Business News and Advice
Business News and Advice

Over the past month, I have been contacted by many businesses based in Brent, both small, medium and large, who are facing real hardship in the face of the COVID-19 pandemic. Unfortunately, many are falling through cracks exposed in the Government schemes or are struggling to access the Business Interruption Loans, Business Rates Relief or support grants.

I continue to work closely with Brent Council to ensure that businesses in Brent have the support and advice they need whilst also lobbying the Government to make changes to current policies to ensure that no business, no matter its size, is forced to close permanently due to the crisis.

So please let me know below the main challenges that you are facing as a local business and I will compile this information and lobby the Government for changes on your behalf:

Business Contact Form

Below I have included advice and support available for businesses both in Brent and nationally:

Business in Brent

If you are a business in Brent please take a look at the Brent Business Grant website. Applications for grant’s for businesses are now open:

https://www.brent.gov.uk/businessgrants

We understand that there are many different communities in Brent and we want to work with as many of you as possible, so if you’re a local community group and think you can help, please contact 020 8937 1234 or email info@cvsbrent.org.uk.

West London Business Coronavirus Helpline

West London Business have launched a dedicated webpage and helpline to help businesses affected by the pandemic 020 8607 2500

https://coronavirus.westlondon.com

Brent Business Impact Survey

The purpose of this survey is to understand how Brent businesses are coping at this difficult time and to help us gauge the issues that are arising. Please do fill in the form if you have the chance to:

https://consultation.brent.gov.uk/chief-executive-department/b947b97c/

Business in General

If you have a business that has been affected by the Coronavirus pandemic please visit this website where it includes details regarding the Job Retention Scheme, Business Interruption Loan Scheme and much more.

https://www.businesssupport.gov.uk/coronavirus-business-support/

Bounce Back Loan Scheme

The Bounce Back Loan scheme will help small and medium-sized businesses to borrow between £2,000 and £50,000. The government will guarantee 100% of the loan and there won’t be any fees or interest to pay for the first 12 months.

Loan terms will be up to 6 years and applications will open on 4 May 2020.

https://www.gov.uk/guidance/apply-for-a-coronavirus-bounce-back-loan

Statutory Sick Pay Scheme

If you’re an employer, find out if you can use the Coronavirus Statutory Sick Pay Rebate Scheme to claim back employees’ coronavirus-related Statutory Sick Pay (SSP).

https://www.gov.uk/guidance/claim-back-statutory-sick-pay-paid-to-employees-due-to-coronavirus-covid-19

Furlough Scheme

The Government scheme is now live and you can now apply to claim for 80% of your employee’s wages plus any employer National Insurance and pension contributions, if you have put them on furlough because of coronavirus:

https://www.gov.uk/guidance/claim-for-wages-through-the-coronavirus-job-retention-scheme

ACAS – information for advice for employers and employees: https://www.acas.org.uk/coronavirus

Finance UK

They have provided businesses and consumers with up to date details of the support available on the website below, whether in the form of business loans or assistance with mortgage payments, and where to go for advice. 

https://www.ukfinance.org.uk/covid-19  

 

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