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Updates for businesses

This page has the latest news for businesses in Rutland from our economic development team and the Lincolnshire Growth Hub.


Business summit postponed

We've postponed the business summit that was planned for November 2020, due to COVID-19. 

We hope to run the event early next year - we'll set a new date when we can.

Kickstart scheme 

The government has introduced a Kickstart Scheme in Great Britain, a £2 billion fund to create hundreds of thousands of high-quality 6-month work placements aimed young people aged 16 to 24 who are on Universal Credit and may be at risk of long term unemployment.

The funding available for each job will cover 100% of the relevant National Minimum Wage for 25 hours a week, plus the associated employer National Insurance contributions and employer minimum automatic enrolment contributions.

More guidance and promotional materials for the Kickstart Scheme can be found on the government's website.

Re-opening of some business and venues in England postponed

Government has announced that these businesses and venues must stay closed until 15 August at the earliest:

  • casinos
  • bowling alleys
  • skating rinks 
  • any remaining close contact services 
  • indoor performance venues

Pilot events for larger crowds in sports venues and conference centres will not take place now.

Wedding receptions of up to 30 people are also not permitted. 

Data on the prevalence of the virus in the community in England will carry on being reviewed, with the intention to open up higher risk settings as soon as the data supports this.

Job Retention Bonus

Government have announced a Job Retention Bonus.

The bonus will provide additional support to employers who keep any furloughed employees on in meaningful employment after the Job Retention Scheme ends on 31 October 2020. 

Employers will receive a one-off £1,000 bonus for every employee they previously claimed for under the retention scheme, and who remains continuously employed through to 31 January 2021. 

To be eligible, the employee must earn at least £520 a month on average between  1 November 2020 and 31 January 2021. 

You will be able to claim the Job Retention Bonus after you've filed PAYE for January 2021. 

Payments will be made from February 2021.

Find out more about the Job Retention Bonus

Eat out to Help Out scheme

Government's Eat Out to Help Out scheme is now available.

Anyone visiting a participating restaurant, café or pub on Mondays, Tuesdays and Wednesdays throughout August will receive the half price discount

Find out more and sign up to be part of the scheme

Support Services for Businesses

This list gives information on a range of support services available to businesses based in Rutland. Please follow the links provided to access further details. Rutland is aligned to Greater Lincolnshire Local Enterprise Partnership (GLLEP) giving our businesses can access a network of business support advisors. However, due to EU funding regulations, some funds or programmes managed by GLLEP may not be accessible to Rutland-based businesses. 

Financial Support

 

What

Details

 

 

 

 

100% Business Rates Holiday

Government Backed  Local Authority Rates Teams

A 100% business rates holiday for all retail, hospitality and leisure businesses that operate from a commercial premises with any rateable value for the duration of the 2020-21 tax year.

Coronavirus Business Loans for Small and Medium Enterprises

Government & British Business Bank backed

Loans and overdrafts of between £1,000 & £5 million available to SMEs (with ≤£41 million T/O) that have a sound borrowing proposal, but insufficient security to meet a lender’s normal requirements.

In the first instance, businesses should approach their own provider – ideally via the lender’s website. They may also consider approaching other lenders if they are unable to access the finance they need.

If the lender can offer finance on normal commercial terms without the need to make use of the scheme, they will do so. The borrower always remains 100% liable for the debt.

There are two government-backed loans. The Coronavirus Business Interruption Loan (CBILS)  and The Business Bounce Back Loan (BBL)

CBILS: KEY FEATURES

  • Up to £5m facility: on repayment terms of up to six years.
  • The first 6 months of the credit facility will be interest free.
  • 80% guarantee backed by the government.
  • No guarantee fee for SMEs to access the scheme.
  • Interest and fees paid by Government for 12 months
  • Smaller businesses will benefit from no upfront costs and lower initial repayments.
  • Finance terms: Finance terms are up to six years for term loans and asset finance facilities.
  • Security: At the discretion of the lender, the scheme may be used for unsecured lending for facilities of £250,000 and under. For facilities above £250,000, the lender must establish a lack or absence of security prior to businesses using CBILS.
  • British Business Bank Coronavirus Business Interruption Loan Scheme

BUSINESS BOUNCE BACK LOAN:

KEY FEATURES

  • BBLs are from £2k - £50k; up to 25% of the businesses t/o
  • Repayment term ; 6 years (no penalty for early repayment
  • 100% government backed guarantee – lender remains 100% liable for the debt
  • Government pays interest for first 12 months; lender has option not to make payments in first 12 months.
  • Interest set at 2.5%
  • British Business Bank Business Bounce Back Loans

Support for businesses paying tax

HMRC Dedicated Helpline:  0800 0159 559

HMRC Advice

Businesses in financial distress/with outstanding tax liabilities may be eligible to receive support with their tax affairs through HMRC’s Time To Pay service. These arrangements are agreed on a case-by-case basis.

Statutory Sick Pay rebate (SMEs)

Government Backed

SSP Advice

Employers can reclaim Statutory Sick Pay (SSP) paid for sickness absence due to COVID-19. This scheme will cover up to 2 weeks of SSP for every eligible employee.

Employers must maintain records of staff absences and payments for SSP. Employees will not have to provide a GP fit note.

You are eligible if your business meets both of the following requirements. Your business is: UK based small or medium-sized and employs fewer than 250 employees as of 28 February 2020

Insurance Payments

Insurance Providers

Businesses that have cover for both pandemics and government-ordered closure should be covered, as the government and insurance industry confirmed on 17 March 2020 that advice to avoid pubs, theatres etc. is sufficient to make a claim.

Insurance policies differ significantly, so businesses are encouraged to check the terms and conditions of their specific policy and contact their providers. Most businesses are unlikely to be covered, as standard business interruption insurance policies are dependent on damage to property and will exclude   pandemics.

Redundancy Support

 

Rapid Response Service – Jobcentre Plus

Jobcentre Plus

Email rrs.enquiries@dwp.gov.uk

Jobcentre Plus is providing support and advice to employers and employees in redundancy situations through its Rapid Response Service. Advice is available for employers with any number of employees at risk of redundancy. Support includes:

  • Helping people facing redundancy to write CVs and find jobs
  • Providing general information about benefits
  • Helping people to find the right training and learn new skills
  • Helping with costs like travel to work expenses

To find out how your business can use the Rapid Response Service, email rrs.enquiries@dwp.gov.uk and include:

  • your contact details
  • the town(s) your business is based in (including postcodes)
  • the location(s) of the redundancies

Funded Advice and Support

 

Start-up Businesses (Under 30) Rutland

 

Better Off in Business (Princes Trust)

website

This programme helps young people aged 18-30 to explore and test their business ideas, write business plans and start their own businesses or achieve alternative goals in education, training or work.

Growth Hub Advisors

 

Business advice service for Rutland businesses

Business Lincolnshire Growth Hub

Email: businesslincolnshire@lincolnshire.gov.uk Website: www.businesslincolnshire.com

Information, advice and guidance available via telephone and email with a locally-based business advisor. 

Call back from advisors within 1 working days of the enquiry being received. A range of specialist provision is also available which can be tailored to the needs of the business. Examples include: Finance Readiness, Finance Planning, HR, Supply Chain, Marketing, Resource Efficiency, Digitisation,

Events programme

 

Business Lincolnshire Growth Hub

events page

A range of live and interactive webinars, workshops and larger events covering a range of key topics to support businesses during the Covid-19 outbreak.

University of Lincoln

Business engagement

Business Engagement/

Dedicated Coronavirus: Support for Businesses page containing useful information and resources including:

  • Business Support FAQs
  • Research and Consultancy collaboration FAQs
  • Staff Development and Training FAQs
  • Student and Graduate Employers FAQs
  • Productivity Programme – Business Grants, Vouchers, Advisor Support, Student / Graduate Start up support
  • Coronavirus Crisis Webinars and Library of Past Webinars

Covid-19 Toolkit: Reopening Safely across Rutland & Lincs

Better Business for All

Covid toolkit

This toolkit aims to provide businesses with the information they need about their regulatory and legal responsibilities during the COVID-19 pandemic.  This will make it quicker and easier for businesses to locate the information they need to restart their business safely, rather than having to visit lots of different websites and organisations in order to locate the advice and guidance relevant to their particular question.

Support from Membership Organisations

 

Confederation of British Industry (CBI)

CBI website

  • Coronavirus Hub covering the following areas:
  • Emergency legislation and regulation
  • Cleaning and health in the workplace
  • Employment
  • Supply chain
  • Daily webinars available as well as specific topics such as policy briefings
  • Previous webinar recordings are available
  • Factsheets available include
  • Corporate governance changes
  • PPE in the work place
  • Cyber Security

Federation of Small Businesses (FSB)

FSB Website

  • COVID 19 information and Advice
  • Members can access a large number of resources such as:
  • 24/7 FSB Legal Protection hotline and online hub of legal documents, employment protection and HR guidance including information on the furlough scheme
  • Tax Investigation Protection - members have automatic access to comprehensive and free tax advice and tax investigation insurance
  • FSB Workplace Pensions - a straightforward and cost effective solution specifically designed to help small businesses ensure their workplace pension scheme is fully compliant.
  • Free Business Banking with the Co-operative Bank
  • FSB Care – a hotline for business owners to seek advice on support on mental and physical health concerns
  • FSB Cash Advance - access to fast, flexible funding with no hidden repayment fees.
  • £10k of built-in FSB Cyber Protection insurance to projected websites, databases and email systems
  • Debt management and late payment tools
  • FSB Funding Platform which makes seeking out available and relevant business funding easy o Health and Safety Advice and checklists
  • Insurance service
  • PR/Crisis helpline
  • Printable signage packs
  • Other useful guides and resources such as employee wellbeing, tips on how to work remotely,
  • Virtual Events programme open to all small businesses and the self-employed, including MP roundtables, workshops and networking
  • Localised direct support from Development Manager Jennifer Thomas; Jennifer.Thomas@fsb.org.uk
  • County and district level lobbying and representation
  • Membership starting from £147 per annum dependent on number of employees

Further General Advice

 

Late Payments

Office of Small Business Commissioner (SBC) Website

Email: enquiries@smallbusinesscommissioner.gov.uk

TEL: 0121 695 7770

Advice and Help on late payment issues for small business (under 50 staff)

Imports and Exports

Department for International Trade (DIT)  DIT East Midlands

TEL: 0345 052 4001 Email: covid19@trade.gov.uk

Website

DIT can advise on:

  • Smooth clearance of products with customs authorities
  • Intellectual property (IP) and other issues with business continuity
  • Export plans and exploring market opportunities
  • Finding new routes to markets  Dealing with agents and distributors
  • Finding alternative suppliers
  • Selling online and updating your digital (online) presence

Employment Advice

ACAS

Website

TEL: 0300 123 1100

  • Advice for employers and employees on workplace rights, rules and best practice
  • Specific advice in relation to covid-19 including:
  • Sick reporting and pay
  • Self-isolation
  • Work absence including caring for someone

Work and Pensions

Department for Work and Pensions

Website

  • In work not claiming benefits
  • application for universal credit
  • new style employment
  • Support allowance

HR Support

Make UK (formerly the Engineering Employers' Federation)

Register Here

  • Make UK are offering 1-hour free HR support from their employment lawyers to employers. Once signed-up, one of their legal team will send the company full details of how to use the hour – phone number etc.
  • Free Coronavirus recovery pack available to manufacturing business providing there is a follow up call with Make UK
  • Flexible furlough letter template available
  • One year's Make UK membership and one month's Covid-19 legal helpline. £250 for businesses with fewer than 50 employees, usual price £500. Business with 50-250 employees £750, usual price. £1000

 

Scale Up Businesses

Innovate UK 

Website

  • The support available focuses on innovative high-growth-potential, high-growth and scaling SMEs.
  • 5 days of Adviser time over a 6-12 month period
  • Up to an additional 3 days for those businesses demonstrating the highest growth potential
  • Example areas of support: managing cashflow, funding and finance, staff retention, removing costs from the business, building resilience, R&D and innovation capacity, reviewing business models, planning for growth, developing supply chains, building customer base and accessing new markets.

The Sustainable Innovation Fund: Round

Innovate UK

Website

  • Innovate UK, as part of UK Research and Innovation, is investing up to £26 million to fund single and collaborative research and development projects as part of The Sustainable Innovation Fund.
  • The aim of this competition is to help all sectors of the UK rebuild after the effects of COVID-19.
  • All projects must be led by a business. Proposals can only be from a single business.
  • This competition is round 2 of a potential 3.
  • Round 2 - De Minimis (this competition)
  • Round 3 - Temporary Framework (opening September 2020)

Bounce back’ plan for agriculture, food and drink industry

DIT and Defra

Website

  • New programme of physical and virtual events
  • These include an overseas virtual buyer trial, a ‘Smart Distance Selling Process’, and a package of ‘Ready to Trade’ Exporting Masterclass webinars.
  • Launch of Food & Drink SME E-commerce Accelerator Pilot
  • 50 Food and Drink Export Champions to stimulate aspiring exporters, while utilising International Trade Advisor specialist networks focused on agri-food

COVID-19 Community-led Organizations Recovery Scheme

The National Lottery Community Fund

Website

To help distribute funding quickly and efficiently, some of our COVID-19 response funding is being awarded through a carefully selected range of specialist partners. By using their collective expertise and networks, we can ensure vital support gets to even more communities. This funding is designed to support organisations that work with those communities which have been disproportionately impacted by COVID-19, as well as social enterprises and community businesses.

Partnerships

You will find more information about eligibility, how to apply, and further details, on each partnership’s web page.

If the partnerships above are not right for your organisation, please apply to the Coronavirus Community Support Fund, where your application will be considered for either Government or National Lottery funding.

 

Other Measures

 

Relaxing of Planning Regulations – Change of Use

Government

Agreeing that pubs and restaurants will have planning regulations relaxed so they can switch to provide takeaways or deliveries, without applying for change of use – will help the business and help those at home self-isolating



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