Construction sites can stay open under new lockdown…

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Construction work is still allowed under both Scotland’s and England’s latest lockdown restrictions.

Prime Minister Boris Johnson unveiled new rules for England that included an instruction to “stay at home”. However, unlike during the restrictions last April, people are allowed to leave home to work in occupations including construction.

The new government guidance states that tradespeople are allowed to continue to work and should only go into a house to carry out or deliver essential work or services. This means that in both England and Scotland construction work is still allowed to operate as normal.

Both Prime Minister Johnson and First Minister Sturgeon have said that extremely clinically vulnerable people should not go to work but as most working sites like construction are Covid-19 secure and may continue to work.

The change in operations for construction comes after the Business Secretary, Alok Sharma , wrote an open letter to the industry about remaining open under the tightest lockdown restrictions.

With many other businesses having to close or reduce working hours, having construction and other working sites open will act as major contribution to the economy in tough times.

Director of Construction Asset Finance, Gary Burns, added:

“Allowing the Construction Sector to remain open and continue to work in a Covid Secure environment enables the ongoing projects to be completed and new ones started, allowing the continued growth in the UK construction and Infrastructure sector.”

“This will also give companies confidence to invest in new equipment to carry out these contracts and allow them to benefit from the CBILS schemes for funding”

You can contact us to chat through your financial situation on 0115 958 6872, email enquiries@maffinancegroup.co.uk or fill an enquiry form.

Our team is standing by to help businesses during this difficult time and are here to help you and take the strain off so you can focus on running your business.

£4.6 billion in new lockdown grants to support business…

London the capital of england

The UK Chancellor has announced that businesses in the retail, hospitality and leisure sectors are set to receive a one-off grant worth up to £9,000.

 

The support to businesses follows the Prime Minister’s announcement that business will be closed until at least February half-term.

Cash will be provided on a per-property basis to keep businesses afloat over the next seven weeks through the latest harsh lockdown restrictions. The one-off grant is expected to benefit over 600,000 business properties, that could otherwise struggle financially.

The new one-off grants come in addition to existing business support, including grants worth up to £3,000 for closed businesses.

A further £594 million will be made available for local authorities to support businesses not eligible for the government grants, but might still be affected by the new restrictions.

The government will also provide 100% business rates tax relief for retail, hospitality and leisure businesses, while the furlough scheme has now been extended to April 2021 for businesses to take advantage of and £1.1billion existing discretionary funding for local authorities will now become available.

You can contact us to chat through your financial situation on 0115 958 6872, email enquiries@maffinancegroup.co.uk or fill an enquiry form.

Our team is standing by to help businesses during this difficult time and are here to help you and take the strain off so you can focus on running your business.