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Local Restrictions Support Grant (For Open Businesses) – England

The Local Restrictions Support Grant (LRSG (Open)) supports businesses that have been severely impacted due to temporary local restrictions. Businesses that have not had to close but which have been severely impacted due to local restrictions (Local COVID alert levels: High or Very High) may be eligible for LRSG (Open). Eligible businesses may be entitled to a cash grant from their local council for each 28-day period under local restrictions. Local councils have the discretion to provide grant funding for businesses under this scheme. They will use their discretion in identifying the right businesses to receive this funding, based on their application process. Eligibility Your business may be eligible if it: is based in England is in an area subject to ‘High’ or ‘Very High’ local restrictions since 1 August 2020 and has been severely impacted because of the local restrictions was established before the introduction of Local COVID alert

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4th December 2020
Family at Christmas

Christmas Arrangements

A joint statement on UK-wide Christmas arrangements from the UK Government and Devolved Administrations has been published outlining UK wide arrangements for Christmas. They have agreed that: Travel restrictions across the four administrations and between tiers will be lifted to provide a window for households to come together between the 23rd and 27th of December. Up to three households can form an exclusive ‘bubble’ to meet at home during this period. When a bubble is formed it is fixed and must not be changed or extended further at any point. Each Christmas bubble can meet at home, at a place of worship or an outdoor public place, but existing, more restrictive rules on hospitality and meeting in other venues will be maintained throughout this period. See: Further guidance on creating a “Christmas bubble” between 23 and 27 December can be seen at gov.uk.

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4th December 2020
Woman on Zoom call wearing a face mask. Photo by Ivan Samkov from Pexels

New National Restrictions From 5 November

The Government has issued Information on the new national restrictions, including what they mean for working from home and business closures and the financial support available. The guidance covers: Stay at home Staying safe outside the home (Social Distancing) Meeting with family and friends Businesses and venues Weddings, civil partnerships, religious services and funerals Going to work Going to school, college and university Childcare and children’s activities Visiting relatives in care homes Travel Financial support Read the detailed guidance   BUSINESSES AND VENUES To reduce social contact, the Government has ordered certain businesses and venues to close. These include: all non-essential retail, including, but not limited to clothing and electronics stores, vehicle showrooms, travel agents, betting shops, auction houses, tailors, car washes, tobacco and vape shops. indoor and outdoor leisure facilities such as bowling alleys, leisure centres and gyms, sports facilities including swimming pools, golf courses and driving ranges, dance

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9th November 2020
Man social distancing in a quiet coffee shop

Temporary 5% VAT rate for food, accommodation and attractions starts 15 July (Updated)

Updated:  24 September 2020     From Wednesday 15 July 2020 to 12 January 2021, to support businesses and jobs in the hospitality sector, the reduced 5% rate of VAT will apply to supplies of food and non-alcoholic drinks from restaurants, pubs, bars, cafés and similar premises across the UK.  The 5% reduced rate of VAT will also apply to supplies of accommodation and admission to attractions across the UK and will also apply between  15 July 2020 to 12 January 2021. Further guidance on the scope of this relief  is below, but due to the short notice of this change businesses should start planning straight away for changes to their accounting software, invoicing and prices.  Please contact us if you require assistance in getting ready for the changes.   In the Chancellor’s announcements to Parliament on 24 September 2020, he announced that the reduction in VAT to 5% for

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24th September 2020

New Grants to boost recovery of small businesses

  Thousands of smaller businesses in England are set to benefit from £20 million of new government funding to help them recover from the effects of the coronavirus pandemic, the Minister for Regional Growth and Local Government has announced.   Small and medium sized businesses will have access to grants of between £1,000 – £5,000 to help them access new technology and other equipment as well as professional, legal, financial or other advice to help them get back on track.   The support will be fully funded by the Government with no obligation for businesses to contribute financially and the support will be fully funded by the government from the England European Regional Development Fund and distributed through local enterprise partnerships (LEP) Growth Hubs, embedded in local areas across England.   LEPs are voluntary partnerships between local authorities and businesses, set up in 2011 by the Department for Business, Innovation

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31st July 2020
Couple eating out at a reastaurant

Eat out to help out in August

In order to support around 130,000 businesses and to help protect the jobs of their 1.8 million employees in the hospitality sector the government will introduce the “Eat Out to Help Out” scheme to encourage people to return to eating out. This radical scheme will entitle every diner to a 50% discount of up to £10 per head on their meal, at any participating restaurant, café, pub or other eligible food service establishment. The discount can be used an unlimited number of times and will be valid Monday to Wednesday on any eat-in meal (including non-alcoholic drinks) for the entire month of August 2020 across the UK. The government will open a new website where businesses can register for the scheme online, with the funds they claim paid within five working days.

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10th July 2020
The letters spelling Hobs pinned on to a cork board

Chancellor announces “a plan for jobs”

Many of the changes announced by the Chancellor in his statement on 8 July, such as the temporary Stamp Duty holiday, had already been leaked to the press but as in previous Budgets he still managed to keep a few surprises up his sleeve. The main thrust of his statement was to introduce measures intended to avoid widespread redundancies when the current furlough scheme comes to an end in November. There was also welcome news for the hospitality sector with the temporary reduction in the VAT rate to 5% and the 50% discount for food in catering establishments in August. The cost of the new measures announced was another £30 billion on top of the £158 billion already spent by the Government supporting employees and businesses since the COVID-19 pandemic started. In addition there is a further £123 billion in loan guarantees and tax deferrals, some of which may not

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10th July 2020

C19: Latest News

The Government has stepped in to provide support to certain areas of the economy but even with this becoming available in the coming weeks, some of us will need advice on how to survive the lock down. Here are our thoughts. Apply for all Government supports if you need them. Stay strong – the health of you and your family is more important than your business. Talk to us to help work through forecasts or get the figures needed for the bank. Keep sane – You can’t control this, relax and keep busy, research, get new skills, look for new technology and above all keep in regular contact with customers, suppliers, friends and family. Plan for the end of the lock down – think about how you would do things differently in this changed world. We cannot know how long this Pandemic will last and what the effects will be

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26th April 2020

More rates relief for small businesses

There has again been much lobbying from the small business sector to reduce business rates to enable traditional retailers in particular to compete with internet traders.   The Chancellor announced a long term review of the future of business rates, but in the meantime there are some very welcome measures to assist small businesses. A business rates holiday for all retail, leisure and hospitality businesses for 2020/2021.   In addition, very small businesses who already pay no business rates at all will be able to claim a £10,000 cash grant.

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20th March 2020

Coronavirus Business Support

UPDATED: 23 March 2020 16:15   As we are in unprecedented times and there are no doubts that business is going to be tough over the coming weeks / months. This is a guide to some support available to you as business owners at the moment, with links to the appropriate websites and government support mechanisms. In the Budget (11 March 2020) the Chancellor announced a package of measures to provide support for public services, individuals and businesses to ensure the impact of COVID-19 is minimised. Further support was also announced on 17th March 2020, and 21st March and should be constantly reviewed. The package of measures to support businesses includes: Coronavirus Job Retention Scheme Deferring VAT and Income Tax payments A Statutory Sick Pay relief package for SMEs A 12-month business rates holiday for all retail, hospitality and leisure businesses in England Small business grant funding of £10,000 for

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18th March 2020
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