Norfolk Business News

Coronavirus
13/05/2020
Self-employed workers in the UK will be able to apply for grants of up to £7,500 from today, with payments due within six days, the Government has said. The Self-Employment Income Support Scheme (SEISS) grant is worth up to 80% of average trading profits for those stuck at home. It is the biggest...
Coronavirus
12/05/2020
The Chancellor, Rishi Sunak has today announced the extension of the Coronavirus Jobs Retention Scheme until the end of October 2020. The scheme has supported over 7.5 million furloughed workers across the UK.  Mr Sunak advised that up to the end of July the scheme remains unchanged.  And from...
Coronavirus
12/05/2020
Yesterday, the UK government published their Coronavirus recovery strategy. This document describes the progress the UK has made to date in tackling the Coronavirus outbreak and sets out the government’s plans for the next phases of its response. The government has also updated its guidance for...
Coronavirus
11/05/2020
Commenting on the Prime Minister’s address on Sunday evening, in which he set out a conditional plan for the next phase of the response to Covid-19, Nova Fairbank, Head of Policy for Norfolk Chambers said: “Norfolk businesses share the Prime Minister's ambition to see more people return safely to...
Coronavirus
07/05/2020
Commenting on the latest UK Finance figures (7 May) on the number of firms successfully accessing CBILS, the BCC’s Head of Economics Suren Thiru said: “Although the steady improvement in the number of firms accessing CBILS is welcome, with many firms only having a few months' cash in reserve the...
Export
06/05/2020
The British Chamber of Commerce (BCC) in conjunction with HMRC have negotiated with the Turkish customs authorities for electronic AT.Rs to be accepted with immediate effect. The Turkish authorities have agreed that the electronic documents will be accepted as long as they can be verified by the...
Coronavirus
06/05/2020
Results from the latest BCC Coronavirus Business Impact Tracker reveal the vast majority of firms surveyed say they will require three weeks or less to prepare to restart operations alongside any loosening of the UK lockdown. Smaller businesses may be able to restart operations more quickly....
Coronavirus
05/05/2020
Thank you to everyone who took part in last week’s British Chambers Business Tracker.  Over 700 businesses across the UK, including those from Norfolk responded - making this the largest independent business survey on Covid-19 economic impacts.  The results will be published tomorrow. The...
Coronavirus
05/05/2020
What is it? The Bounce Back Loans scheme will offer loans from £2,000 up to 25% of a business’ turnover or £50,000, whichever is lower. The Government will provide lenders with a 100% guarantee for the loan and pay any fees and interest for the first 12 months. The government has then set the...
Coronavirus
05/05/2020
HM Revenue and Customs (HMRC) has updated their guidance on the SEISS: HMRC is now contacting people who may be eligible for the SEISS The claims service will open on 13 May Applications will open in tranches based on the UTR number Those eligible will have the money paid into their...

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