Information for Business – Update as at 27 April 2020

Update as at 27 April 2020.

Saffron Walden Business Improvement District Ltd is not able to offer advice on any of the issues listed below. What we are trying to do is “sign post” information in an environment which is changing very quickly.  If you need specific advice you should contact your own professional advisors (e.g. accountant).

Given the introduction of the “Business Support Finder Tool” (see below), from now we will only post updated information.  As ever the Government outline the range of support information on https://www.businesssupport.gov.uk/coronavirus-business-support/

Specifics:

  1. Business Support Finder Tool

Launched this week by Government, this looks very good.  Answering a few simple questions gives a tailored list of financial support.

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

  1. Protection from Eviction

The Government introduced new protections for tenants who are under pressure from their landlords.

https://www.gov.uk/government/news/new-measures-to-protect-uk-high-street-from-aggressive-rent-collection-and-closure?utm_source=5dc5fb4c-2e93-416a-93fe-10d8e923b3ba&utm_medium=email&utm_campaign=govuk-notifications&utm_content=immediate

We did circulate a “sign post” for a few weeks back.  It can be found here: : Read here.

  1. Cash grants
    UDC have produced a weekly briefing note which is posted here: Read here.UDC note there are 300 eligible business who have not yet applied for grants.  If you have not yet applied then UDC urge you to do so.  Apply online at https://www.uttlesford.gov.uk/covid19-business-grants-fund
  2. Bounce Back Loans schemeThe new Bounce Back Loans scheme, announced by the Chancellor today, will allow businesses to borrow between £2,000 and £50,000 and access the cash within days. Loans will be interest free for the first 12 months, and from Monday 4 May, businesses can apply online through a short and simple form

If you have not applied yet and need some help, please contact us  saffronwaldenbid@gmail.com