Chancellor announces additional support to protect businesses

The government yesterday announced further support for businesses in response to the coronavirus. The government have said they will do whatever it takes to support the UK economy. New measures include:

  • £330bn of government-backed and guaranteed loans
  • No business rates payable for 12 months extended to retail, leisure and hospitality businesses of all sizes
  • Cash grants for up to £25,000 for smaller retail, leisure and hospitality businesses with rateable values below £51k who do not have insurance to cover pandemics
  • Cash grants of £10,000 for the 700,000 businesses who do not pay business rates
  • A mortgage holiday of 3 months for people struggling to make mortgage payments as a result of Coronavirus.
  • Government have also granted permission for pubs and restaurants to operate as takeaways as part of their coronavirus response (see here)

Click here to view the full statement on additional support.

We will keep members updated by email when there is more information regarding how to access this support.

Government Business Support Helpline
Telephone: 0300 456 3565
Monday to Friday, 9am to 6pm
https://www.gov.uk/business-support-helpline

Shrewsbury Business Facebook Groups

We have setup three Facebook groups for Shrewsbury businesses to share information, challenges and ideas in response to the COVID-19 pandemic.

Anyone working for a business in Shrewsbury is invited to join and contribute the groups which have been setup by sector.

Click the links below to join and let us know if there are other groups that you think it would be useful to setup.  If you don’t have a Facebook account, you can easily create one here.

COVID-19: Shrewsbury Retailers Group
COVID-19: Shrewsbury Hospitality & Leisure Group
COVID-19: Shrewsbury Office & Professional Services Group

Shrewsbury Business Impact Survey

During these difficult times, part of Shrewsbury BID’s work will be to gather information from businesses regarding performance and the issues you are facing.  We will use this data with our partners to lobby and make requests to local and central government.

We would ask all Shrewsbury businesses to complete this short survey on the impact of coronavirus and the support you need.

Click here to complete the Business Impact Survey

Please forward this email to any further businesses that this information may be relevant to.