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Team Nobly
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March 18, 2020

UK Government Financial Assistance for Restaurants, Cafes and Bars

Restaurants throughout the UK are facing economic headwinds as social distancing measures have been introduced to stop the spread of Coronavirus (COVID-19), Boris Johnson’s advice on Monday to “avoid” restaurants that stopped short of mandating closures.

 

On 20th March 2020, the UK government announced the overnight closure of all dine-in restaurants, cafes, and pubs. Boris Johnson said it was vital to take more stringent steps to reduce the spread of the Covid-19 virus.

 

 

Last updated March 23rd, 2020

 

The affected establishments continue to be allowed to sell takeaway food and drink, further to that planning regulations have been relaxed to allow these establishments to start providing takeaways without a planning application.

 

The enforced closure will be reviewed on a monthly basis.

 

The government has recognised that this enforced closure will be “heartbreaking” for businesses. An unprecedented wage-support scheme and a raft of financial measures have been introduced to try to prevent a consequent tsunami of job losses and business closures;

  • The chancellor has said the government will pay 80% of wages for employees who are not working, up to £2,500 a month.
  • A 12-month business rates holiday for all retail, hospitality and leisure businesses in England
  • Grant funding of £25,000 for hospitality businesses with property with a rateable value between £15,000 and £51,000 (you can find out your rateable value from https://www.gov.uk/correct-your-business-rates)
  • Small business grant funding of £10,000 for all business in receipt of small business rate relief or rural rate relief
  • Coronavirus Business Interruption Loan Scheme, businesses can apply for a loan up to the value of £5 million. The Government will cover the first 6 months of interest payments. The support is for long-term viable businesses who may need to respond to cash-flow pressures by seeking additional finance. 
  • The HMRC Time To Pay Scheme, a dedicated helpline has been set up to help businesses in financial distress and with outstanding tax liabilities receive support with their tax affairs. Through this, businesses can agree to a bespoke Time to Pay arrangements. If you are concerned about being able to pay your tax due to COVID-19, call HMRC’s dedicated helpline on 0800 0159 559.
  • Confirmation that government advice to avoid pubs, clubs and theatres etc. is sufficient for businesses to claim on their insurance where they have appropriate business interruption cover for pandemics in place.
  • Businesses will be able to reclaim the money spent on statutory sick pay (SSP) for employees in light of the coronavirus pandemic. The government will fund SSP for two weeks.

Things are extremely fluid and more announcements can be expected over the next few days, and we will update the list here. 

 

Support

Due to recent events Nobly POS are now operating a remote work policy. Rest assured that our customer support availability remains intact over the coming months, so we will continue to operate our exceptional 7 day support service. Our technology department will continue to work on delivering quality functionality to advance the Nobly product.

 

For those looking to track sales from the safety of their home - Nobly Go our new iPhone & Android App lets you manage your business from anywhere.

 

Keep washing your hands - let's beat COVID-19 together.

 

Best wishes - The Nobly Team