COVID-19 Updates | Brite Books

Hospitality and retail firms to get £5bn for new Restart Grants

Hospitality and retail firms to get £5bn for new Restart Grants

Chancellor Rishi Sunak has announced a £5bn Restart Grant scheme to help any small business badly impacted by Covid-19 – and support them as they get ready to reopen. The multi-billion pound package of support will replace the monthly Local Restrictions Support Grant (for open and closed businesses) due to end later this month, and…

Budget 2021: Updates

Budget 2021: Updates

This week, the Chancellor delivered the government’s Budget for 2021. Mr Sunak announced extensions to a number of the current COVID-19 schemes, as well as additional support for individuals and businesses. Below is a breakdown of some of the key measures for employers. To get the full details on all of Budget 2021 measures announced…

Notice periods and furlough: are you up-to-date on the guidance?

Notice periods and furlough: are you up-to-date on the guidance?

You might already be aware that last December saw some important updates to the furlough scheme rules. One important change concerned the payment of employees’ notice pay while on furlough, to prevent the scheme from being used for any employee that is retiring, being made redundant, or is working their notice. It was made clear…

Increasing concern about UK business debt as March Budget looms

Increasing concern about UK business debt as March Budget looms

The British economy looks set for a protracted recovery from the coronavirus pandemic, as figures reported by The Guardian raise fears about the escalating debts burdening UK businesses. The newspaper said that new statistics showed British firms had taken on debt at more than twice the normal average growth rate since the onset of the…

Secure Your CBILS Loan Before the Approaching Deadline

Secure Your CBILS Loan Before the Approaching Deadline

In the current climate, it’s likely that you may have taken advantage of the various government-backed loan schemes available. Most commonly Bounce Back Loans (BBLS) will have been taken – lesser known are the Coronavirus Business Interruption Loan Scheme (CBILS) loans, which are for the larger business with turnover exceeding £200,000. Recently the CBILS deadline…

£9,000 Top Up Grant For Retail, Hospitality And Leisure Businesses

£9,000 Top Up Grant For Retail, Hospitality And Leisure Businesses

Chancellor Rishi Sunak has announced a £4.6 billion programme of new lockdown grants to support businesses and protect jobs through the next phase of the pandemic. To summarise what we know currently, businesses in retail, hospitality and leisure sectors are to receive a one-off grant worth up to £9,000 to help keep them afloat until…

Additional Restrictions Grant Update: Further Financial Support Available for Plymouth Businesses

Plymouth City Council has been allocated £5.2 million through the Government’s Additional Restrictions Grant (ARG) to support local businesses that have been most impacted by the current national coronavirus restrictions – in particular retail, leisure and hospitality businesses and their supply chain. The Council has also identified types of businesses that it will prioritise for…

Lockdown Restrictions Support Grant: Summary of latest Coronavirus advice for Plymouth Businesses

Below is an overview of the latest updates on Coronavirus advice and guidance for local businesses. If you’d like your specific questions answered, please get in touch with our team. More than a thousand Plymouth businesses apply for lockdown support in less than a week. Plymouth City Council opened the application process for the Local…

Chancellor Announces Five-Month Extension to Furlough Scheme

Extension to Furlough Scheme Following its most recent announcement, the Government has further extended the Furlough Scheme to 31 March 2021, while also increasing support for the self-employed. The scheme, officially known as the Coronavirus Job Retention Scheme, was originally due to end last Saturday on 31 October. This was then followed by a last…

The Furlough Scheme is changing again from 1st September

The Furlough Scheme is changing again from 1st September

Are you aware of the further changes to the Furlough Scheme from 1st September? As the Coronavirus Job Retention Scheme (CJRS) continues to wind down towards its closure at the end of October, important changes are being introduced from 1st September. What employers need to know In the scheme’s penultimate month, employers must still pay…