Rochdale BID want to keep you updated with the latest news, information and advice during the coronavirus (COVID-19) pandemic. Please check our website daily for more updates for businesses and website individuals.
The Coronavirus Job Retention Scheme is now open for applications.
Employers can now go online to claim cash grants worth up to 80% of wages, capped at £2,500 a month per worker. 5000 HMRC staff will operate the scheme, which is expected to help thousands of firms across the UK. All of the details can be found here: https://bit.ly/2zdheFn
Please note the following key guidelines:
- To receive payment by 30 April you will need to complete an application by 22 April. This is because it will take six working days for the claim to be processed, issued and received.
- Decide whether you want to make your own claim or if you want your agent to act on your behalf - if you have an agent that has authorisation to act for you on PAYE matters, they can make a claim for CJRS on your behalf.
- Only call HMRC if you can't find what you need on gov.uk. All applications will be processed online. After a claim has been submitted it will take six working days for it to be paid – please do not chase up payment during this time.
- Employees should speak to their employers with any questions, not HMRC. We won’t be able to answer queries from individual employees.
Furthermore, a new tool has now been launched to help you find coronavirus financial support for your business. You may be eligible for loans, tax relief and cash grants; this support finder will help you to see what support is available for you and your business: https://bit.ly/3cv0yHR
New Billion pound support package for innovative firms
The Chancellor of the Exchequer has today announced a new Billion pound support package for innovative firms hit by Coronavirus. The package includes a £500 million investment fund for high-growth companies impacted by the crisis, made up of funding from the government and the private sector. SMEs focusing on research and development will also benefit from £750 million of grants and loans. More details can be found here: https://bit.ly/3cxPyJL
Useful Links
UK Government – Coronavirus: latest information and advice
UK Government - COVID-19: guidance for employers and businesses
UK Government – Coronavirus business support
National Health Service - Coronavirus (COVID-19)
Acas – Coronavirus advice for employers and employees
World Health Organization – Getting your workplace ready for COVID-19
If you have any queries regarding the support which his currently being offered, please don’t hesitate to contact me on 07811 278517.
Paul Ambrose
BID Manager
20 Apr 2020