Coronavirus

Purley BID Coronavirus update

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Grants being rolled out

As far as we can see the process is the following.

  • Either communication from council or confirmation form completed  (from 28th March when first notifications went out and businesses responding immediately)
  • Applications reviewed By council
  • Submitted to Government for approval ( up to 10 day process)
  • Decision made government and council informed
  • Council informs Business
  • Payment 3-5 working days

Total of up to 15 working day

This means that for those who applied and returned the forms immediately should be getting the funds in the bank this week.

This is obviously an oversubscribed service and the council have significantly increased the team to cope.

But to keep informed you can speak direct to the council. first and better option is through email economicdevelopment@croydon.gov.uk to a constantly monitored email box second is by calling them direct 020 8726 7000, option 4

When the BID speaks to the council we will obviously be drawing to their attention our members who have not received their funds yet.

Prepare for Furlough

You’ll need to provide the following to make a claim:

  • The bank account number and sort code you’d like us to use when we pay your claim.
  • The name and phone number of the person in your business for us to call with any questions.
  • Your Self-Assessment UTR (Unique Tax Reference), Company UTR or CRN (Company Registration Number).
  • The name, employee number and National Insurance number for each of your furloughed employees.
  • The total amount being claimed for all employees and the total furlough period.

https://content.govdelivery.com/accounts/UKHMRCED/bulletins/285ab1c

Coronavirus Business Interruption Loan Scheme (CBILS)

Coronavirus Business Interruption Loan Scheme (CBILS)
  • Up to £5m over 6 years
  • Borrower is still 100% liable
  • Government pays interest and fees for first 12 month
  • Insufficient security is no longer a condition to access the scheme.
  • There are no guarantee fees for SMEs. Lenders pay a fee to access the scheme.

Other

Purley BID

  • Website
  • https://purleybid.co.uk/coronavirus/
  • Facebook /Twitter

Croydon council

Coronavirus information

https://www.croydon.gov.uk/healthsocial/phealth/coronavirus-information/business-support-and-advice

Enquiry form

https://www.croydon.gov.uk/business/support/business-enquiry-form

Rates support and grants

https://www.croydon.gov.uk/business/businessrates/covid-19-coronavirus-business-rates-support-for-businesses

Contact the council direct

croynndr@croydon.gov.uk

economicdevelopment@croydon.gov.uk

020 8726 7000, option 4

HMRC

  • Self employed income support

https://www.businesssupport.gov.uk/self-employment-income-support-scheme/

·         Business Support

https://www.businesssupport.gov.uk/coronavirus-business-support/

·         Getting ready for the Coronavirus Job Retention Scheme

https://content.govdelivery.com/accounts/UKHMRCED/bulletins/285ab1c

Government

Business support

https://www.gov.uk/coronavirus/business-support

Guidance to employers

https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/guidance-for-employers-and-businesses-on-coronavirus-covid-19

Guidance for employees

https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-guidance-for-employees

Advice on working practices

https://www.gov.uk/guidance/social-distancing-in-the-workplace-during-coronavirus-covid-19-sector-guidance#construction

Self employed income support scheme

https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme

Growth Hub

https://www.growthhub.london/

London Chamber

https://www.londonchamber.co.uk/

https://www.londonchamber.co.uk/events/covid-19-webinar-series/

Federation of Small Business

https://www.fsb.org.uk/campaign/covid19.html