Coronavirus (Covid-19) Update from Alex Powell, BID Manager.
The new Kidderminster BID is keen to ensure that local businesses have up to date information throughout this challenging time. I will review any new developments and post them on this website as soon as possible. If you have any queries, please message via the Contact Form or you can email me direct: Alex@kidderminsterbid.co.uk
The Chancellor has announced a package of business support and all the latest information can be found on this website, dedicated to support businesses during the coming months:
It includes information on how to access
• Coronavirus Business Interruption Loan Scheme
• Business Rates Holiday for Retail, Hospitality and Leisure
• Coronavirus Job Retention Scheme
• Cash Grant for Retail, Hospitality and Leisure
• Self-employment Income Support Scheme
• Small Business Grant Funding
• Statutory Sick Pay Rebate
• Business Rates Holiday for Nurseries
• Support for Businesses Paying Tax
• VAT Deferral
• Covid-19 Corporate Financing Facility
• Deferral of Self-Assessment payment
Wyre Forest District Council
Small businesses in receipt of Small Business Rate Relief (SBBR) or Rural Rates Relief (RRR) can benefit from a £10,000 support grant from the government.
A further grant of up to £25,000 will be available for retail, hospitality and leisure businesses with a rateable value for business rates purposes of between £15,000 and £51,000.
Details of the government guidance can be found here: https://www.gov.uk/government/publications/coronavirus-covid-19-guidance-on-business-support-grant-funding
(published 24th March)
Wyre Forest District Council’s Revenues Team are contacting local businesses they believe are eligible for financial support via a government grant.
More information from the District Council can be found here:
Worcestershire County Council have developed ‘Here2Help’ in order to deliver a local coordinated response to Covid-19.
If you are aware of any businesses or organisations that are offering help and support services, please could you encourage them to register via the website so that a comprehensive list of what is available can be collated.
Federation of Small Businesses
This website is updated regularly and contains a range of information to support your businesses through this difficult time.
30th March 2020