Stakehill BID Open Event - Wednesday 11th November 2020, 11:30am – Mayor Andy Burnham & Cllr Allen Brett

We are delighted to announce the Mayor of Greater Manchester Andy Burnham and the Leader of Rochdale Borough Council Cllr Allen Brett will be attending the November Stakehill BID Virtual Open Event to discuss the opportunity for Stakehill Businesses. 

The BID has compiled links pointing to Information on the new national restrictions, including what they mean for working from home and business closures, why they are being introduced and the financial support that is available to you and your business.  
From Thursday 5 November until Wednesday 2 December, the Government is taking the following actions:

  • Requiring people to stay at home, except for specific purposes.
  • Preventing gathering with people you do not live with, except for specific purposes.
  • Closing certain businesses and venues.

 For further information please click here.
Details about those businesses that MUST close can be found here.
Businesses that fall within this category are eligible for a Government National Localised Restrictions Support Grant, with the amount being based on the rateable value of your property. This scheme will be administered by the Council’s Revenue and Benefits Team and applications are now open.

Information on how to apply, further eligibility criteria and the form can be found here.
Latest Changes: Government increases support for self-employed across the UK

The government is increasing its support to the self-employed over the coming months and ensuring people get paid faster than previously planned.

To reflect the recent changes to the furlough scheme, the UK-wide Self-Employment Income Support Scheme (SEISS) will also be made available – with self-employed individuals receiving 80% of their average trading profits for November.

For further information please click here.

The Coronavirus Job Retention Scheme (CJRS), which was due to end on 31‌ October, will now be extended, with the UK government paying 80% of wages for the hours furloughed employees do not work, up to a cap of £2,500 for periods from 1 November.

In addition, business premises forced to close in England are to receive grants worth up to £3,000 per month under the Local Restrictions Support Grant.

For further information please click here.

The Coronavirus Business Interruption Loan Scheme (CBILS) provides financial support to smaller businesses affected by coronavirus The scheme is open until 31 January 2021. For further information please click here.

The Coronavirus Large Business Interruption Loan Scheme (CLBILS) provides financial support to larger businesses affected by coronavirus. The scheme is open until 31 January 2021. For further information please click here.

The Bounce Back Loan Scheme (BBLS) enables smaller businesses to access finance more quickly during the coronavirus outbreak. The scheme is open until 31 January 2021. For further information please click here.

This scheme will issue convertible loans between £125,000 to £5 million to innovative companies which are facing financing difficulties due to the coronavirus outbreak. The scheme is open until 31 January 2021. For further information please click here.
Latest Changes: Job Support Scheme

The Job Support Scheme, which was due to start on 1 November 2020, has been postponed as the Coronavirus Job Retention Scheme is being extended until December. For further information please click here.
BREXIT: Where does your business stand?

The UK is leaving the European Union single market and customs union, and the end of the transition period may affect your business.

Answer a few questions to get a personalised list of actions you need to consider before the UK leaves the EU here.
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Get in Touch

To find out more and get involved in shaping the future of the BID for Stakehill Industrial Estate contact info@stakehillbid.com or call our project team on 0800 0803 207 or visit www.stakehillbid.com
Covid-19 Business Support Guide

Stakehill BID has produced a comprehensive Covid-19 Business support guide which we hope you will find very useful at this time. Please click the button below to download the PDF.
We would welcome everyone to both forward this e bulletin on to colleagues or anyone else you feel would benefit from this information and contact us to ensure that we have all your contact details and discuss how we can support you at this challenging time. Please call the BID Development Team on 0800 0803 207 or e-mail info@stakehillbid.com