Business Views for Borough’s Recovery Plan Needed
Following an initial business survey earlier in June, the Council is now seeking insights from every businesses across the Borough, to better understand the needs of the business community in terms of commercial recovery from the COVID-19 pandemic.
Businesses from the high street, retail, office and industrial parks; market traders, to the self-employed and home workers all have the opportunity to shape the Council’s approach to economy recovery, by interacting with this Borough wide consultation.
This survey will remain open until at least 31st July 2020, but may be extended in order to obtain the largest and most valuable dataset, that proportionally represents the entire Broxtowe economy.
Businesses are also urged to share the link www.broxtowe.gov.uk/BusinessRecovery
to ensure the entire business community’s voice is heard.
Local Discretionary Business Grants Fund (LDBGF)
The Local Discretionary Business Grant Fund is extended until 13th July 2020 for applications.
If your business has already received a grant from the Council between £10k-£25k, through either the Small Business Grant Fund (SBGF) or the Retail, Leisure and Hospitality Grant Fund (RLHGF) – you are NOT eligible to apply to this fund.
Please check your eligibility in FULL, before completing an application in further detail. Please do not make speculative applications, if you are not eligible. This delays the Council in providing vital support to those businesses that should apply.
Full fund eligibility is listed at the start of the online application form (linked below).
Changes to the fund
Businesses are alerted to changes in criteria for the Local Discretionary fund, which now permits a wider catchment of businesses that can now apply, including:
• Businesses in the Retail, hospitality and Leisure sector receiving a discount under the business rates Expanded Retail Discount Scheme and with a rateable value below £100,000, subject to state aid rules.
• Where the application is made from a self-employed earner working from home and they are unable to claim the self-employed Income Support Scheme, the award will be based on potential income loss as a result of Covid-19 up to a maximum of £5,000.
New Finance and Accounting Clinic
A new Finance and Accounting Clinic run by Jo Moran of Rogers Spencer Accountants is available to businesses via online appointments.
With multiple dates available, slots can secured on the third Tuesday morning of the month between 9-11am and offers FREE 1:1 advice on tax, payroll and bookkeeping.
The event is delivered by the Business and IP Centre Nottingham.
Further Businesses Now Open Around Broxtowe
Many businesses from the Hospitality sector, as well as hair salons and barbers were permitted to reopen by Government from 4th July, providing they are COVID-19 Secure.
Helping businesses remain COVID-19 Secure
Businesses can click ‘More info’ below to access the latest guidance packs, which include tailored information on how they must operate COVID-19 securely and a signage template, which must be displayed.
Some businesses remain closed
• Nail bars and beauty salons,
• Massage, tattoo and piercing parlours,
• Night clubs,
• Bowling alleys,
• Indoor soft play areas,
• Swimming pools, indoor gyms and fitness centres
• Exhibition and conference centres,
Must all remain closed until further notice. This is not an exhaustive list of those that must remain closed.
Stapleford Town Deal – Masterplan Consultation
In September 2019, it was announced that Stapleford had been chosen as one of 100 towns selected to receive a share of £3.6 billion, to regenerate towns across the UK.
As part of the Towns Fund announcement, the Government has tasked Stapleford to come up with a number of ambitious projects which will inform a Town Investment Plan (TIP). The Government has promised up to £25m to invest in delivering these regeneration projects.
This is where you come in!
Have your say
In response to your suggestions from our first consultation, we have put together a set of strategies for Stapleford. This has taken the form of a Masterplan.
This is your opportunity to review the Masterplan and let us know what you think.
You can now feedback via the survey on the Council’s dedicated Stapleford Town Deal web page. The web page is constantly updated with information on the how Stapleford’s Town Deal is progressing.
The survey will remain open until Friday 17th July.
Further Financial Support to Businesses
A full range of business support measures have been made available to UK businesses and employees.
Click the links below to find out more about scheme, or ‘More info’ for an overview of all support available.
- Local Discretionary Business Grants Fund (LDBGF)
- Cash Grant for Retail, Hospitality and Leisure
- Small Business Grant Funding
- Coronavirus Job Retention Scheme (It is no longer possible to include any workers to this scheme for the first time). All workers must have been furloughed for at least three weeks previously, by the 10th June deadline.
- Statutory Sick Pay Rebate
- Coronavirus Business Interruption Loan Scheme
- Coronavirus Bounce Back Loan
- Covid-19 Corporate Financing Facility
- Self-employment Income Support Scheme
- Income Tax Deferral for the Self-Employed
- Deferral of Self-Assessment payment
- Business Rates Holiday for Retail, Hospitality and Leisure(you do not need to take any action, this is applied automatically by the Council for those eligible)
- Business Rates Holiday for Nurseries
- Time to Pay Arrangement (TTP)
The Council is sharing regular updates about affected Council services at https://www.broxtowe.gov.uk/coronavirus
You can also get updates on our social media accounts.