As cases of coronavirus (COVID-19) increase across the UK, Prime Minister Boris Johnson has closed all shops selling non-essential goods, such as clothing and electronic stores, and tightened social interaction measures. Successful Sutton BID is continuing to monitor the developments and how they could affect our local and business community, including the impact the emergency legislation is likely to have on businesses. We are making representations at a national level and will continue to keep all levy payers and stakeholders updated. If you have any questions, or would like to share best practice, please email us.
People can now only leave their homes to:
- Shop for basic necessities, food or medicine, doing so as little as possible
- Carry out one form of exercise a day
- Provide care or to help a vulnerable person
- Address any medical need
- Travel to and from work, when absolutely necessary
Rishi Sunak, Chancellor of the Exchequer, has announced a number of specific measures to assist businesses, including:
- A Coronavirus Job Retention Scheme, paying 80% of employees’ salaries, up to £2,500 a month.
- Deferring VAT payments for three months
- Deferring income tax payments for the self-employed due in July 2020 to January 2021
- Statutory Sick Pay relief packages for SMEs if their employees are sick due to COVID-19
- A business rates holiday for retail, hospitality, leisure and nursery businesses in England for the 2020-2021 tax year
- A cash grant of up to £25,000 for retail, hospitality and leisure businesses with property with a rateable value between £15,000 and £51,000
- Small business grant funding of £10,000 for all business in receipt of small business rate relief or rural rate relief
- The Coronavirus Business Interruption Loan Scheme offering loans of up to £5million for SMEs through the British Business Bank
- A new lending facility from the Bank of England to help support liquidity among larger firms, helping them bridge coronavirus disruption to their cash flows through loans
- Support for all businesses and self-employed people in financial distress through HMRC’s Time To Pay service.
The government has issued further guidance on which businesses and premises should be closed under the increased measures to prevent the spread of coronavirus and save lives.
Takeaway and delivery services are able to remain open in line with the guidance issued by government on 20 March, and online retail is still open and encouraged, with postal and delivery services running as normal.
Employers who have employees in their offices or onsite should ensure they can follow Public Health England guidelines including, where possible, maintaining a two-metre distance from others and washing hands with soap and water often for at least 20 seconds (or using hand sanitiser gel if soap and water is not available).
Parks remain open, but only for individuals and households to exercise once a day. Communal spaces such as playgrounds and football pitches will be closed.
For a full list of closures and exceptions, please read this document.
Do you have a retail, hospitality or leisure business in Sutton?
LB Sutton has published information about the Business Rates holiday and the cash grant scheme announced by Government in light of the COVID-19 outbreak.
Businesses in the retail, hospitality and leisure sectors will not have to pay business rates for the 2020-21 financial year. Businesses that received the retail discount in the 2019-20 year will automatically be re-billed in early April 2020 with the 100% relief.
The Government is providing a cash grant of up to £25,000 per property, if your business is in the retail, hospitality or leisure sector.
You will receive, either:
Businesses with a rateable value of under £15,000 will receive a grant of £10,000.
Businesses with a rateable value of between £15,001 and £51,000 will receive a grant of £25,000.
For more information on eligibility see their website.
They will be contacting our customers who they believe are eligible to arrange the grant. This grant will be paid automatically into your bank account if they hold this information or they will request these details from you. If you want to provide your bank details now please do so by emailing email@example.com, quoting your business rates account number.
The latest Government guidance to businesses can be found here.
The latest Government announcements about business support can be found here.
There is also a dedicated Government Business Support page, which can be found here.
The latest Government information on Coronavirus can be found here, where you can also sign up for email updates for when any coronavirus information is changed on the GOV.UK website.
The Department of Health and Social Care’s Twitter feed also provides accurate information about Coronavirus.
For the latest TfL response to Coronavirus, visit this page.
The latest coronavirus information from Sutton Council can be found here.