GOV.UK before applying;
- Gather all the information and the precise calculations before starting an application. If you have a payroll provider, they will be able to help you;
- Employees can find out more in the calculation guidance where they can access a claim calculator.
- To receive payment by 30 April, employers will need to complete an application by 22 April.
- HMRC expect to be very busy so we would ask that employers only call the helpline if they can’t find what they need on GOV.UK or through the webchat service - this will leave lines open for those who need urgent assistance.
Welsh Government's Economic Resilience Fund application portal now open
Additional grant funding is being made available with applications open from today. The expectation is for the demand for these grants to be high ( and it is on a first come first serve basis).
Details of the scheme can be found here: https://gov.wales/find-out-if-your-business-eligible-support-new-economic-resilience-fund
Check your eligibility here. If you are eligible you will be take automatically to the application form: https://fundchecker.businesswales.gov.wales/
Job Retention Scheme Update
The HMRC portal to process the Coronavirus Job Retention Scheme (CJRS) will go live on April 20 and have the capacity to handle 450,000 claims an hour. Once claims have been submitted, payment for furloughed workers can be expected within four to six working days. Companies will be able to claim furlough payments 14 days in advance of an employer’s payroll run, to ease immediate cash flow pressures.
Updated government guidance for employers and businesses
List of Newport businesses still trading(to be added to this list, email firstname.lastname@example.org)
Business Wales coronavirus webinars
Media Wales launches initiative to support local businesses
Welsh Government announces £500m Economic Resilience Fund
Government announces scheme to support self-employed
Extra protection for commercial tenants
Latest direction on which businesses must close
Coronavirus – Support for small businesses
The Welsh Government is making funds available for non-repayable grant for small businesses with a rateable value of up to £51,000.For more information and how to apply visit – www.newport.gov.uk/business
Updated UK government information for employers
Updated UK government information for employees
Business support from Welsh Government
Update on BID services
Following government instructions, a number of BID services have been temporarily suspended with immediate effect. These include our Ambassadors, who ended their patrols on March 23, and the Savings Advisory Service. BID members can continue to contact our manager Kevin Ward for help, advice and support - please email email@example.com.
Information from Newport City Council
ACAS advice for employers and employees
Business support and other information from UK Government
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