CEO of Staffordshire Chambers of Commerce, Sara Williams, is writing regularly about the impact of the coronavirus on businesses and what support is available.
At this time of crisis, the accredited chambers across the country are working hard to lobby the government with the aim of getting the best support possible for businesses while we deal with the coronavirus outbreak.
Over the past couple of days, there’s been a lot of news that will have an impact for businesses – some good, some bad – and the British Chambers of Commerce, learning from what our members are saying, have been influencing government to try and get better help and FASTER!
Amongst the help is the Business Interruption Loan Scheme, which the government is offering to support primarily small and medium-sized businesses to access bank lending, asset finance support and overdrafts, and will be up to £250,000 with a six month interest free period. It is meant to be easy for you to get – contact your bank to get it set up.
We’re aware, however, that banks themselves are suffering, as all businesses are, with staffing. We’ve been asked by UK Finance and the British Chambers of Commerce to notify them of any banks that are taking too long to provide this service. So if you find it difficult, please let me know on email@example.com.
A current campaign is to persuade the government for VAT and PAYE suspension in advance of the next tax point and that the business rates rebate can be extended – this is what you have been asking for and we are asking government. The announcement on wages support should be made today – something else we have asked for as a result of your requests.
Staffordshire Chambers of Commerce is here to support you. We’re a business ourselves, so we understand how challenging this unprecedented time is. Our expert advisors, which include Matt Hustwit providing financial guidance, and Joe Gill answering your HR queries, are here help. Together, we will get through this.