To provide urgent support and guidance for businesses affected by Coronavirus, both Lambeth Council and Southwark Council have announced new measures and economic packages for businesses and residents across the boroughs.
These measures have been implemented in collaboration and under continual discussion with local place-making groups, including South Bank BID, to begin to try and mitigate the economic impact of Covid-19.
On March 25th, Lambeth Council announced an extensive major economic package to support workers and businesses affected by the COVID-19 pandemic.
- Rent relief for voluntary and community sector and businesses that rent council properties and are most impacted by the crisis including hairdressers, cafes, restaurants, beauty salons and non-food retailers.
- Grants to businesses – Government have announced grants of either £10,000 or £25,000 for businesses who receive Small Business Rate Relief or are in the retail, hospitality or leisure sectors. Lambeth Council are paying these grants directly to businesses who are eligible, and are doing this before receiving the funding from Government. There is no need to apply for this and those who are eligible will be contacted directly.
- Business Rates relief – the business rate relief support announced by Government is being applied to accounts automatically. This includes 100% business rate relief for retail, hospitality and leisure businesses for 2020/21
- Freezing commercial waste charges for any pub, club or restaurant that requests it.
- The Council have established a Business Task Force with Lambeth’s 7 Business Improvement Districts, including South Bank BID, which is coordinating the council’s response and working up additional proposals to support local businesses and support the eventual economic recovery effort
- Lobbying Government to support self-employed residents, many of which work in the creative industries in Lambeth, with additional measures to alleviate financial hardship.
For further information on these measures, and all of the latest updates from Lambeth Council in reaction to the crisis, please see here.
Southwark Council have also announced economic measures which are being immediately put into place, alongside dedicated business support hotlines to help businesses individually understand and access the relief most relevant to their organisation.
- Business Rate exemption for the 2020/21 business year applied automatically to businesses who are eligible
- Grants are now available for businesses that get Small Business Rates Relief, and for small businesses in the retail, leisure and hospitality sector. The council will make grant payments directly to all eligible businesses.
- In order to process grant payments, the council are asking businesses to provide their bank account details securely using the council’s business grant request form.
- Southwark Council have also set up a dedicated business helpline, for businesses to discuss support available or issues affecting your business. To contact this helpline, please email SouthwarkBusinessDesk@southwark.gov.uk.
For further information and the latest up to date measures being put in place by Southwark Council, please see here.
For South Bank BID’s complete list of resources and information available for businesses during this time, alongside updates on the work the BID is doing to support businesses, please see here.