An update on COVID-19, events and business support

Black Country Growth Hub events postponed until further notice.

Due to the current situation concerning Coronavirus, we feel it is best that we postpone our upcoming events such as BCGH On Tour scheduled to take place from the 25th March and our NatWest Business Builder Workshop scheduled for the 7th April.

We hope to announce a new set of dates soon but in the meantime, please do get in touch if you have any questions or issues surrounding business support. We cannot currently accept any business surgery appointments at our Wolverhampton office but our team are very much available on 0300 770 2245 or at enquiries@bcgrowthhub.com

 

Attending events in the Black Country.

Please keep in mind that many of the events on our shared online calendar are not organised by our team, we act as a signposting service for our partners and help to promote a variety of different events to local businesses. If you are planning to attend an upcoming event, we advise you to contact the event organiser to confirm it is still going ahead before travelling.

Please note: one of our partners, the Black Country Chamber of Commerce have suspended their events programme until further notice.

 

Business Support in relation to the COVID-19 outbreak.

If your business is being affected by COVID-19, please get in touch to find out how we can support you – we can provide information directly from Government representatives.

The Chancellor recently announced a package of measures to help support public services, individuals and businesses in order to minimalize the impact of the Coronavirus outbreak.

‘A new Coronavirus Business Interruption Loan Scheme, delivered by the British Business Bank, will enable businesses with a turnover of no more than £41 million to apply for a loan of up to £1.2 million, with the government covering up to 80% of any losses with no fees. This will unlock up to £1 billion pounds to protect and support small businesses.

For businesses with fewer than 250 employees, the cost of providing 14 days of statutory sick pay per employee will be refunded by the government in full. This will provide 2 million businesses with up to £2 billion to cover the costs of large-scale sick leave.

A dedicated helpline has been set up to help businesses and self-employed individuals in financial distress and with outstanding tax liabilities receive support with their tax affairs. Through this, businesses may be able to agree a bespoke Time to Pay arrangement. If you are concerned about being able to pay your tax due to COVID-19, call HMRC’s dedicated helpline on 0800 0159 559.

There will be a £3,000 cash grant to 700,000 of our smallest businesses, delivered by Local Authorities, and worth a total of £2 billion.

Finally, the government is temporarily increasing the business rates retail discount in England to 100% for 2020-21 for properties below £51,000 rateable value. Nearly half of all business properties will not pay a penny of business rates.

In addition, the decisions announced by the Bank of England on 11 March 2020 mean that banks are in a better position to provide additional credit to smaller businesses.’

Information taken from GOVUK - updated 17th March 2020

 

Concerned? Get in touch!

If you are facing new challenges due to the current situation, please make sure you contact our dedicated business support team who can help you.

If you feel any of the options mentioned above would help your business, please contact us and we will make a note of your information. We are currently compiling contact details of possibly eligible businesses so that we can get in touch once we have more information.

Call us on 0300 770 2245 or email us at enquiries@bcgrowthhub.com