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Norwich BID Covid-19 Update: April

 

Norwich BID COVID-19 update

 

APRIL 2020
Please find below some useful updates for your business planning and a summary of the support available. If you have any queries, please get in touch via email office@norwichbid.co.uk

 

New £10M Business Resilience and Recovery Scheme for Norfolk and Suffolk businesses

A new Business Resilience and Recovery Scheme has been launched today (27 April) to support Norfolk and Suffolk’s businesses through the COVID-19 pandemic and into economic recovery.

The new funding scheme will provide grants to support short-term business resilience projects and longer-term recovery and diversification projects. This scheme is part of a package of measures totalling over £10m in place from New Anglia LEP to support businesses and economic growth. Typical projects that could be supported include:

  • Support for the manufacture of products to tackle the Coronavirus outbreak
  • Support for Coronavirus related research and development
  • Development of new technology or innovation and productivity improvements
  • Short term manufacturing diversification, for example, to support production of PPE
  • Longer term development for future recovery and diversification
  • Identification and mobilisation into new markets.

Full details can be found on the New Anglia LEP website here.

 

Have you accessed Covid-19 Business Support from
Norwich City Council?



As of 19 April 2020, Norwich City Council had paid out £19,805,000 of business grant payments made to 1,094 hereditaments. Their grant fund allocation of £32,062,000 relates to 2,872 hereditaments that the local authority has identified may be in scope to receive a grant.

Don't miss out on a grant you may be eligible for. If you have yet to make a claim, visit their application portal here.

Additional business advice can be found here.

New measures to protect UK high street from aggressive rent collection and closure


High street shops and other companies under strain will be protected from aggressive rent collection and asked to pay what they can during the coronavirus pandemic.

  • UK Government have introduced temporary new measures to safeguard the UK high street against aggressive debt recovery actions during the coronavirus pandemic

  • Statutory demands and winding up petitions issued to commercial tenants to be temporarily voided and changes to be made to the use of Commercial Rent Arrears Recovery, building on measures already introduced in the Coronavirus Act

  • Landlords and investors asked to work collaboratively with high street businesses unable to pay their bills during COVID-19 pandemic

Find out more here.

 

We're calling on Government to #RaiseTheBar

Norwich BID is supporting the national #RaiseTheBar campaign to call on the Government to raise the £25,000 grant rateable value threshold from £51,000 to £150,000. This will greatly help the retail, hospitality and leisure sectors survive COVID-19.

Find out more here.

 

Crime Prevention Advice for empty commercial properties

The Metropolitan Police has compiled advice for those of you with empty commercial premises - read more here.

Check-in with your favourite local businesses and make sure they don’t miss out on grants available to them – that’s the message behind today’s Big Small Business Check-In.

The initiative, supported by New Anglia Local Enterprise Partnership, encourages everyone to check in with local small businesses, through their websites and social media accounts. It’s an opportunity to check that owners and staff are safe and well, to show loyalty and to make sure that the business is getting the support it needs.

Read about it here.