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Follow NWEDR | Connect With North Worcs EDR | Visit NWEDR
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COVID-19 UPDATE
Business Bulletin
A range of business support measures have been made available to UK businesses and employees. To see the latest updates on Government support, visit their dedicated Coronavirus Business Support Hub.
Visit the NWedR website to sign up for the latest updates for North Worcestershire businesses during the Covid-19 pandemic.
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£27m paid out to North Worcestershire Businesses
Over twenty seven million pounds in grant funding has been paid to help support North Worcestershire businesses during the Coronavirus outbreak, with more currently being processed.
See more information relating to business support for Wyre Forest, Bromsgrove and Redditch businesses.
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Update from GBSLEP
See the latest Coronavirus advice and information from The Growth Hub at Greater Birmingham & Solihull Local Enterprise Partnership (GBSLEP)
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Self employed income support
The Government has announced new measures to support the self employed. The Self-employment Income Support Scheme (SEISS) will support self-employed individuals (including members of partnerships) who have lost income due to COVID-19.
This scheme will allow you to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 per month for the next 3 months. This may be extended if needed.
Please note that you cannot apply for this scheme yet. HMRC will contact you if you are eligible for the scheme and invite you to apply online.
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£750m package announced for charities
Chancellor Rishi Sunak has announced a £750m package to keep struggling charities afloat during the Coronavirus pandemic.
The move follows concern that some charities are facing collapse, with income shrinking because of enforced shop closures.
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Summary of current support measures for businesses and employees
The West Midlands Combined Authority has produced a summary document for businesses outlining the support they are able to offer, and how to access it.
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Business Interruption Loan Scheme
The UK Government has extended the CBILS so that all viable small businesses affected by COVID-19, and not just those unable to secure regular commercial financing, will now be eligible, should they need finance to keep operating during this difficult time. The Government is also stopping lenders from requesting personal guarantees for loans under £250k and making operational changes to speed up lending approvals. The government will continue to cover the first twelve months of interest and fees.
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Financial support for large businesses
The new CBILS will ensure that more firms are able to benefit from UK government-backed support. It will provide a UK government guarantee of 80% to enable banks to make loans of up to £25m to firms with an annual turnover of between £45m and £500m. Loans backed by a guarantee under CLBILS will be offered at commercial rates of interest and further details of the scheme will be announced later this month.
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Here2Help
If you are available to volunteer and help local people in need, or if you are self isolating and need help, now is the time to take action. Find out about the Here2Help campaign from Worcestershire County Council encouraging our communities to come together to tackle Coronavirus.
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Tell us how your business has been affected
The Coronavirus outbreak presents a significant challenge to businesses around the globe and across the county of Worcestershire. Worcestershire Business Central, the local business support Growth Hub, is on hand to support your business through these challenging times. Please take a moment to complete a brief survey on how you have been affected and the team will make every effort to help where it can.
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Business opportunities
The Government is looking for businesses that can help with the response to COVID-19. If you can provide any of the items listed below, take action now!
- medical testing equipment
- medical equipment design
- protective equipment for healthcare workers, such as masks, gowns and sanitiser
- hotel rooms
- transport and logistics, for moving goods or people
- manufacturing equipment
- warehouse or office space, for medical use or storage
- expertise or support on IT, manufacturing, construction, project management, procurement, engineering or communications
- social care or childcare
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Next steps for 16 - 24 year olds
Do you know any 16 – 24 year olds that have not yet secured a place in education, training or apprenticeship for this September? Worcestershire County Council, Worcestershire Local Enterprise Partnership and partners have set up a dedicated service where people can get impartial advice and information. Contact 0300 666 3666 or email careersworcs@worcestershire.gov.uk or visit the skills4worcestershire website.
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Rural response emergency grants programme
The Prince’s Countryside Fund is inviting applications for emergency funding from farming and rural community support groups who are providing assistance to counter the effects of isolation during the Coronavirus pandemic.
Thanks to players of People’s Postcode Lottery, groups can apply for grant funding of up to £2,500 if they are providing emergency relief to vulnerable or isolated individuals, if they are providing support to farmers and farm businesses affected by the Coronavirus pandemic, or if they are helping rural or farming communities to cope with the Coronavirus pandemic.
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Your NHS needs you!
NHS Volunteer Responders has been set up to support the NHS during the COVID-19 outbreak. To do this we need an 'army' of volunteers who can support the 1.5m people in England who are at most risk from the virus to stay well. Our doctors, nurses and other professionals will be able to refer people in to NHS Volunteer Responders and be confident that they have been matched with a reliable, named volunteer.
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