The Coronavirus pandemic has been a very challenging time for businesses in Elmbridge. There is a range of government support available, and a useful online tool, here, to identify what you or your business may be eligible for.
The Prime Minister announced the next steps in easing the lockdown earlier this week, setting out a timeline for re-opening the retail sector. Outdoor markets and car showrooms will be able to re-open from 1 June, as soon as they are able to meet the government’s “COVID-19 secure” guidelines to protect shoppers and workers.
All other non-essential retail businesses are expected to be able to re-open from 15 June, if the five tests the government has previously set out for easing measures are met, and businesses follow the COVID-19 secure guidelines.
The government is supporting our local business in Elmbridge as they make this transition. Elmbridge has been allocated £120,877 from a new £50m fund to help councils prepare for the safe re-opening of high streets and other retail spaces. The council will be able to use this funding to introduce safety measures so that businesses can re-open quickly. This could include the use of street markings and temporary barriers, or marketing campaigns to explain the changes to the public.
In addition, the Corporate Insolvency and Governance Bill was introduced by the government to Parliament on 20 May. It will put in place a series of measures to support businesses which have been struggling. For example, it will introduce a moratorium to give companies breathing space from creditors while seeking a rescue.
Finally, the first debate on the Trade Bill took place on 20 May. This legislation is an important part of our newly independent trade policy. It provides continuity for businesses and consumers by helping us to transition free trade agreements that the EU has with other countries. It also allows us to protect UK businesses from unfair trade practices. These measures will provide a boost to Elmbridge. In January 2018, HMRC data showed that over 100 businesses in the Esher and Walton constituency traded goods with non-EU countries.
Together, this package of support will help Elmbridge businesses to come through the challenge of Coronavirus and grasp new opportunities in the months and years ahead.
