The UK Government has reviewed the terms of the scheme, and announced that the Coronavirus Job Retention Scheme (CJRS) will remain at the current level of 80% of usual wages for the hours not worked, and will be extended until the end of April 2021. You can now make December claims You can now submit your claims for periods in December. These must be made by 14 January 2021. If you have furloughed employees because...
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If you’re travelling abroad after 1 January 2021 for business purposes, you will need to be aware of some changes to rules if you are bringing commercial goods into and out of the UK. You must complete a declaration when entering or leaving the UK if you’re carrying goods to sell or use by a business: with a value not exceeding £1,500 (€1,000 for Northern Ireland) and not weighing more than 1,000kg and not classed...
Solve for Tomorrow is a nationwide competition, empowering the UK’s next generation of innovators to change the world for good. No qualifications required. No existing expertise needed. Just an idea that uses technology and a desire to make a difference. If you are aged between 16 to 25 and have a brilliant tech idea for a new tech product, service or app that could make a real difference to the people and the communities most...
UK Export Finance (UKEF) has launched a new guarantee scheme that will provide working capital to small and medium-sized exporters to help them recover from the impact of Covid-19. Under the General Export Facility exporters can apply for finance from the UK's five largest banks backed by a UKEF guarantee. This will enable exporters to free up working capital that can be used for export-related costs and to scale up their business operations. For further...
Following the First Minister’s announcement new restrictions came into force from midnight on 19 December 2020, the statement includes further detail on the severity of the situation that determined that alert level 4 restrictions for Wales should be brought forward. To read the statement visit GOV.Wales website. Alert level 4 frequently asked questions and guidance can be found on the GOV.Wales website.
The Welsh Government have announced a further £110 million of financial support for businesses affected by the latest restrictions, which came into effect on Sunday 20 December 2020. Hospitality, non-essential retail, tourism, leisure and supply chain businesses will be eligible for financial assistance. Further details of the funding will be announced on the Business Wales website in due course. Please visit the GOV.Wales website to read the announcement.
UK Trader Scheme launched to support business moving goods from Great Britain to Northern Ireland: The New UK Trader Scheme (UKTS) will help ensure traders don’t pay tariffs on the movement of goods into Northern Ireland from Great Britain, where those goods remain in the UK’s customs territory. For more information about what businesses need to do before their first movement of goods after 1 January 2021, visit the GOV.UK website. Apply for authorisation for...
The furlough scheme has been extended and the UK Government will continue to pay 80% of the salary of employees for hours not worked until the end of April 2021. Employers will only be required to pay wages, National Insurance Contributions (NICS) and pensions for hours worked; and NICS and pensions for hours not worked. Businesses can also access the following loans until the end of March 2021: Bounce Back Loan Scheme Coronavirus Business Interruption...
A video series has been released that explains what businesses need to do to be ready for 1 January 2021. These videos cover what businesses need to know about: exports and imports customs commodity codes controlled goods To view the videos, visit the GOV.UK website. Why not visit the Business Wales EU Transition Portal which provides important advice and guidance for businesses preparing for European transition.
Community organisations and registered charities in Wales can now apply for a share of £1.5 million. The funding is available through the National Lottery Community Fund’s – Supporting Great Ideas Fund. Projects must have a minimum value of £10,001 and no maximum grant amount is specified. Supporting Great Ideas awards grants are to support innovative and strategically important project ideas that encourage positive social change in Wales. Applications are welcomed that meet the priorities below...