As the situation in the UK evolves, it is recommended that you stay informed by reading the latest information from the following sources:
The Government introduced new measures on 23rd March 2020 requiring people to stay at home, except for very limited purposes, closing non-essential shops and community spaces and stopping all gatherings of more than two people in public.
The latest guidance on staying at home and away from others can be found here
Advice from the NHS can be found here
Coronavirus Job Retention Scheme
- Government will cover 80% of salaries of retained workers who aren’t working (up to £2,500 per employee) through the Coronavirus Job Retention Scheme
- The cost of wages will be backdated to 1st March and will be open before the end of April for at least 3 months (open to any employer in the country)
- Only for designated furloughed workers and information of employee must be submitted to HMRC
Business Rate Holiday
- Business rate holiday for all retail, hospitality, leisure sector businesses
- £10,000 grants for the smallest businesses eligible for Small Business Rates Relief
- £25,000 grants for the small retail, hospitality and leisure sector businesses (with a rateable value less than £51,000)
The Chancellor has announced a number of measures to support businesses, one of which is the award of business grants to eligible businesses with a rateable value of up to £51k. Trafford Council are currently writing to all eligible businesses. If you are not able to access your premises to receive the letter, full details can be found here.
Statutory Sick Pay
- Government will refund the cost of providing 14 days Statutory Sick Pay per employee (businesses with less than 250 employees)
- Time to Pay arrangements available through dedicated HMRC COVID-19 helpline: 0800 0159 559
- Waiver of late payment penalties (for businesses who can’t pay or have administrative difficulties contacting HMRC)
- Deferral of VAT payments for 3 months to 30th June for all businesses
- July Income Tax payment under self-assessment scheme delayed until January 2021
- Full Universal Credit at a rate equivalent to Statutory Sick Pay for the self-employed
Government Backed Loans
- £330billion of government-backed and guaranteed loans
Business Interruption Loans
- Loans of up to £5million (12 months interest free)
- Banks have committed to make £14billion available to UK businesses
Mortgage & Rent Support
- 3 month mortgage payment holiday
- 3 month cessation on repossessions
- Commercial tenants unable to pay will be protected from eviction
Visit the dedicated business support Government website for further information on each of these schemes.
Businesses Ordered to Close:
Government has ordered the following businesses to close:
- Non-essential shops
- Food and drink venues (for consumption on-site)
- Drinking establishments (bars, pubs and nightclubs)
- Entertainment venues (cinemas, theatres, concert halls and bingo halls)
- Museums and galleries
- Spas, beauty salons, wellness centres and massage parlours
- Casinos and betting shops
- All indoor leisure, sports facilities and gyms
- Hotels (for commercial use)
Further guidance on the businesses and premises required to close can be found here.
Other Sources of Support & Advice
The Arts Council England is making 20 million available to individuals working in the cultural sector, including artists, creative practitioners and freelancers.
Hospitality Action has launched a £250 grant for hospitality workers who are currently working in the industry.
Business Growth Hub has developed a range of resources and guidance to ensure businesses feel supported and are prepared to act quickly as the situation unfolds.
Pay It Forward Voucher Scheme has been launched by Greater Manchester hospitality leaders to help local restaurants and bars.
Please do not travel unless it is absolutely essential - stay at home.
Public transport should only be used for trips that are absolutely necessary for work, to get basic necessities, to care for others or for medical reasons.
Train, tram and bus have been reduced to maintain links for key workers. Check timetables before you travel.
Latest updates from TfGM
Altrincham BID remains open and committed to supporting our BID businesses.
Please do not hesitate to contact us for help and advice: firstname.lastname@example.org
We continue to be in close contact with officers at Trafford Council and TfGM, and will update BID businesses from official sources as advised.