Information and support for businesses during COVID-19
Information and support for businesses during COVID-19
In this special edition of the Council’s business e-bulletin, read about the application process for the Local Restrictions Support Grant (Closed) and a Bromley Business survey to help gauge what support businesses need in the future. We would encourage you to complete this survey which should take no more than 5 minutes of your time. Additionally, you’ll find information about a range of local business groups and events ready to support your business.
The information in this e-bulletin is accurate on 16 November 2020.
Stay informed at www.bromley.gov.uk/Covid-19BusinessSupport
Applications for Local Restrictions Support Grant (Closed) is now live
The Local Restrictions Support Grant (LRSG)(Closed) Addendum is a grant to support businesses through this period of National lockdown.
To be eligible to claim LRSG (Closed) Addendum your business must:
- Be liable to pay business rates for the premises occupied
- Have been told by the government that they must close from 5 November
- Not be in administration, insolvent or subject to a striking off notice
- Be trading the day before restrictions came into force
- You do not exceed the State Aid threshold of €800,000 (over a 3 year period)
Grants will be based on the rateable value of the property as at the 5 November 2020 and will be paid for the period 5 November to 2 December 2020.
If your business is eligible and has a property with a rateable value of -
- £15,000 or less, you will receive a one-off cash grant of £1,334
- Over £15,000 but less than £51,000, you will receive a one-off cash grant of £2,000
- £51,000 and above, you will receive a one-off cash grant of £3,000
For more information and to apply online visit Local restrictions support grant.
Additional Restrictions Grant (ARG)
The Government have announced an Additional Restrictions Grant scheme to support businesses over the next 18 months. This will be a discretionary grant scheme and as such we will be engaging with businesses in the borough on how this grant scheme may be beneficial to businesses.
We have developed an online survey that we would encourage you to complete.
The responses to this survey will enable the Council to understand what Government support has been beneficial to date, what issues are still affecting businesses and what support businesses require in the coming months.
We will also be holding a number of online round table events with our business partners and business representatives to gauge the best way to give ongoing support to our local businesses.
Complete the survey here.
Other sources of funding
London Community Response Fund
London Funders have launched a new round of grant funding directed at Community Groups and Charities. Grants of up to £10,000 are available in this wave, which are expected to meet the needs you are responding to for up to six months. Visit here for more information and guidance documents. Applications close at 5pm on Thursday 3 December 2020.
COVID-19 Recovery Grants – London Business Hub
Applications for business working in the Wider Economy will open for a 24hr period at 10am on the 17th November. A random ballot system will be used to select successful applicants and the grant must be used for COVID recovery plans. For guidance and further information visit here.
Local Business Events
London Growth Hub COVID-19 Business Help Series
The London Growth Hub continues to offer a range of FREE Webinars designed to guide London’s small businesses as they navigate the challenges of COVID-19.
Next webinar : Thursday 19 November 9.30am – 4.30pm – Business Transformation in Challenging Times
Investment Readiness Programme
If you’re a young company just getting set up or one that’s been in business for a short time but has yet to make any commercial sales, and you’re looking to find investment – this free programme is for you. For more information on this programme and your suitability, please visit London Business Hub.
HMRC’s Live Webinar Series
Register for the free webinars to learn more about the support available to help deal with the economic impact of Coronavirus. Live webinars include information on making a claim under CJRS, the Job Retention Bonus and help with the Self Employment Income Support Scheme.
Register here.
Orpington Virtual Business Forum | Every Tuesday | 10:00am
Orpington 1st BID’s weekly webinars will discuss a variety of business support measures and includes a panel answering questions. For more info and to register click here
Beckenham Business Association | Every Tuesday | 10:00am
Beckenham Business Association is holding weekly virtual meetings supporting all businesses: more here.
1230 TWC | Every Wednesday | 12:30pm
Currently 1230 TWC is holding weekly virtual meetings with supportive informative speakers. Everyone gets an opportunity to introduce themselves and there’s an opportunity for brainstorming too.
A list of local networking groups can also be found on our website
https://www.bromley.gov.uk/directory/16/business_-_local_networking_groups
Bromley Business Support Team
Town Centre Management & Business Support,
London Borough Bromley B42a St Blaise, Civic Centre, Stockwell Close, Bromley BR1 3UH
Email: business@bromley.gov.uk
Disclaimer: Please note the editor has made every effort to ensure the accuracy of the contents of this e-bulletin, but we cannot always verify the authenticity of information that we receive from other organisations or individuals contained in the notices that we circulate within the Bromley Business e-bulletin. Readers should therefore independently satisfy themselves as to the accuracy of any information set out in such notices, as the London Borough Bromley will not accept any liability for inaccuracies contained in the information provided.