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InStreatham

Energy Consumption and cost support

March 17, 2023 By InStreatham

Go Gas and Power works to help businesses find the best energy supplier for their needs. Our expert partners can support you in negotiating with suppliers.

As one of the UK’s fastest growing Utilities Consultancies, the dynamic team have more than 30 years combined experience in the Energy sector. They have joined forces directly with the UK’s Leading Energy Suppliers to negotiate the most appropriate products for your business.

See how they can help

Filed Under: News, Projects

Spring Budget 2023

March 16, 2023 By InStreatham

The Chancellor delivered his Spring Budget yesterday, 15 March. We have summarised some key points affecting business:

The effect of the Spring 2023 budget on small businesses: 

Taxation and reliefs

  • 25% corporation tax will only apply to businesses with profits above £250’000. Small companies with profits of £50’000 or less will continue paying 19%. For those businesses in between, they will pay a ‘marginal relief rate’. The HMRC has provided a rates calculator here for those wanting to know how much they’ll be paying. 70% of companies will still be paying the 19% rate. 
  • The Government will increase Draught Relief from 1 August 2023 to freeze the duty charged on a typical pint of beer in the pub and ensure this will always be lower than in the supermarket.

Business rates:

There are no cuts in business rates – they are set to increase on 1 April. However, you can claim Small Business Rate Relief if your property’s rateable value is lower than £15,000. 

Energy bill support

  • The Energy Price Guarantee at its current level will be extended to the end of June 2023 for households.
  • Unfortunately, there was no further support for businesses’ energy costs, other than the previously announced Energy Bills Discount Scheme, which will come into effect on 1 April. However, further energy support for households should, hopefully, leave more income in households’ pockets to spend in shops and venues.

Read the Spring Budget 2023 in full

Simpler Tax System: The chancellor has announced a series of admin changes with the aim of simplifying the tax system.

Filed Under: News

Wayfinder Business Help Series and Cost of Doing Business Hub

March 16, 2023 By InStreatham

We know that micro and small businesses are being significantly impacted by the cost of living crisis.

In partnership with Lambeth Council, the London Business Hub launched this new service last year and connected over 400 small businesses to expert advice and support from a variety of trusted providers. Wayfinder is available again to help businesses for the next phase of the programme until March 2024.

If you’re a small or micro-business looking for support on a variety of challenges, you can sign up to this free service. Simply register online via the London Business Hub where a team of Wayfinders will assess what kind of help you need. They will then match and connect you to a variety of experts based on your business goals. The Wayfinders remain on-hand throughout your support journey to ensure the guidance and help you’ve received is working and impactful for your business.

Sign up here: https://www.businesshub.london/resource/wayfinder/

The London Business Hub has also brought together a variety of practical resources and support to help you adapt and navigate the rising cost of doing business. The Hub will continue to add more information and guidance over the next couple of months, including broader support on rising energy costs.

Find out more on the Hub page.

Filed Under: News

Opportunity Lambeth: Lambeth Council’s Free Recruitment Service

March 14, 2023 By InStreatham

From hotels to cafes, office spaces to cultural venues – the hard work that Streatham’s businesses put in year on year helps to creates thousands of new jobs in our borough. We want to help businesses to fill the vacancies they create and make sure that our residents have the chance to develop a rewarding career on their doorstep.

Lambeth residents have a lot to offer, and the benefits of recruiting local people are well established. These include:

  • Wages spent back into the local economy
  • Staff who are knowledgeable about the area, and are connected to the customer base
  • Employees who can reliably commute in, and do so via environmentally friendly means such as walking and cycling

Opportunity Lambeth has an online jobs board for advertising vacancies within the borough, and a team of employment advisors who can point our residents in the direction of appropriate opportunities. We also have links with local Jobcentres and other referral partners such as colleges so that we can share employment opportunities even more widely.

If you would like to advertise a vacancy, learn more about Opportunity Lambeth, or have any questions then please don’t hesitate to contact Tom on tharringtonroberts@lambeth.gov.uk or 07720142987.

Filed Under: News

InStreatham BID secures third term

March 13, 2023 By InStreatham

Businesses across Streatham have voted in favour of renewing their status as a Business Improvement District (BID) for another five years.

80% voted in favour of the BID renewal by total number of businesses, and 87% of voted in favour by Rateable Value.

As a result of the YES vote, the renewal of InStreatham BID will commence on the 1st April 2023. Businesses with a rateable value of £9,000 or above will pay a levy based upon their rateable value, creating a collective fund of more than £1.25 to invested in the Streatham business community over the next five years.

The BID’s third term Business Plan objectives are:

  • Future Streatham – lobbying and strategising for change
  • Destination streatham – effective place management allows streatham to achieve its potential as a destination – not a drive through
  • Celebrate streatham – marketing streatham to residents and visitors to drive footfall and build confidence
  • Sustainable streatham – programme of bespoke schemes that help our businesses be smarter, greener and cleaner

Chair of the BID Razin Omar, from Holmes Estates said: “This is fantastic news and a huge congratulations must go to all the businesses that rallied and joined forces to ensure we secured a yes vote in our renewal ballot. InStreatham will continue to be the voice of business by lobbying on topics which affect them to ensure that Streatham remains relevant and flexible in an ever-changing environment.”

BID Manager Louise added: “We have a fantastic high street. There’s a marvellous mix of independent retailers and High Street chains, and events that attract hundreds of visitors. Streatham, like many high streets, towns and cities across the UK, faces challenges ahead. But, only by working together, in partnership, can we flourish.

This endorsement for another five years will enable the BID to build on its achievements.”

To get involved in the shaping of the delivery of the new plan please contact the team here.

Filed Under: News

Businesses invited to sponsor Streatham-Croydon Rugby Club to Lyon

March 10, 2023 By InStreatham

Streatham-Croydon is the 5th oldest rugby club in England, celebrating its 150th anniversary last year.

They are keen to work with local businesses who could sponsor their May 2023 rugby tour to Lyon. As a sponsor, you would be assisting a great local endeavour where the money would go towards their playing shirts. Your logo or business name would be placed on the shirts which they wear for tour fixtures and throughout the year at training/the gym etc.

This would be a great promotional opportunity online as well, they have a great social media presence with good engagement, and would promote you across all social channels.

“Our women’s side has over 50 registered players and we have a first team and development side. The club also has a growing girls side and 2 men’s senior teams. We have strong links with the local community and work in close partnership with many local groups, including Croydon Voluntary Action.

With women’s rugby a fast-growing sport in the UK we are eager to promote our sport and therefore have a strong recruitment drive. We have a diverse women’s side that has grown year on year since its inception 6 years ago and our first team have been promoted 3 times during this period. As well as welcoming new players we are also proud of how our existing players continue to develop. We have seen players move onto premiership teams and even represent Ireland and Jamaica in both sevens, tens and 15s. Like any good rugby team, we also have a healthy social calendar too!”

For £500, you can have your logo featured on the front or back of the shirts or £250 to be on a sleeve. They are open to discussing other ways that could work depending on what would suits you best.

Contact the club here for more info.

Filed Under: Community, News

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News and Updates

  • Energy Consumption and cost support
  • Spring Budget 2023
  • Wayfinder Business Help Series and Cost of Doing Business Hub
  • Opportunity Lambeth: Lambeth Council’s Free Recruitment Service
  • InStreatham BID secures third term

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