The North-west region is expected to have the strongest recovery from the economic impact of the Covid-19 pandemic outside of London and the South-east, according to a report from Big Four accountancy firm, EY. In the period 2019 to 2023, the region's economy is set to grow by an average of 0.11% … [Read more...]
News for: Coronavirus Financial
Deadline approaches for November furlough claims
HMRC has warned businesses which made use of the Coronavirus Job Retention Scheme (CJRS or furlough) during the November lockdown have until 14th December to submit claims. Under the scheme, the UK government will pay 80% of usual wages for hours not worked by staff, up to a cap of £2,500 per … [Read more...]
Stockport Council opens Discretionary Grant Schemes for businesses affected by second lockdown
A second phase of Discretionary Grant Schemes delivered by Stockport Council is now live for businesses affected by restrictions imposed with the second national coronavirus lockdown and local restrictions. Businesses that are not eligible for the Local Restrictions Support Grants may be eligible … [Read more...]
North-west businesses report demand concerns in ICAEW monitor
Accountancy trade body, the Institute of Chartered Accountants in England and Wales (ICAEW), has reported that businesses in the North-west have growing concerns for customer demand in its latest Business Confidence Monitor. The latest ICAEW figures found 56% of businesses in the North-west cited … [Read more...]
£2.2 billion in small business grants to be delivered by local councils during lockdown restrictions
The UK government has released £2.2 billion to help small businesses through the current lockdown restrictions, with grants to be delivered by local authorities in England. Businesses will benefit from 2 grant schemes: one for businesses that have had to close, and another scheme for further … [Read more...]
GMCA launches £10m Bounce Back Fund in second lockdown response
Greater Manchester Combined Authority (GMCA) has pledged £10 million of emergency funding to support businesses in the city-region ineligible for the national Bounce Back Loan Scheme (BBLS). GMCA has partnered with GC Business Finance to deliver the funding that aims to cover gaps in BBLS … [Read more...]
Latest updates to Covid-19 financial support for jobs and businesses
The Department of Business, Energy and Industrial Strategy (BEIS) has updated its Covid-19 financial support on offer to protect jobs and businesses as England re-enters lockdown from 5th November. The BEIS is announcing: An extension to the Coronavirus Job Retention Scheme until 2 … [Read more...]
Greater Manchester credit unions unite for Covid-19 support campaign
Eight community credit unions from across Greater Manchester have launched a Covid-19 recovery plan to provide financial support communities across the city-region. Know as Sound Pound, the consortium of organisations aims to raise awareness of community credit unions as more people face greater … [Read more...]
Furlough scheme extended to cover November coronavirus restrictions
The government's Coronavirus Job Retention Scheme (CJRS), or furlough scheme, has been extended following Prime Minister Boris Johnson's announcement of a return to restrictions to curb the spread of the pandemic in England. Under the extended furlough scheme, the CJRS provision that applied in … [Read more...]
Greater Manchester to receive funding to continue Metrolink support
Greater Manchester is to secure funding over the next 12 weeks to support Metrolink to continue to run essential services in the face of reduced revenue from ticket sales. Metrolink is one of six light rail networks to receive a share of £35.4 million in funding to continue serving communities in … [Read more...]
Stockport Local Fund opens applications for community grants up £10,000
As part of the One Stockport campaign, Stockport Council is opening Stockport Local Fund to applications for grants of up to £10,000 available for local community activities and projects. The Council is encouraging applications to fund new ideas and activities that will support Stockport's … [Read more...]
Stockport Council offers supermarket vouchers for families in need during half-term
Stockport Council is committing to ensuring no child goes hungry this half-term and will be funding supermarket meal vouchers for all children who are currently receiving means-tested free school meals. If a child is currently eligible for free school meals, parents will receive £15 per child of … [Read more...]
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