Instreatham has been actively monitoring the Coronavirus outbreak here in the UK
We have been communicating directly with the government, on a local and national level. This is helping to ensure our businesses get exactly what they need.
We want to reassure you that we are continuously working in the background to maintain the value we give our members.
Some projects are still running and we’ll keep members informed of any developments with our activities.
Government support for businesses
The government have announced broader financial support for businesses coping with the economic impact of coronavirus. This includes:
The Chancellor announced £4.6 billion in new lockdown grants to support businesses and protect jobs in the retail, hospitality and leisure sectors. Businesses are to receive a one-off grant worth up to £9,000. This is on top of the funding which has already been guaranteed to continue to provide the devolved administrations the certainty they need to plan for their COVID-19 response in the months ahead.
- The one-off top-ups will be granted to closed businesses as follows:
- £4,000 for businesses with a rateable value of £15,000 or under
- £6,000 for businesses with a rateable value between £15,000 and £51,000
- £9,000 for businesses with a rateable value of over £51,000
- £594 million discretionary fund also made available to support other businesses impacted by the restrictions.
- comes in addition to £1.1 billion further discretionary grant funding for Local Authorities, Local Restriction Support Grants worth up to £3,000 a month and extension of furlough scheme
All businesses eligible for the National Lockdown Grants in November will automatically be entitled to receive the new Government grants WITHOUT APPLYING. You will automatically be credited with one bulk payment which will include three payments of:
- Tier 4 Grants from November 20th to January 4th
- National Lockdown grants from 5th January to February 22nd
- The additional Closed top up grant of £4,000, £6,000 or £9,000 depending on the size of your business
As always please keep hold of your reference number so we can support any enquiries you may have.
At Instreatham BID we will continue to provide a voice for business within Streatham and continue to offer clarification and guidance to our members.
It has now been confirmed that we will move into Step 4 of the Roadmap next Monday, 19 July. At Step 4, the Government will remove outstanding legal restrictions on social contact, life events, and open the remaining closed settings. The Government will instead enable people and […]
The application form for the Restart Grants announced at the Budget on 3rd March 2021 is now live on the Lambeth website. Eligibility: The Restart Grant Scheme is for businesses on the ratings list only. Businesses must have been trading […]
‘COVID-19 Response – Spring 2021’, the roadmap out of the current lockdown for England has been published by the Government. We have put together the key points from the 4 step reopening roadmap announced by the Prime Minister for local […]
We encourage all Streatham businesses to check with their insurer as you may be entitled to an insurance payout that was denied earlier in the pandemic. Insurance companies that initially rejected claims from businesses for losses due to the coronavirus […]
The Chancellor announced £4.6 billion in new lockdown grants to support businesses and protect jobs in the retail, hospitality and leisure sectors. The cash is provided on a per-property basis to support businesses through the latest restrictions, and is expected […]
Apply now: Local Restrictions Support Grants Tiers 2 & 3 – and ‘Christmas Support Payment for Wet-Led Pubs’
Applications are now open for Government grants for the periods of time Lambeth was under Tier 2 and Tier 3 restrictions. This includes: Grants for businesses in the Hospitality, Leisure and Accommodation sectors that have remained open but severely impacted by Tier […]
Business Support Helpline
As of March 23rd 2020, our staff will work remotely and will continue to be operational during business hours, Monday to Thursday, 9:00 – 17:30. We are available to offer support through all of our channels. If you would like to book a phone consultation to discuss ways in which we can support you please email us to set this up.