Small businesses in Dorset are being reminded to provide their details online to get access to coronavirus cash grants, with the council having already handed out £9.1m this week.
To help lessen the impacts of the shutdown, firms which already receive small business rate relief or rural rate relief may be eligible for a £10,000 grant, while retail, hospitality or leisure businesses operating from property with a rateable value of up to and including £15,000 may also be eligible for a grant of £10,000. Those in the retail, hospitality or leisure sector with a rateable value of between £15,001 and £51,000 may be eligible for a grant of £25,000.
Dorset Council has distributed grants to 770 businesses and continues to process information from a further 4374 businesses who have completed the online form. Others who are eligible but not yet registered are asked to do so as soon as possible to receive their cash. The online registration form is available at www.dorsetcouncil.gov.uk/business-grants
Coronavirus and your money from the Money Advice Service
If you have to take time off work because of coronavirus there are a number of support measures in place
If you are facing a drop in income because your employer has had to temporarily lay you off or put you on short-time working the government has said it will cover up to 80 percent of employees salaries through grants to businesses and a range of changes to the benefits system.
If you’re self-employed, the income support scheme might cover up to 80 percent of your profit based on previous tax returns for three months. But it’s likely you will have to wait a while for this money if you’re eligible. https://www.moneyadviceservice.org.uk/en/articles/coronavirus-and-your-money
Coronavirus – what it means for you and what you’re entitled to
The spread of coronavirus, also called COVID-19, in the UK and across the world could have implications for your work, benefits and travel plans. This guide will look at your rights to sick pay, what benefits you can claim if you’re self-employed or not entitled to Statutory Sick Pay (SSP). https://www.moneyadviceservice.org.uk/en/articles/coronavirus-what-it-means-for-you
Business Continuity from HM Gov.uk
Business continuity management (BCM) is a process that helps manage risks to the smooth running of an organisation or delivery of a service, ensuring continuity of critical functions in the event of a disruption, and effective recovery afterwards. The government aims to ensure all organisations have a clear understanding of BCM. This section outlines the importance of BCM, and discusses how best to achieve business continuity.