With the UK situation changing daily we can help keep the public informed about your business. Please see the attached note to see how we can support you get your message out to our social media followers at Enjoy Wolverhampton.
Latest advice from the Government, City of Wolverhampton Council and Wolverhampton BID Click here
Latest Travel Information
National Express Bus Services – For latest travel advice visit click here
For all travel information visit https://www.networkwestmidlands.com/plan-your-journey/network-overview/
Wolverhampton BID’s City Centre Recovery Plan sets out the work the BID team have been doing through all stages of the pandemic and looks forward to Wolverhampton BID’s activities in reaching our ‘New Normal'.
City of Wolverhampton Council are announcing details of the second round of Discretionary Grant funding available to businesses that have not previously been eligible. Details of eligibility criteria will be announced at 12 noon today (23.7.2020) and will be published on the city council website https://discretionarygrantfund.wolverhampton.gov.uk
The Government announce further support to boost the economy:
• Job Retention Bonus: To help firms keep on furloughed workers, UK Employers will receive a one-off bonus of £1,000 for each furloughed employee who is still employed as of 31 January 2021.
• Kickstart Scheme: A new £2 billion scheme will also be launched to create hundreds of thousands of new, fully subsidised jobs for young people across the country. Those aged 16-24, claiming Universal Credit and at risk of long-term unemployment, will be eligible. Funding available for each six-month job placement will cover 100% of the National Minimum Wage for 25 hours a week – and employers will be able to top this wage up.
• Employment and support schemes: A total of £1.6 billion will be invested in scaling up employment support schemes, training and apprenticeships to help people looking for a job.
• Creating jobs: The plan will also create tens of thousands of jobs through bringing forward work on £8.8 billion of new infrastructure, decarbonisation and maintenance projects. In addition, £5.8 billion will be spent on shovel-ready construction projects to get Britain building.
• Eat Out to Help Out: To encourage people to safely return to eating out at restaurants the Government’s new discount scheme will provide a 50% reduction for sit-down meals in cafes, restaurants and pubs across the UK from Monday to Wednesday every week throughout August 2020.
• VAT: The rate of VAT applied on most tourism and hospitality-related activities will be cut from 20% to 5%.
• Stamp Duty: A temporary increase to the Nil Rate Band of Residential SDLT (Stamp Duty) from £125,000 to £500,000 has been introduced until 31 March 2021.
Full details of the announcement can be found here: https://bit.ly/CXPlanForJobs
The Government have provided updated guidance for retailers and provided a list of those ‘non-essential’ retailers who are able to open for business on the 15th June. Click here for the full guidance.
City of Wolverhampton Council launch new ‘Wolves In Business’ portal. The portal provides a single place for business support, information and guidance click here.
The Government have released specific guidance on working safely during the Coronavirus pandemic. Guidance has been produced for different business sectors including, but not limited to:
For the government's full guidance relevant for your business sector visit https://www.gov.uk/guidance/working-safely-during-coronavirus-covid-19
UPDATE FROM BOOTS AT DUDLEY STREET, WOLVERHAMPTON.
Boots – Dudley Street Branch is trading as normal from 6th May 2020
Click here for the Governments step by step guide to Claiming for your Furloughed Employees through the Coronavirus Job Retention Scheme.
Boost your Business Presence on Facebook -Click here for a simple step by step guide to getting your business on Facebook – increase awareness of your business, build your audience and connect with your customers whilst staying at home.
Save Money on Bills and Utilities -See if we can find your business savings on energy bills, mobile, landline and broadband contracts plus merchants fees and transaction fees – Click here for more information on our Free Saving Scheme.
Wolverhampton BID have received some insights from Chartered Accountants Daw White Murrall on the latest Government guidance for the Coronavirus Job Retention Scheme, please see below the link for the guidance in full.
We recommend you read the guidance in full following the link above, but below are some key points;
1. Employers can claim 80% of furloughed employees usual wages costs up to £2,500 per month (this is “regular” wages excluding fees, commission and bonuses)
2. Minimum length of furloughing is three weeks (this would suggest if off for less than this no claim is available)
3. Employers NI and Employers pension contributions on the 80% WILL also be covered by the scheme
4. It is applicable to employees on the payroll as at 28 February 2020 (and under RTI submission HMRC know this already)
5. To be eligible you must write to the employees to notify them they are on furlough leave and no work can be undertaken by them during the absence period – retention of this communication is required
6. If employees are on reduced hours/ short time working they will not be eligible
7. The claim is based on the regular wages, therefore basic pay. Further details are included in the guidance
8. This information can apply to directors of small businesses
9. It covers employees made redundant as a result of COVID-19 since 28th February 2020 provided they are rehired by their previous employer
The government’s portal is not yet ready but the scheme is expected to be operational by the end of April.
Keep checking the government website for further advice at www.gov.uk/coronavirus
With thanks to Daw White Murrall Chartered Accountants