The issues facing the high street were already causing many problems before the impact of COVID-19 and the lockdown. But we now face the deep scars to our retail sector and Britain’s high streets as we come out of the initial lockdown and we are going to have to be even more creative and innovative […]
All posts by Forum of Private Business
The Good Work Plan 2020
Author: 6th May 2020Significant employment law reforms took place on 6 April 2020, which will have a huge impact for many SME’s under the Good Work Plan 2020. Contracts of Employment Post 6th of April 2020 all new starter employees have a day one right to a contract of employment. Previously you had 8 weeks to provide a […]
Local Authority Discretionary Grant fund
Author: 4th May 2020Local authorities have been provided with additional funding for small businesses who have not been eligible for the current grant schemes. Eligibility criteria will be set for the funding but local authorities need to use their local knowledge and discretion to determine which businesses should have access to this money. The government are asking for […]
Bounce Back loans – applications open
Author:Applications are now open for a Bounce Back loan This scheme will help small and medium-sized businesses affected by coronavirus (COVID-19) to apply for loans of up to £50,000. – Borrow between £2,000 and £50,000 – Easy 7 questions online form to complete – Interest-free first year – Repay over 6 years, 2.5% interest rate, […]
Furlough – information for employers
Author: 28th April 2020What is Furlough? The Government have introduced a job retention scheme. This will enable businesses to recover 80% of wage costs for employees on ‘furlough leave’. Furlough leave is a new class of indefinite leave for employees and the government will reimburse the employer for wage costs. For more information please read our furlough fact […]
Business support finder tool
Author: 22nd April 2020The government have created a new ‘support finder’ which will help businesses and self-employed find out what financial support is available to you during the coronavirus pandemic. It will take under 1 minute to complete and will signpost you to the relevant loans, grants or other schemes you could be eligible for. The department for […]
Coronavirus Business Interruption Loan Scheme (CBILS) Updated 22/04
Author:The Coronavirus Business Interruption Loan Scheme is open for applications. It supports a wide range of business finance products, including term loans, overdrafts, invoice finance and asset finance facilities and can provide facilities of up to £5m for smaller businesses across the UK who are experiencing lost or deferred revenues, leading to disruptions to their […]
#NoPubNoRent
Author: 20th April 2020It’s now 5 weeks since the government forced the closure of Britain’s pubs. In that time many family brewers who are the pubs’ landlords have done the right thing and cancelled rent. Unfortunately, some of the bigger pub operating companies have not followed suit and as a result, their tenants are running up debts while […]